We talked about how renovating your kitchen can increase the value of your home in a previous blog, so it's no wonder that this room is one of the most popular rooms to renovate. Not only does it yield a high return on investment but you also spend much of your time at home here too so you want it to be perfect.
While it's an easy decision to make when choosing what to renovate, how much to spend on it is a different ball game. This blog aims to help answer the question "how much should I spend on a new kitchen?"
On average, a kitchen remodel costs £18,500 or approximately £120 per square foot.
Of course, this doesn't mean that everyone needs to pay this amount every time they want to update their kitchen. The price depends on many factors - including the size of the kitchen, the quality of the materials and the complexity of the job.
Taking these factors into account, most homeowners spend between £10,000 - £30,000 (or £60-£200 per square foot) on average to renovate their kitchen.
When thinking about how much you should spend on a new kitchen, think about what you want to change or update first. This will help determine how much money you will need to put aside for it.
Here is a basic guide to help determine the price of a renovation:
Hopefully, now you should know roughly how much a kitchen will cost you. Like many people, however, you may end up spending more than you originally planned to.
This comes down to your budgeting.
To help you not overspend, here are some quick budgeting tips:
Any money you spend on a kitchen renovation is money you can expect to see back in higher resale values. So, whether you're building a new kitchen, renovating an existing kitchen or making a few updates, you're making a sound decision.
Need advice on what option is the best for your needs? Then please don’t hesitate to contact us.
As a kitchen designer, I love creating a stunning space that lasts where life is easy and memories are made! So, if your kitchen needs upgrading, modernising or that much-needed breath of life, let’s have a conversation and see what you could do with your space.
Emma Reed – Kitchen designer – 01792 712000
Kitchens by Emma Reed is an Introducer Appointed Representative of Social Money Ltd t/a Dopple, a company registered in England under company number 08054296, and is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number 675283. Registered with the Information Commissioner's Office under reference number ZA026178.