“We are delighted with our kitchen and thrilled that Alternative Kitchens were able to deliver it in the timeframe that we needed, without compromising on quality or project management.”
Kitchens that add value to your home
Along with bathrooms, kitchens are the key feature that can add – or subtract – value from any home. If a kitchen is sub-standard for a home – for example a flat pack kitchen in a premium home and suburb, it can drag down the value that a buyer will be willing to pay at sale. In contrast, a highly designed bespoke solution in an older villa or apartment may be overcapitalising on your kitchen, preventing you from receiving a good return on investment when selling.
Investment percentage
When investing in a new kitchen or renovating an existing one, basing your budget range on the value of your home is a good starting point. Based on our experience and the recommendations of professional developers in the Australian market, a range between 3% to 8% of your total home value should be dedicated to a new kitchen or total renovation. Some indications of spend in this range are:
- Home Value
- 600,000
- 1,000,000
- 1,400,000
- Low Range
- 18,000
- 30,000
- 42,000
- Mid Range
- 33,000
- 55,000
- 77,000
- High Range
- 48,000
- 80,000
- 112,000
Size matters
The price range for your new kitchen will depend not only on the quality of finish and whitegoods that you select, but on the size of the space you are fitting out. A small kitchen, including apartment kitchens or renovations of kitchens in period homes may measure between 6 to 8 square metres. A large entertainer style open plan kitchen in a new build could be over 20 square metres. A larger space will require more materials and labour for cabinetry and painting, while design trends could see you opting for twin ovens or a larger refrigerator to fit the space, all impacting on cost.
Family home or investment
Another factor impacting your kitchen pricing will be your goals for your home. Do you intend this to be a family home for decades to come, or is your aim to renovate and rent out or sell your property for a fast profit? You may wish to make long term investments that suit your personal preferences, such as the professional oven and wine fridge of your dreams, if you are in your home to stay. However, if you are undertaking a renovation in preparation for sale, you might instead choose good standard quality fixtures that will appeal to the market.
Location, location
A final factor to consider is the location and general value and aesthetics of the area in which your home is located. Home buyers who are shopping in a particular suburb are astute and will compare homes on the market on features such as kitchens and bathrooms. If you are investing to increase the value of your home, your kitchen fitout should be on par with other homes in your area. At Alternative Kitchens, we are experienced in providing kitchens for new homes, extensions and renovations throughout the entire Perth Metropolitan Area. We’ll offer you unbiased advice on the level of investment that your kitchen may require, to help you make your decision.
