Before your renovate your kitchen get an idea of the costs whether its a budget, standard or luxury remodel.
A complete kitchen renovation is a big commitment for any homeowner. It requires careful planning as well as an understanding of the financial resources required for the project. While materials will constitute the majority of your costings, direct labour and installation costs are also major considerations for your budget. From budget to standard and premium renovations, the costs of revamping your kitchen will vary significantly depending on the location, size and condition of your property as well as the quality of materials used.
The intended use for the kitchen will help forecast your budget planning. If you’re a cooking enthusiast, you may opt for higher end appliances with standard fittings, whereas if you’re more concerned with the aesthetics of your kitchen, you may spend more on upgrading cabinets and floors, as opposed to appliances.
While some jobs can be done through DIY projects, it is recommended that you consult licensed professionals such as kitchen renovation specialists, architects or carpenters before embarking on your renovation project. According to the 2016/17 Kitchen and Bathrooms survey, the average cost of a complete kitchen renovation in 2015 was on average $21,862. In this cost the average cost of trades for a kitchen renovation is $56 per hour, however, this cost can vary significantly depending on the extent to which a kitchen needs to be altered and which state or territory you are in. With the full range being between $50 per hour up to $77 per hour and this is for labour alone you then need to add the costs of installation and appliances.
Typically, kitchen renovations can be segmented into three categories: budget, standard and premium. According to the American Institute of Architects study, a basic kitchen renovation costs $23,061, a standard renovation costs around $41,800 and a premium kitchen renovation is estimated at approximately $68,961. These estimates vary between low, standard and high renovation costs depending on the materials used, as well as the labour and detail of work required. These costs include all new appliances, installation, plumbing and electrical work.
Kitchen Renovations at Different Price Points
Before remodelling the kitchen, you should do some research into the material and installation costs to help plan for your renovation. It is recommended that you choose materials, appliances and fixtures before you begin the project to ensure that you stay within the parameters of your budget. A budget upgrade may involve simple additions to the kitchen such as new cupboard knobs, light fixtures, or adding a tile splashback. This type of kitchen upgrade will generally include DIY projects where the shell of the kitchen, such as the floors and ceiling, will remain in tact. Building expert Luis Dominguez confirms that a budget kitchen renovation would generally involve basic upgrades to the existing structure:
“You’d probably change the light fittings, upgrade appliances or even install new stone benchtops to give the kitchen a facelift.”
While a budget kitchen renovation is estimated to cost between $10,000 - $22,000, Luis says there are ways you can get better value-for-money: “You can find cheap DIY kitchen kits with all appliances from Bunnings or Masters for around $5,000 which can be easily installed. But it goes without saying that the overall finish won’t be as good as a custom-made kitchen built and installed by a professional cabinet maker.” It is critical that you choose your materials wisely by observing warranty terms and opting for reputable brands, Luis explains: “I would always recommend paying a little more for appliances with extended warranty periods and sourcing quality materials such as laminate or Formica doors which are much cheaper and more durable than polyurethane.
Get More Luxury for Less
If you’re after luxury at a budget price tag, there are several ways you can minimise your costs:
- Leave your plumbing and electrical outlets in their current position to save on plumbing and installation costs.
- Choose an acrylic splashback instead of expensive wall tiles.
- Opt for vinyl flooring rather than costly ceramic or porcelain tiles.
- Keep some of your existing appliances as long as they are still in good working order.
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Written By: Luis Dominguez, President of Domingil Property Solutions