One of the most effective ways to breathe life back into your home and increase its value is a kitchen remodel or renovation, and it’s not hard to see why. Kitchens aren’t only the heart of the home, they’re also the first room in the house to show signs of age and go out of style.
Sometimes layouts aren’t as productive anymore, cupboards don’t suit the latest trends or your kitchen just might not suit the workflow of your home anymore. So, your best option to bring your kitchen back to life and on trend is to update it with an entirely new one or just have a few things replaced.
A renovated kitchen is more of an investment than an ordinary purchase, so when you’re planning a budget for your kitchen don’t just think you’re sinking money into it for nothing, you’ll get great returns when you sell your home and when you see the change it’s made in your daily life. Typically though depending on the size of the kitchen and its features, a renovation can cost anywhere between $8,000 and $25,000.
Estimate Your Cost
The cost of any renovation, kitchen or otherwise, will depend on your own preferences and what you need to have done. Different materials will affect the final price of your new kitchen, as will the time of year you have it done and the whether any repairs are needed during the renovation.
Typically, the materials are the largest cost in your new kitchen, although it will depend on where you live. Larger capital cities like Sydney and Melbourne have common kitchen renovation prices of over $23,000 and if you choose to have a more premium renovation with more high-end materials you’re looking at more than $42,000 in expenses. The typical Australian renovation cost outside of Melbourne and Sydney is $17,000.
To give yourself a rough outline of the cost you can take a look at the points listed below.
A new design
If you’re looking at redesigning the entire layout of your kitchen you’ll need to factor in designers fees, which are normally around 10% of the overall cost or $100 to $200 an hour. The average price point for designers fees is $2,5000 – $3,000.
There are a number of different options for cabinetry which can affect the cost of the renovation greatly. Solid timber is obviously more expensive than composite materials and melamine drawers and doors can save you a lot of money.
To replace all of your cabinetry, you can expect costs to be anywhere from $4,000 to $10,000.
Depending on the materials used on the countertop there can be a large sway in pricing. More basic countertops can be less than $3,000, whereas a marble or stone bench top can easily push through the $10,000 mark without installation costs.
One of the most overlooked aspects of a kitchen renovation is the flooring. If you’re planning on replacing your flooring, contrast the style of your cabinetry to make it stand out. Typically a tile floor will cost around $2,000 depending on the kitchen size, though laminate and wood can push through $4,000. The more affordable options are vinyl and linoleum which are normally only $300 – $400.
Although not the most expensive addition during a renovation, lighting can still add up. Normally installation costs for lighting sit around $300 and adding in the average price of downlight and pendant lighting your overall cost of lighting in your new kitchen will sit around $900 to $1500.
Costs of appliances vary greatly depending on location and the brand name, though the typically cost of labour when installing a new oven or dishwasher is $300. Factoring in the cost of the appliances themselves and you can expect the overall fit out of your kitchen to sit at roughly $3,000.
The types of materials you choose to fit out your kitchen with will considerably affect your pricing and installation times. Materials like marble take longer to produce and if you’re choosing custom bench tops and lighting you’ll need to wait longer and pay more.
Common kitchen benchtop materials are marble, stone, metal and composite woods – all of which have different price points. Typically a budget kitchen will have composite benchtops.
Cabinetry materials are usually wood, wood veneers or composite woods like chipboard, though aluminum and polyethylene are popular options too.
As for appliances, you’ll have a myriad of different brands and price points to choose from, though Australians seem to favour Miele, SMEG, Breville and Bosch.
You’ll need to do your research and factor in your needs and wants, as well as how you plan to utilise your kitchen to make the most of your budget. If you don’t think you’ll need a dual oven or marble bench tops, then relocate that part of the budget to your dishwasher or fridge and you’ll be able to enjoy a kitchen more suited to you and how you’ll use it, rather than the latest trends.
It will be difficult to accurately plan the price of your renovation just by looking at the materials and estimating labour fees, so the best way you’ll get an accurate price point is to speak with a professional tradesman and have them come and assess your kitchen and give you a quote depending on all of your materials and appliances.
We’ve outlined below what you can expect to get based on a few different budgets.
$5,000 to $7,000
This price point is typically for small kitchens and apartment-sized kitchens that need a bit of an overhaul. With this budget, you can expect new lighting fixtures, replaced countertops, new sinks and taps as well as extra storage space and small appliances.
$8,000 to $15,000
A fairly large budget will see you being able to really change things around in the kitchen. The addition or replacement of splashbacks, new flooring, replacing cabinets, new appliances like ovens and energy-efficient lighting are a few of the things you can expect from a kitchen renovation in this price range.
$15,000 to $25,000
This price point will push you into higher quality materials and a more comprehensive renovation. Marble and stone bench tops will suit this budget, and custom cabinets and additional islands may also be able to fit within this price. High-end appliances and lighting are also plausible in this price range. New flooring and even a new layout can also be designed and implemented.
To make the most of your kitchen renovation focus on highlighting your home’s best assets. This can mean focusing the attention on windows and adding a lot of white space to increase the size of a room and even hanging pendant lighting if you want to showcase a high ceiling.
One of the biggest outcomes of a trendy and functional kitchen isn’t just making your life easier but greatly adding on to the worth of your home. A newly renovated kitchen that adds more to your home than just the necessities and is up to date with all of the latest trends can boost your home’s value by over $50,000, depending on the market.