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How To Budget For A Kitchen Renovation?

How To Budget For A Kitchen Renovation?

 

Renovation costs vary, especially kitchen renovations, and there are a number of factors that will influence the cost of any renovation. The size of the job, the type of finishes you prefer, the existing plumbing situation, if you plan to move plumbing, lighting, and appliances. That being said, we can break down typical renovations into three categories – budget, mid-range, and luxury. This will help you plan yours!

A budget kitchen renovation

At the low-end of the scale, for a budget kitchen renovation, you are looking at $10,000 to start. Though the scale and size of the work will dictate just how much it costs, anywhere up to $25,000. If you’re looking for some small kitchen ideas, consider installing basic cabinets, laminate countertops, along with well-priced appliances then you can easily stick to the budget.

You are far more likely to make it under budget if you aren’t attempting to relocate your kitchen to another area of your home. It can get pricey when new plumbing gets involved. Likewise, doing a bit of DIY can also help you fall under budget. Why not consider cabinets you build yourself, there are plenty of sizes and finishes to choose from.

Any type of custom countertop or cabinets is going to bump up your budget so, if that is of interest to you, you’re not looking for a budget renovation.

How much does a mid-range kitchen renovation cost?

As for a mid-range kitchen renovation, you are looking at spending between $30,000 and $50,000. It sounds like a big figure, and it is, but even then you still have to be careful. The finishes that you choose are going to increase the cost of your renovation. That is true of every type of renovation.

You get what you pay for, but, if you have a discerning eye and use it to mix and match your finishes, then you can ace it in the style stakes while still maintaining the integrity of your budget.

Ultimately, on every renovation scale, you can pick and choose where to spend big and where to pull back to keep your renovation under budget. That is true of a budget renovation, just as it is of a mid-range, and luxury.

You might think you can swing a marble finish countertop, but if you want to keep it under budget, why not consider a quartz option instead? It can offer a marble-look finish without the steep price tag.

You can also skip wood finishes or cabinets and opt for a timber veneer. At every stage of your renovation, you can choose the appearance of what you want without paying for the original option. While veneer does chip and peel, it lasts a good decade if you look after it so you don’t need to worry about needing to replace it before your next renovation.

Natural stone, walnut, oak, and marble are all beautiful materials. But, there is no quicker way to eat away at your budget. You can use intelligent lighting and high-end appliances to balance your budget and still create a high-end look.

How much does a luxury kitchen renovation cost?

If you are lucky enough to be able to afford a luxury kitchen renovation, then you are lucky indeed. It will cost a pretty penny, though, as you’re looking at spending anywhere between $50,000 and $100,000.

If you want to go high-end, then know the materials it takes have earned the hefty cost attached to them. Intelligent lighting, real wood and marble finishes, bespoke cabinetry, and that all tallies before you even consider your appliances.

There is a range of kitchens that can fall into a luxury kitchen renovation, including opening up the kitchen space to enlarge it to create an open plan layout. The reason this commands a luxury fee is that a designer has to draw a plan to ensure it can function successfully. There are also high-end appliances to factor in. No one wants to invest in a luxury kitchen and then move in their old, average appliances.

Integrated appliances will increase the cost of your budget, as will gold fixtures and fittings. Any type of bespoke or custom product is going to cost you. The questions you have to answer are, what do you envision in your dream kitchen and what can you afford? There are always tips and hints to help you pull it off and stay under budget.

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