Kitchen renovations: 5 tips to save you money
Kitchen renovations can be daunting, often involving huge sums of money. However they have the potential to add significant value to a home. So how do you build your dream kitchen, while keeping an eye on the bottom line? We look at five tips.
In Australia, the average kitchen renovation costs around $17,226, although you can spend well over $75,000 depending on the scope of the project and materials usedi.
But money spent on a kitchen isn't lost: experts say kitchen renovations are one of the highest value-adding renovation types in Australia, and home owners might recover 75 to 100 per cent of project costs on selling the propertyi.
Here are five ways to keep costs down.
1. Leave the floorplan in place where possible
It can cost thousands to move electrical cabling and plumbing, especially if the plumber has to work with a concrete floor. Consider leaving fixtures - especially the kitchen sink - in their existing positions to avoid the extra costsii.
The same goes for tearing down load-bearing walls, which may also have pipes or cabling running through them. If the kitchen is too cramped, consider a wall cut-out instead of removing the entire wall, or look for new, well-designed cabinets that could help free-up more room in the existing spaceii.
2. Consider cheaper alternatives to luxury materials
While a granite countertop looks luxurious, you may find that laminate or the more rustic-looking butcher block does the job just as welliii. Alternatively, consider tiles instead of a full stone slab; tiles are cheaper to buy, and somewhat easier to replace if damagediv.
Similarly, vinyl or laminate flooring may take the place of floor tiles for a fraction of the cost, and an acrylic splashback may be a cheaper alternative to glass or tiling the wallv.
3. Dress up what you've got
Take a good look at existing kitchen components: there are some great ways of giving old cabinets a whole new look at minimal cost.
Resurfacing and repainting cabinet doors or adding new knobs and handles is a great first step that doesn't require a great deal of DIY expertiseiii.
Adding little pieces of carpentry can also do wonders. A bun leg on each corner of a cabinet can make it appear freestanding while adding skirting along the base of furniture can make it look built-iniii.
4. Consider a flat-pack kitchen or components
Cabinets typically make up a third to half of kitchen remodelling costs and custom cabinetry tends to be the most expensivevi, at about three times the price of off-the-shelf cabinetsiii.
Consider pre-made components. A flat-pack kitchen can cost less than $3,000 (excluding appliances)vii for example, although you may have to hire professional tradespeople to help with installation.
5. Renovate in stages
If you're doing up your kitchen as an investment, it may be worth installing higher quality products and completing the project over several phases to keep the cost of each phase manageable.
To do this, consider keeping existing appliances in the new kitchen. Most appliances come in standard sizes, so you should be able to build around an existing fridge or dishwasher and upgrade laterviii.
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