How Much Does a Kitchen Renovation Cost?
Almost everybody dreams of having a spectacular kitchen, complete with all the design elements and gadgets that modern gourmet kitchens come with these days. While dreaming about such amazing kitchens is easy, having your current kitchen renovated to fit the dream isn’t that simple. Aside from the kitchen renovation cost, you have to consider a lot of other factors before the dream can become a reality.
How can you bring your dream kitchen to life? How big of an impact will the cost of kitchen renovation have on your plans? This article will tell you what you need to know about renovating your kitchen – from costs to reasons for renovating to pre-renovation must-dos and more.
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Why You Should Renovate Your Kitchen
Now, there are many reasons why a kitchen renovation is a good idea. Here are some of them:
- Improve your home’s overall value
- Make your kitchen more beautiful and enjoyable to use
- Increase the functionality of your kitchen
- Fix and update a kitchen that’s falling apart
- Help you save money on your energy bills
Whatever reasons you may have for getting your kitchen redone, you should know that your motive for doing this is just the first step in the process. There are a few other considerations you need to make before you get a project like this moving forward. These include the kitchen renovation cost, the design, choosing the contractor, and many more.
Calculating Your Kitchen Renovation Cost
It’s time to address the question, “How much does a kitchen renovation cost?”
The answer isn’t as straightforward as you might hope since there are a lot of factors to consider. For starters, you need to think about how big your current kitchen is and if you’re planning on expanding it or keeping it the same size. Ballpark figures as a guide for the cost of kitchen renovation are as follows:
- A budget kitchen renovation will have an average price range of $20,000 to $30,000.
- A standard kitchen renovation will have an average price range of $30,000 to $45,000.
- A high-end kitchen renovation will have an average price range of $45,000+.
Another factor that can also affect your kitchen renovation cost is the quality of the materials you’re planning on using. The appliances you’re planning on incorporating into the remodel will also play a huge part in increasing or reducing costs.
There are also a few other variables that will have a significant impact on the final cost of a kitchen renovation. These include the following:
- Labour costs
- Job complexity
- Flooring choice
- Special kitchen dimensions
- Duration of renovation
- Project management
Some of these factors will be discussed at length further down in this article.
Things to Do Before Embarking on a Kitchen Renovation Project
Before you start going through catalogues and imagining what your new kitchen will look like, some planning is in order. There are a few steps you need to take before getting that kitchen worked on, and these steps include the following:
Estimate the cost of kitchen renovation
Create a budget that you know you can reasonably afford, then add around 10% to it as a buffer to cover any surprises along the way. When estimating your kitchen renovation cost, include a high and low option for all the materials you need for the remodel. This will leave you with enough options for when you do begin work on this project.
Figure out what payment option you will use
There are many options you can turn to when you’re planning on renovating your kitchen. Which one you eventually choose is dependent on the overall cost of the project. The options you have for funding your kitchen remodel include saving cash, your credit card, a personal loan, and refinancing your home loan to access equity. If you’re thinking of taking out a loan for this idea, make sure to apply ahead of time and get approval before breaking out the sledgehammer.
Choose a design, layout, materials, and appliances
This is the fun part! Picking out the new look of your kitchen and finding the appliances, flooring, and other materials you will use is pretty much like shopping! You can get ideas from magazines or check out the latest kitchen renovation trends to get an idea as to what you might want to do. You can also visit Craftbuilt’s kitchen showroom to see ideas in real life and get expert advice in real-time.
Set a timeframe and hire professionals for the job
These two will work hand-in-hand, primarily because how fast your contractor works has a bearing on how long your renovation will take to finish. Craftbuilt Kitchens has been in the industry for over 45 years, we have built a reputation for doing kitchen renovations Brisbane homeowners love and appreciate.
To find out the timeframe of such a project, you should talk with one of our renovation professionals.
How Much Should You Spend on a Kitchen Renovation?
How much you spend on your kitchen reno is dependent on what the remodel is for. Is it for you and your family’s needs? Is it to fix something that’s broken? Is it for aesthetic purposes? Or is it to increase your home’s resale value?
It’s becoming increasingly common for homeowners to buy a property with the intention of living in it for a few years before renovating and selling it in the hope of making a profit. If this is you, then it’s important to consider how much to allocate for a kitchen renovation.
Real estate experts suggest that you should spend no more than 10% of your property’s total value on a renovation. Since your kitchen may not be the only part of your home you’ll want to fix up, how you choose to allocate those funds (what percentage you spend on the kitchen) can impact your potential return on investment (ROI).
Online platform Open Agent reports that with a kitchen renovation, homeowners can resell homes faster and can typically add up to $40,000 to a home’s overall value. This is thanks to the (cliched but true) fact that kitchens and bathrooms sell houses.
