How to properly plan your kitchen renovation budget

With clever budgeting, you can plan your kitchen renovation right.
cut costs renovation Plan Your Kitchen Renovation

Renovating a kitchen is a more challenging task than a living room or bedroom makeover. Big or small, this place needs to be functional, ergonomic, safe, and visually pleasing. Therefore, it is crucial to plan your kitchen renovation well.

Lately, budgeting is the biggest concern of homeowners who want a plan for their kitchen renovation. 

To cut costs, some people go for cheap cabinetry and bargain building materials. Sadly, you can’t always count on these! ☹️

Don’t skimp on the essentials of your kitchen renovation and never sacrifice the quality of your build to save a few hundred dollars.

With clever budgeting, you can plan your kitchen renovation right.

Here are some tips:

How much are you willing to spend?

Before anything else, you need to decide how much your budget is. Then, stick to it. In Australia, kitchen renovation costs are:

  • For modest kitchens = $18,000
  • For standard kitchens = $25,000-$35,000
  • For luxury kitchens = $40,000-$100,000+

Size affects the price too. Here are the usual prices: 

  • Small (< 8m2) = $11,000-$20,000
  • Medium (8-20m2) = $15,000-$40,000
  • Large (> 20m2) = $30,000-$60,000+

These rates are not exact — a lot of factors affect the final costs of construction. We showed these numbers to guide you and to help you set your expectations. 

kitchen island caesarstone
Image credit: Caesarstone

Still not sure how much your budget should be? Follow the 5 to 15 percent rule. Here, your kitchen renovation must not cost less than 5% of your home’s value and no more than 15%. Spending less than 5% might decrease the value of your home. Investing more than 15 percent of your home’s value, however, might mean you’re wasting money.

Expert tip: Consider the length of your stay in the house after the renovation as well. If you’re planning to sell it within the next five years, make sure your kitchen makeover will boost the value of the property.

Pinpoint your priorities

Ask yourself why you want to renovate your kitchen in the first place. 

Do you want better looking cabinets? Extra storage? New appliances? 

Do you want it to be more functional and ergonomic? Do you want it to be more senior-friendly?

Jot down your priorities, and everything that you need to make this happen. Do this so you’ll know what to focus on.

Break down the costs

Here is where the budgeting comes in. 

Usually, a kitchen renovation budget breaks down to:

  • 35%: cabinets
  • 20%: labour
  • 20%: appliances
  • 10%: windows
  • 5%: fixtures
  • 3%: fittings
  • 7%: decorations

We showed this to give you an idea about which part of the kitchen renovation will take a huge chunk of your budget. In most cases, it is custom made cabinets and the labour of your builders.

Never skimp on the essentials. Try to save money on fixtures, fittings, and decorations instead. 

Expert tip: A drastic change of kitchen layout might drive the costs up, but do it if it presents amazing results.

full kitchen island
Modern kitchen with a streamlined design. Image credit: Richard Powers

Get ready for surprise costs

Chances are, you will encounter unforeseen costs during your kitchen renovation. You might need to change outdated electric wiring or the rotten floors underneath the sink or dishwasher (and more, depending on how old your home is). 

We highly recommend having at least 20% contingency budget for unforeseen expenses

Relocate or stay in — it's your choice

Staying in your home during the renovation will save you money, but it might affect you and your family’s day to day living. Here are some tips to survive the renovation when you live through it.

If you have a child and a senior at home, consider relocating them. Temporary relocation will add extra costs (rent or hotel, storage, moving fees etc.), but this will lessen your stress level. You and your family won’t be exposed to loud construction noises and a dusty home.

bi-level kitchen island
A two-tiered island with an eye-catching design can block the kitchen clutter in an open plan space. Image credit: Marc Sowers’ Bespoke Woodwork

Find ways to save money 

When you are in danger of going over your budget, start looking for ways to save money on construction. 

One way to do it is to look for high-quality yet more affordable alternatives to expensive building materials in your plan. Instead of a marble countertop, consider Quartz or white concrete. 

If your budget doesn’t allow for custom-made cabinets, consider ready-to-assemble cabinets which you can buy from the home improvement stores. 

Consider restoring the original cabinets too. Paint them, apply new finishes, and install new cabinet pulls. If your current cabinets are not worn out, try to refresh them instead of ripping everything out.  

Of course, DIY some of the small tasks. You don’t have to pay someone else for every little bit of work. The most popular DIY tasks are painting interior walls, cleaning, changing outlets and lights etc. If you can do it properly, you can do it yourself.

Getting ready for a kitchen renovation? 

You can design and build a kitchen which you'll enjoy for life — without breaking the bank. 

Do you want to plan your renovation right? Work with the best kitchen designers in Australia! Contact us for a free quote.

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