Your Kitchen Renovation Budget

One of the most common questions asked when considering a kitchen renovation is “what should my budget be?”.

The answer to this depends on a range of factors but the most important consideration for us at ecocabinets is that our customers get the the best kitchen for them and their needs, and is possible within their budget.

Kitchen Renovation Budget Considerations

Before deciding on your budget you will want to consider why you want to renovate your kitchen. For example, is the kitchen renovation primarily for your own benefit and comfort while living in the property, or are you renovating for resale or rental tenants?

If you’re planning on selling your property in the near future then you will want to be careful not to over-capitalise in your kitchen renovation. You will want to focus on addressing only the most important functional and cosmetic features a buyer would expect within the price range of properties similar to yours.

For rental properties, you will want to limit your spend, focusing again on basic appearance and functionality required to attract the type of tenant you are seeking. You will also want to use materials that a hard-wearing and less susceptible to damage.

On the other hand,  if you’re not planning on selling your property any time soon, you may want to invest a little more in your kitchen renovation.

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How Much Does a Kitchen Renovation Cost?

A standard kitchen renovation project can cost anywhere between $15,000 to $30,000, on average.

One of the largest components of a kitchen renovation budget is often the labour cost. If your kitchen design requires relocation of plumbing, electrical and cabinetry or removing walls, then the project will be more expensive.

Premium fixtures, materials and equipment will also increase your overall costs, but may be important for how you will use your kitchen space and how you want it to look.

In both of the above scenarios, you would be looking at a higher-end kitchen renovation which may cost between $30,000 and $50,000.

At ecocabinets, we will work with you to deliver a kitchen renovation customised to your style preferences, lifestyle, and budget. Contact us today to get started.

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