What is the Average Kitchen Renovation Cost in Brisbane?
According to the 2022 HIA Kitchens and Bathrooms survey, the building industry saw a massive surge in the number of kitchens and bathrooms installed in new and renovated homes. Finishes and appliances that are swankier are trendy now because the market is currently dominated by owner-occupiers instead of investors.
This has resulted in a kitchen renovation cost hike since more materials are being sourced to accommodate the rise in homeowners wanting to renovate their kitchens.
As of January 2023, the average cost of kitchen renovation ranges from the smallest, budget style kitchen $10,000 to bigger, higher quality kitchen renovation of about $50,000. Your total project price will vary depending on whether you opt for a budget, standard, or high-end kitchen renovation. Some high-quality kitchen renovation projects can go as high as $100,000, especially if you opt for luxury kitchen appliances and materials.
If you need help estimating these kitchen renovation costs, it’s best to hire a local kitchen builder. They can provide you with current market prices and will advise you on all aspects of the renovation project.
What Determines the Cost of a Kitchen Renovation in Brisbane?
To give you a better idea of the kitchen renovation cost Brisbane homeowners may have to cover, here is a breakdown of the factors that play a part in such a project.
Kitchen Size
A small kitchen will require fewer materials (kitchen cabinets, tiles, etc.) which means that it’s often possible to select higher-quality finishes without drastically impacting your budget. A larger kitchen, on the other hand, means more materials and more labour so, naturally, higher cost.
Kitchen Cabinetry
Kitchen cabinets are often one of the first design details that you’ll notice in a kitchen. The price of cabinetry will vary depending on the style, material, and quality you choose. Custom cabinetry gives you more options to choose from and can come in higher-quality finishes. With that said, you should expect to pay more for these than you would when you opt for stock, standard, flat-pack kitchen cabinetry. Savvy homeowners prefer the quality and longevity pay off for the initial higher cost than having to replace cheaper items down the line.
Kitchen Benchtops
Benchtops are now available in a wide range of materials, including timber, laminate, and concrete. Other options include stainless steel, engineered stone, granite and marble. A good-quality laminate benchtop will have an average price of $350-$650 per square metre, while a marble benchtop may cost $800-$4,000 per square metre.
Kitchen Layout
Two kitchens that are the same size and use the same materials can have very different costs, depending on the layout that’s selected. Take note that changing the existing layout of your kitchen will increase renovation costs since the current plumbing, electrical and gas connections will have to be altered or moved to fit the new layout.
Kitchen Appliances
In addition to your standard oven, cooktop, and rangehood, the list of kitchen appliances you can have in your kitchen can now include a lot of new stuff – customised dishwashers, inbuilt coffee machines, and steam ovens are just a few examples of these. Your appliance budget will depend on how many appliances you choose to have. You also need to factor in the quality of the equipment to the cost.
Kitchen finishes
Finishes include all the smaller items that make up the finished kitchen. These include the kitchen taps, the sink, the splashback, and tiles. Drawer handles, door hinges, lazy susan-style storage, and other hardware are also added to this list. These smaller items allow for a lot of variety in terms of design, usability, quality, and cost.
Kitchen work quality
Going DIY on your kitchen renovation may save you a little money in the short term, but it can lead to higher costs later, should something start to go wrong. For a kitchen renovation that looks fantastic and can last a long time, it’s well worth investing in the work of experienced professionals.
Need some great kitchen design ideas?
If you’re looking for kitchen design ideas for your home in Brisbane, then you’ve come to the right place! Here at Craftbuilt Kitchens, we know a thing or two about the kitchen designs that Brisbane homeowners are sure to appreciate.
Whether you’re planning a complete overhaul of your kitchen or just looking to update part of it for aesthetic reasons, we’ve got plenty of kitchen design ideas to help you get started. Check out our gallery to see what we can do and what can work for your own kitchen.
You can also visit our showroom to check these designs out in person. This is a great way to get some inspiration for your own kitchen. You can browse through the many different kitchen styles we have and see what elements you like best. Once you’ve zeroed in on a few specific kitchen design ideas, you can start planning your kitchen reno project!
Our kitchen design experts can help you plan every aspect of your kitchen renovation – from choosing new appliances to picking cabinetry to designing a layout to installing lighting and more. We’ll work with you to create a kitchen that’s not only beautiful but also functional and efficient.
For a kitchen renovation quote that’s tailored to your needs, contact our experienced kitchen design team at Craftbuilt Kitchens. We’ve been completing kitchen renovations in Brisbane for over 45 years, so rest assured that we can help you design a new kitchen that suits both your style and your budget.
To check out our kitchen showroom, book an appointment by clicking the button below.
