According to Realestate, your renovations costs should not exceed 5% of the purchase price of your house. This means that a typical renovation budget in Australian homes should not be more than $ 25,000 (based on a mean price of $ 544,800 for residential homes in the June quarter, 2014, according to data provided by the Australian Bureau of Statistics (ABS)). In order to avoid overspending, you should first have a pretty good reason why you actually want to remodel your house and more specifically your kitchen.
Here is a sample of sound reasons for remodeling your kitchen:
1. Improving Functionality
It really does not make any sense at all to have a kitchen that is of limited use or no use at all. You would rather even go without having any kitchen. Functionality is a key aspect in any room, particularly the kitchen.
Answering these questions will help you identify issues of limited functionality:
– Is there enough space for everyone involved in food preparation?
– Are there enough storage units for all items?
– Is it easy or difficult to move around?
– How easy or difficult is it to prepare food?
2. Enhance Safety
Safety is a critical consideration for any design feature. You must ensure that the risk of accidents is eliminated or at least reduced to a minimum.
When evaluating the level of safety in your cooking area, various aspects must be considered, including:
– Air quality: the room should be well-ventilated.
– Temperature: excess heat can affect performance, as well as health of anyone present.
– Humidity: Damp conditions would also affect people's health.
– Physical structures: proper placement of fixtures and appliances is necessary to avoid accidentally bumping into them and hurting yourself.
3. Improve The House Value
Cooking areas play a crucial role in influencing the decisions of house buyers. If you're planning on selling off your house, a good kitchen remodel is sure to enhance its value.
According to Realestate, well-planned and properly executed renovations have the potential of adding as much as 10% to the house value. This means that a $ 20,000 renovation on a $ 437,500 home can add as much as $ 40,000 on the value of such a property. This is especially so if it has been under your ownership for a period of 5 years or more.
4. Proper Storage And Organization
Although the aspect of storage falls under functionality, it describes further in-depth analysis. New advances in storage facilities means that you can benefit from more user-friendly features that allow better utility and productivity.
Storage facilities are no longer just limited to food items and utensils. You can also conceal appliances within special units. Such appliances as dishwashers, microwaves and fridges can also have particular storage units to accommodate them within a seamless layout.
5. Energy Efficiency
The aspect of energy efficiency can never be overemphasized. In fact, you should be constantly assessing the energy use within your cooking area, to identify areas of improvement. Moreover, any investment you put into energy efficient appliances is sure to save you a lot more expenses that you might have with less efficient appliances.