Recommended Budgets, ROI, and more! –
Gary Cripps Your kitchen is undoubtedly the heart of your home, or more recently, your family’s command centre!
Whether your goal is to increase the value of your home or you just want it to be a better place to live, choosing a renovation or kitchen renovation is one of the best decisions homeowners can make. Breathing in new life in an aging kitchen adds value to the home in different ways.
In our price guide we give you in detail the steps you need to take to plan your renovation and give you an idea of what to expect for the following items:
- Renovation of the main kitchen
- Kitchen renovation in the middle segment
- Renovation of a luxury kitchen
Make a plan
To get the most out of your budget, it’s important to set a budget from the start, know your needs and understand where you want the money to go. Before you buy appliances, tiles or floors, you know what your personal needs and goals are for the result of the renovation. You can then make a list of what you want and look for a contractor.
Recommended budget
The National Kitchen and Bath Association (NCBA) provides a guide to the cost of kitchen renovation to help homeowners set a reasonable budget.
It’s not just about how much you can afford. Too much investment in a housing improvement project can damage the return on investment.
The NCBA advises you to budget for 15-20% of the value of your property.
For example:
250,000 house = $37,000 – $50,000 kitchen renovation budget.
500,000 house = $75,000 to $100,000 kitchen renovation budget.
Once your budget is set, reduce it by at least 25%. Put extra money aside like a pillow to make unexpected surprises much less stressful.
Cost distribution
Here is the NKBA’s guide to the average kitchen renovation:
- Installation of cabinets and equipment : 29%
- Installation : 17%
- Equipment and ventilation : 14%
- Confertops: 10%
- Paul: 7%
- Lighting: 5%
- Walls and ceilings : 5%
- Drafting costs : 4%
- Doors and windows : 4%
- Taps and sanitary installations : 4%
- Others: 1%
set priorities
Once you have a general idea of your budget and what you want, determine your needs and priorities.
Are you planning to resell your house in a few years or is this your house for the long term?
Are you looking for an easy upgrade and refreshment, a complete renovation or a high-end refurbishment?
How much cooking do you need?
What do you like best about your current kitchen?
What don’t you like about your current kitchen?
What is the main function of your kitchen?
Are you an aspiring chef? You can then invest in a butcher’s shop or a professional oven and stove.
Are you having a good time? If this is the case, you can design an open space with dimmable lighting and an integrated counter.
Is your kitchen better suited to let the children do their homework while you prepare a quick meal together? You can then install an integrated desk, easy to clean surfaces and a durable floor.
Renovated for resale
According to the national cost versus value report, you can get a return on investment of up to 78% for your kitchen renovation.
If the house is temporary, you should discuss with a real estate agent the improvements that will increase the resale value of your home.
For example, in most areas where green appliances are installed, lighting and plumbing can increase the value and return on investment.
Conversion for long stays and fun
If this is your home forever, the investment you make is in the quality of life. So create your own space.
Basic kitchen renovation – expected price range: $5,000 TO $25,000
Aim: Update and refresh
Renovating a kitchen can be the most expensive of all home improvements. However, it is possible to give an old kitchen a facelift without breaking the sofa. To reduce costs, keep the original structure of your current kitchen and make simple adjustments.
Example projects:
Replacement of counters : Choose an expensive countertop material, such as granite, quartzite or marble ($3,500 to $5,500).
Reinstall the cabinets: Paint or stain existing cabinets and change appliances. If the budget allows it, replace doors and cabinet fronts ($800 to $2,500).
Replace the pipes: Upgrade tap and sink ($250-$1500).
Painting of walls, ceiling and woodwork : Many homeowners regard it as a do-it-yourself project. However, given the difficulty of painting kitchens, you can leave this task to the professionals. ($350-$1,000)
Lighting: Carry out a basic lighting replacement with existing fixtures. Choose the environmentally friendly option or install under-cabinet lighting with LED light strips. ($50-$250)
Replacement of sockets and switch plates : (5 to 25 dollars each)
Paul: Install cheap laminate floors or refurbish existing floors ($500 to $1,500).
Mid-range kitchen renovation – expected price range: $25,000 TO $50,000
Aim: Removal and replacement
The average kitchen renovation falls into this category. At this stage, homeowners often use the services of chefs, carry out some small projects themselves and leave the rest to professionals. To stay within this price range, the basic structure of the room must be maintained. Remove existing items and replace them with new and improved versions.
Example projects
Cupboards: Make your space more efficient and stylish by installing new storage cabinets ($6,000 to $15,000).
Confertops: Upgrade your countertops with high quality materials such as quartz or granite ($2,000 to $5,500).
Devices: Upgrade existing units with energy-efficient versions ($2,800 to $7,500).
Lighting: Upgrade lighting with modern fixtures. If your budget allows it, add task coverage to your personal office ($1,000 to $2,500).
Water installations : Replace your worn-out sink, faucet and accessories with modern versions, such as B. a single sink, a gooseneck tap or an integrated soap dispenser ($800 to $2000).
Painting of walls, ceiling and woodwork : ($250-$1,500).
Paul: Replace existing floors with laminate or tiles ($1,400 to $3,500).
At a glance: Add visual interest with a tile backsplash ($500 to $1,500).
Renovation of a luxury kitchen – Expected price range: $75,000 TO $100,000 +
Aim: Reconstruction and modernisation
When you’ve found your home forever, it’s time to build the kitchen of your dreams. Make a wish list, find a designer and create the perfect space for the centre of your home. The renovation of a high-end luxury kitchen consists of a complete renovation and refurbishment of the space.
Example projects:
Power of attorney: Remove the walls and open the kitchen to make it habitable and usable, and to harmonize with the rest of the house. (price varies)
Install windows or exterior doors : To bring in more light and expand the space, you will need to rearrange the room, possibly also moving the windows and exterior doors. (price varies)
Cabinets to order: Hire a professional joiner to build custom cabinets, for example. B. made of cherry wood, with soft-closing doors and drawers and cornice ($20,000 to $30,000).
High quality worktops: Instead of having an open counter space without a destination, you need to create work centres. It’s more efficient and aesthetic. Use durable and elegant materials such as natural stone, wood or granite ($7,500 to $10,000).
Built-in appliances to order: These devices are equipped with all bells and whistles, such as. B. a convection oven with a warming drawer, a refrigerator with Bluetooth capability and a microwave drawer ($10,000 to $20,000).
Sink and scale faucet : Depending on your style and needs, you can choose a country sink, a triple sink with integrated draining rack and cutting board, or a nickel-plated tap with pull-out spout ($3,000 to $4,000).
Lighting: Install built-in lighting, cabinet lighting and track lighting ($3,750-5,000).
Paul: For durability, install natural stone or use cork for ecological floors. Create a flowing space by, for example, applying the same floor covering throughout the house. B. Hardwood floors ($3,500 to $5,000).
Painting of walls, ceiling and woodwork : ($300-$1,200)
Add a variety of style elements, such as. B. Wainscoting, background spraying of glass tiles and sockets hidden in cupboards: ($1000+)
With good planning and research, kitchen renovations can be carried out within your budget. If done right, renovating a kitchen can change the look of an entire house. This is an improvement that is guaranteed to increase not only the value of your home, but also your lifestyle.
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