Effect Of Kitchen Remodelling Project On Your Home’s Value

If you are planning to add some pizzazz to your home, think about kitchen remodelling. After all, it is the centrepiece of your home and giving it a new look can spice things up. Also, potential buyers always take a close look at the kitchen space. Therefore, you should definitely consider renovating your kitchen if you have the money.

The Cost of a Kitchen Remodel

It’s not cheap to renovate your kitchen especially if you want to install spacious islands, quartz counters and custom cabinets.

As per the 2018 report published by a reputed magazine in the remodelling space, you can expect to spend around £48,000 for renovating up to 200 square-foot kitchen space with a standard sink and faucet, laminate countertops, an island as well as wood cabinets. You will also get new flooring, lighting and new appliances in this budget.

However, you always have the option of spending a lot more or a lot less, depending on your budget. If you want to have a gourmet kitchen with commercial grade built-in appliances, a tile back-splash, customised cabinets and granite countertops, you can expect to spend up to £96,000.

Renovation Budgeting

In order to successfully complete your renovation project, you need to begin with the budget.

You need to do proper research and create a solid plan before getting started with the remodelling project. Think of the amount of money you want to spend on new hardware, cabinets as well as light fixtures. With a fixed budget, you can keep your remodelling project on track.

Tips for Remodel Budgeting

  • Spend money on things that do not need to be replaced frequently such as cabinetry and appliances.
  • Do not overspend on the renovation project. If you spend too much money on kitchen updates, it is unlikely that you’ll be able to recover the cost, especially in cases where those updates make your home the most expensive in the neighbourhood.
  • If you are not aware of the current prices in your neighbourhood, get in touch with a knowledgeable real estate agent to know more about the current prices.
  • Keep aside 10 – 15% of the renovation budget for unseen expenses.

Saving Money on Kitchen Remodelling

Always have a plan before you begin your remodelling project. After all, you do not want to remove the newly installed counters because you just thought of having a farmhouse sink in your kitchen. Also, spacing out your projects is completely okay if you plan to take care of a part of your renovation project on your own. However, always do the necessary research before beginning. After all, you do not want to add to your renovation costs by having to redo the work.

You shouldn’t have to spend extravagantly in order to update the kitchen.

Here are a few ways to keep the costs down without losing out on the impact you plan to create with your remodelling project.

Cabinet painting or refinishing – In most renovation projects, people get completely new cabinets but it’s not always necessary. You should think of re-finishing or painting the cabinetry to get a new look. If your cabinet faces are outdated by modern standards, you always have the option of re-facing the cabinetry. Re-facing is expensive when compared to painting but much cheaper as compared to replacing the entire cabinetry. Worktops such as Quartz worktops UK are an essential piece to your new kitchens longevity and sustainability.

Tile Back-splash – You can bring everything in your kitchen together by choosing the right tile back-splash and it won’t even cost too much. Expect to spend less than a thousand on material costs. The labour costs for installation aren’t that high but you can always go the DIY route to save more.

Give Your Appliances a New Look – If the appliances in your kitchen are working great but look outdated, take them to a paint shop and get a coat of paint to make them look like brand-new.

Flooring – Vinyl is considerably cheaper when compared to slate floors or real hardwood. You’ll save money with vinyl flooring. Also, you don’t have to compromise too much on designs as you can get modern looks at low cost with many styles available today.