How to Plan Your Kitchen Renovation Budget

July 19, 2016

How to Plan Your Kitchen Renovation Budget

What percentage of your Kitchen Renovation budget will be spent on cabinetry?

 20%, 30% or 50%?

Many people do not realise that 30% of their kitchen renovation budget will be spent just on the kitchen cabinetry. This is just the cabinetry. When you add design and installation then 50% of your budget covers these areas.

When planning your kitchen renovation it is important to understand where your dollars are being spent and how you should plan your budget.

 

 

When planning your kitchen renovation the first thing is to set your budget and to make it realistic. You don’t want to be caught at the end not being able to pay your bills or have a half finished renovation.

We will show you how your kitchen renovation budget is generally spent and why is some cases the costs may be more then you expected. We always recommend that you use professionals and that you ask for 3 references before beginning a renovation.

Kitchen Renovation Cost Breakdown

Kitchen remodelling costs break down as follows:

Design fees: 4%

Installation: 17%

Appliances and ventilation: 14%

Cabinetry and hardware: 29%

Countertops: 10%

Lighting: 5%

Flooring: 7%

Doors and windows: 4%

Walls and ceilings: 5%

Faucets and plumbing: 4%

Other: 1%

 

Understanding the costs that make up your renovation is important.

  1. You hire professionals to do your work. Unless you are planning to do all the work yourself then you need to hire professionals, cabinet makers, designers, plumbers, electricians. In a number of these cases there has been years in training and on the job experience.
  2. Plumbing, tiling and electrical are specialised areas. If a poor job is done in any of these areas then you will have problems later on and redoing a renovation or repairing a renovation is certainly one job you don’t want to do.
  3. If you use professionals then they have to have the relevant insurance. We always recommend hiring professionals unless you want to wear the cost of insurance personally.

 

To understand more about why your kitchen renovation budget may be so high then check out the article Why is Remodelling my Kitchen So Expensive

Or

This article further explains the costs of kitchen renovations: Kitchen Remodelling Tips

 

From the break up of the costs of a kitchen renovation then the major factors in your budget is:

  • Up to 50% of your budget will be on kitchen cabinets and installation
  • Professionals require a number of years of training and on the job experience. Generally they will have spent a number of years as an apprentice before they can even achieve their licence.
  • Professionals should have the relevant insurance for their work.
  • We recommend that you get 3 references before you commit to a contractor

Over the years we have seen people start a renovation and then select their appliances at the end of the renovation. Then they are stuck with having to select appliances that do not suit their family or their lifestyle.

We recommend that you select your appliances at the beginning of your renovation so that you select the appliances that suit you, your family, your lifestyle and cooking requirements.

As a general rule your appliances will account for 14% of your kitchen renovation budget.  To help you with the planning and investment in appliances we have made a number of special offers on selected appliance packages.

Check out or special Appliance Packages here.

 




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