How much does a kitchen renovation cost? This is the first question that comes to mind when planning a kitchen renovation. Unfortunately, there is no simple answer.
A lot of different factors will affect the end price. They include the kinds of materials that will be used, what state or territory you live in, the appliances you’ll add and the size of your kitchen. On average, the cost of a kitchen renovation in Australia is roughly $17,000 to $20,000.
Here is a rough guide to how much your kitchen renovation will cost depending on your plans:
Budget upgrade: $5,000 to $15,000
A renovation that costs around $10,000 can give you a kitchen update including some new appliances, new light fixtures, new plumbing, new cupboard knobs, stone benchtops, freshly painted walls and cupboards and a new stove splash back.
Standard upgrade: $15,000 to $30,000
With this price range, you can upgrade all your kitchen appliances and make some simple changes to the structure of the kitchen such as adding new flooring, replacing countertops with better-quality materials, new cabinets and cupboards, relocating light fixtures, and even adding a new kitchen island. However, the floor plan will not greatly change and the major features of the kitchen will still remain the same.
Prime upgrade: $30,000 and above
A more expensive kitchen renovation can provide a new layout for the kitchen like adding or opening up a wall, new hardwood flooring, heated flooring, custom-built cabinets, installation of high-end appliances, new windows, and a lot more. Another difference between a standard and a prime upgrade is the materials used. Materials here are more durable and high-end.
Planning a kitchen renovation can really be costly. Ask for a quote from your builder or contractor so they know how much they can work with and you can avoid going over budget.
Financing your home renovation project is another thing to think about. Ask your lender which option is most suitable for your situation.