Installing a new kitchen ranges anywhere from $5,000 to $125,000 and beyond. Price depends on factors like the location and size of your project. While a basement wet bar starts at about $1,000, homeowners pay $100,000 or more for full high-end work. Structural changes, plumbing and electrical work can all impact cost.
The average cost of a new kitchen in the UK in 2020 is estimated at £8,000 (including VAT and fitting). Most kitchen renovations fall between £5,000 and £14,000 all in. However, this can greatly increase depending on the size of the kitchen, the style of the units and worktops, and a couple of other factors.
A useful rule of thumb is a kitchen remodel should cost no less than 5% and no more than 15% of the value of your home. Once you have this number in mind, add an extra 20% of this budget on top to set aside for unexpected costs.
As mentioned earlier, cabinetry usually tends to be the most expensive part of a kitchen remodel. It can cost up to $15,000 even in a relatively minor remodel with a budget of about $30,000. In an upscale remodel, choosing kitchen cabinets can take up nearly 20 to 40 percent of the entire budget.
According to the esteemed real estate agency Savills, you can expect a kitchen refurb to add at least 5% to your property value, and up to 10% if it's in London. If you present a buyer with an up-to-date beautiful kitchen, not having to think about the added costs of remodelling it themselves could clinch the sale.
"Kitchens and baths are by far the most expensive rooms in the house because they are not only finish- and material-intensive (full of countertops, tile, and cabinets), but also carry additional budgetary demands due to plumbing, electric, and mechanical requirements," says Steve Pallrand of design firm Home Front ...
A typical IKEA kitchen costs $6,500-19,000 depending on your kitchen size, the type of cabinets, as well as other accessories and appliances you select. Most homeowners report spending $8,500-14,500 on a complete kitchen from IKEA.
On average, a Wren Kitchen Designer earns in excess of £46,00 a year. However, our commission structure is uncapped. In fact, over a quarter of our Designers earn £60,000 with top Designers exceeding this through hard work and delivering excellence to our customers.
Depending upon the area, requirements, brand and quality of materials, the cost of a modular kitchen may start from Rs 50,000 and can go up to Rs 10 lakhs.
On average, a 10×10 kitchen remodel costs between $15,000 and $30,000 or $75 to $150 per square foot. Most homeowners spend around $17,280 and $32,803 or $80 to $200 per square foot.
The Fiore di Cristallo, hailed as the world's most expensive kitchen, costs a whopping $1.6 million.
Rich, inviting fabrics and materials
Materials or fabrics in a luxury design plan should be durable, yet have rich textures or colors that are inviting and feel fabulous. The ability to expertly mix patterns based not only on color, but also texture, is also a hallmark of luxury interior design.
Bright, white lighting is a quick way to make a room feel washed out and makes any potentially tacky design decisions stand out even more. Dim, minimal lighting, on the other hand, can work in basements but can also pretty quickly make a man-cave feel a bit too much like an actual cave.
Closure of facilities – public services, employment, amenities; if any of these services close, it could impact the value of your house as they're often appealing to buyers. Low school ratings – buyers pay to live in areas with good schools because they want their children to have access to the best education.
But generally speaking, vendors should not bother replacing kitchens and bathrooms. Whichever one you choose may not be the one that Mr and Mrs Buyer will actually want. If this is the case, you will incur unnecessary time, cost and effort. In some situations a new kitchen can even put buyers off.
According to the Royal Institution of Chartered Surveyors (RICS), a new kitchen can add around four per cent to the value of your home.