House prices vary hugely across the UK by region, but are renovation prices also affected? The cost of a kitchen differs widely throughout the UK. From disposable income and the size of a home to the size of a kitchen and the extravagance of appliances, the budget and subsequent cost of a kitchen renovation can range from hundreds to thousands of pounds. But what about the region? Does that also affect kitchen prices?
According to the Office of National Statistics (ONS), in 2015, Kensington & Chelsea and Hammersmith & Fulham was the local area with the highest gross disposable household income (GDHI) per head (£52,298), more than two and a half times the UK average. Haringey and Islington sat in the top ten (£27,153) and Nottingham had the lowest GDHI per head (£12,779). Your overall monthly income will affect how much disposable income you have, and a higher disposable income gives you more opportunities to invest in a bespoke kitchen design.
The Telegraph, with the help of estate agents Savills, mapped out where the largest homes were being built in the UK in 2015. Their findings showed Oxford and Bournemouth to be the top two areas with the smallest new-build homes. Guildford and the New Forest were placed in the top ten areas with the largest new-build homes, averaging at 146 m² and 141 m², respectively. One of the best parts of developing a new-build property is reaching the stage of choosing the kitchen and bathroom suites. Often the most expensive investments, the kitchen and bathroom provide homeowners or developers with the opportunity to add a splash of luxury into the home.
For many homeowners, the kitchen is the heart of the home, and consider it a multi-purpose space for the family. Open-plan kitchen designs have helped create spaces that homeowners can use for more than just cooking. From hosting parties and having family dinners, to breakfast and homework stations, the open-plan kitchen has almost limitless purposes. And what’s more, open-plan spaces have the potential to make you money, too. Research conducted by the National Association of Estate Agents revealed that opening up space and kitchen makeovers are within the top four home improvements that will add value to a property.
The English Housing Survey found that the average kitchen was around 10m² in area, although 5% were smaller than 5m² and 16% were larger than 15m². Not surprisingly, kitchen size varies considerably with the type and size of the property and so, larger kitchens generally require more furniture. If an investment is made in the quality and durability of cabinets, the renovation will cost a little more than selecting lay-on-door styles.
With all things considered, the average cost of a kitchen varies and region plays a small role in helping you decide on how much to spend on your new space. Instead, the cost can be broken down by house price, house size, and homeowner income. According to the 2017 Kitchen Trends Report from Houzz, the average budget and spend for kitchen renovations in UK homes is between £10,001 – £25,000, with 22% of homeowners spending between £25,000 – £50,000 and 10% spending over £50,000.
disposable income and the housing region are the main factors which influence the average cost. It goes without saying that a bigger house, with a bigger kitchen, is probably owned by someone who earns a larger salary and therefore spends more on a kitchen renovation, than someone living in a small, one-bedroom flat. However, it’s wise to also be aware of the costings of extravagant appliances, the finish of the cabinets and the construction of the furniture, as these will also affect the end cost of a new kitchen.