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.
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: