Taking the plunge and committing to a kitchen renovation is an exciting time. Upgrading this important part of your home can allow you to improve functionality, declutter your space, and enjoy the room you spend so much time in. However, before you start your kitchen renovation journey, there are a few things to think about. The first is your kitchen renovation budget.
Budgeting effectively can help you take a more measured and organised approach to your kitchen transformation and better inform your decisions. When you take the time to develop a comprehensive budget, the entire process can be much less stressful, allowing you to focus on bringing your dream kitchen to life!
How much to renovate a kitchen?
There is no hard and fast rule for how much it costs to renovate a kitchen. A lot of this will depend on the choices you make and your own personal tastes. So, there are a few things to think about if you want to develop a reasonable budget.
How to budget for a kitchen renovation
Here are key things to consider.
1. Decide if you want to DIY or invest in kitchen experts
Though some like the idea of DIY, the reality can be difficult. It’s no secret that DIY renovations are stressful, so it can be worth leaving it to the experts. This allows you to tap into the knowledge and experience of professionals, who can not only help you install your new kitchen, but design it as well.
Plus, you can rest easy knowing everything is compliant with building standards, and even save the expenses you might incur if something went wrong during DIY.
2. Think about your priorities
What is it you want to achieve from your kitchen renovation? Maybe you want a complete remodel, or just a few small updates. Maybe you want to maintain your layout or completely change it up.
What about the function of your kitchen? Do you want to create the perfect entertaining space, or construct a kitchen ideal for a big family?
Figuring out your kitchen goals can help you plan how to approach your renovations, including how much you will likely need to spend overall.
3. Invest in the most important elements
Once you have decided on your main priorities, it’s time to determine the most important aspects of your kitchen. This will help you figure out where you can allocate more funding, and where you can potentially spend less.
For example, you might want a statement splashback but are okay with your existing benchtop. Or maybe you’re okay with spending less on your cabinets for the sake of luxurious tapware or handles.
Write down which parts of your renovation you value the most and conduct some research into the associated costs. That way, you can devote the right portion of your budget and determine which areas are most essential if something unexpected comes your way.
4. Make clever design choices
By being strategic with your designs, you can free up extra funding that could be spent elsewhere. Here are some of the ways you can get a new look for less:
- Enhance your existing kitchen structure with upgrades to your doors, handles, benchtops and splashback.
- Keep your cabinets but replace the doors for an easy way to refresh the space.
- Find ways to increase your storage options so things look less cluttered and more seamless.
- Use white to help your kitchen feel light, crisp and clean.
By making these clever design choices, you can allocate more of your budget to your high-priority elements.
5. Consider your payment options
By improving your cash flow, you can make a greater investment and expand your budget. There are financing options like loans, credit lines, or refinancing, just be sure to account for interest and other associated fees.
Some renovation providers offer finance options, such as our partnership with Humm90. You can apply for this interest-free finance option online, and make repayments on your terms without needing to make a deposit. Ask your chosen renovation partner about what they offer.
Once you understand how you can pay for your upgrades it can help you figure out how much to commit to your kitchen renovation budget.
Make your dream kitchen happen with DDK
Whether you have a comprehensive budget laid out or need a little help finalising it, DDK is here to help you get the kitchen you deserve at prices you can afford. Whether you want a full renovation or a simple kitchen facelift, we can make it happen.
Enjoy a free consultation with our kitchen designers, where you can create a plan and determine what’s possible within your timeline and budget. Then, we get to work creating your dream space. Contact us today to start your journey.