Are you thinking of renovating your kitchen? It’s a great project. Your kitchen will look nice and it adds tremendous value to your property. However, renovations are expensive, especially when it’s a kitchen. In today’s blog post, we’ll explore the topic of factors that affect the cost of a kitchen renovation.
The first thing you need to do before getting started on a renovation project is fixing your budget. You can spend as much money as you want but renovations have a way of going over overbudget. If you want to avoid buyer’s remorse, plan your renovation, fix your budget and stick to it.
To give you a general idea, the average spend on a kitchen renovation is in the range of $25,000-$30,000 though the cost depends on the size of the kitchen and some other factors.
If you are looking to renovate a small kitchen on a budget, a flat pack is the right choice and it should cost you around $10,000. Keep in mind that this number does not include the electrical work, cost of installation, plumbing and appliances.
If you have a bigger budget and want a professionally designed and built kitchen, you should be ready to spend anywhere from $20,000 to more than $40,000. This amount of money will get you a professionally designed kitchen that is going to look as good as it sounds.
If you can extend your budget, a luxury kitchen is within your reach. It may cost you anywhere in the range of $40,000-$75,000 though you can also easily go into 6 figures depending on the cost of appliances, cabinets and other high-end things.
Factors Affecting the Cost of Renovation
Once you have a general idea of the amount of money you should expect to spend on a kitchen renovation project, you need to dig deeper and get a closer number. Here are the factors that should help you get a more accurate idea of the estimated cost:
Size of renovation — Renovating a bigger space is going to cost you more as compared to a smaller space.
Kitchen layout — The layout of your kitchen also adds to the cost. Common layouts include U shape, L shape as well as galley kitchens. There is a price difference in the range of $10,000-$20,000 between different layouts for the same sized kitchen.
Cabinetry — The most visible space in your kitchen is occupied by cabinets. There are all kinds of cabinets at various price points. If you are going the DIY route, you may always get those prebuilt cabinets but if you want something unique, you have to have a budget for it.
Benchtop — This is where you are going to do most of your prep work and there is a huge variation in price. There are laminated benchtops, natural stone benchtops and several other varieties. Obviously, natural stone benchtops tend to be the most expensive and again, there is a huge variation based on the type of natural stone you want in your kitchen.
Appliances — There are functional appliances and then there are appliances that have a lot of bells and whistles and look immaculate. However, be ready to pay a higher price for those eye-pleasing looks.
Overall, these are some of the factors that affect the final cost of a kitchen renovation project. Before you start researching layouts, materials, benchtops, cabinetry and other such things, it’s better to sit down with a clear head and fix a budget.
Renovations often go over budget because people don’t take their time to research before starting the project. Don’t make this mistake and fix a budget before getting started. It will help you get the kitchen of your dreams without the stress of going over budget.
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