The Effect of Kitchen Remodelling On The Value Of Your Home

The kitchen in your houses in the right place to create a stylish showpiece in your own home. There is no denying the fact that the most important parts of your home when it comes to selling it is the kitchen. Therefore, you should seriously consider remodelling your kitchen to enjoy a remodelled kitchen when you are living in your home.

The Cost of Kitchen Remodelling

It can get really expensive to renovate your kitchen, especially when you add the cost of spacious islands, quartz counters and custom cabinets among other things. As per the Cost vs Value report published by Remodelling Magazine in 2018, a 200 square-foot kitchen remodelling with a standard sink and faucet, dekton worktops, an island and wood cabinets costs approximately £48,000. Keep in mind that it also takes into account the cost of flooring, lighting as well as new appliances.

However, you can always spend much less or much more. For instance, if you imagine a gourmet kitchen with custom cabinets, granite countertops as well as a tile backsplash that is equipped with commercial grade and built-in appliances, you can expect to send approximately £96,000.

Budgeting for Kitchen Renovation

In order to have a successful kitchen remodelling project, you need to first fix the budget.

There are a number of things you need to consider in order to create a solid plan for your remodelling project. It should detail everything you want to tackle in this project along with the money you can afford to spend. Think of the amount you wish to spend on cabinets or hardware or those new light fixtures you have been eyeing. It will help you in keeping your remodelling project on track.

Tips for the Budgeting

  1. When it comes to spending money, consider spending the most amount on appliances and cabinetry as these are the things that aren’t going to be replaced often.
  2. Don’t over improve the kitchen. After all, nobody is going to take a second look at your home in case you spend so much money that your house becomes the most expensive house on the block. Get in touch with an expert real estate agent with knowledge about local neighbourhoods to figure out the typical price in your neighbourhood.
  3. Unexpected expenses are always going to happen and you should always keep 10 to 15% of your budget for these expenses.

Having a fixed budget will give you the necessary confidence to make smart decisions for your kitchen remodelling project.

Saving Money on Kitchen Remodelling

You should have a plan. You do not want to end up in a situation where you have to uproot newly installed counters because you now want to install a farmhouse sink. You need to do your research before starting the project. Spacing out the projects is fine when you are willing to tackle a few of them on your own. After all, it only adds to the cost of renovation when you have to rework the work already done.

Kitchen renovation shouldn’t cost you an arm and a leg. Here are a few tips to help you save money without losing out on the impact a renovation project should have:

Painting the Cabinets – You don’t always have to replace your current cabinets with completely new cabinets. Consider refinishing or painting your existing cabinets to achieve a completely new look. If the cabinet faces look outdated, re-facing the cabinetry is a cheaper yet effective option. It is going to cost more than painting but replacing existing cabinet boxes is always going to be much more expensive.

Pay attention to the backsplash – You will have to spend only a few hundred pounds in materials in order to have a new tile backsplash that brings everything together. Cost of labour for installation isn’t going to break the bank but you can always save money by doing it yourself.

Painting Appliances – Take your appliances out to the local body shop in order to get them painted if those are still in good shape. One of the best ways to save money is to keep using the existing appliances instead of buying new ones.

Consider various flooring options – Vinyl flooring is much cheaper to install as compared to real hardwood or slate floors. These days, you can find a variety of styles that genuinely look like high-end finishes to give you that modern look at low cost.