Good budget for a kitchen renovation?

[icebearforpresident]

I know this is a ‘how long is a piece of string’ type of question but I’m curious to get a range of opinions.

I am about to receive an inheritance following my mums death, it’s a substantial amount of money, to me anyway, and more money than I ever thought I would receive.

We have just moved house and the plan was always to put some of the inheritance towards renovating, the house hasn’t been touched since the 80s, with the rest going towards the mortgage and savings for the kids.

First on the list is the kitchen, including knocking through to the dining room. We have an estimate from an architect for their fees and are meeting a designer next week.

Budget wise I’m thinking about £20,000 for everything, so the actual kitchen, fee’s, new joists (load bearing wall) and appliances. Ideally I would want to spend less and don’t want to spend more unless we absolutely have to. Those of you who have undertaken similar projects, does this sound doable?

Does that include VAT?

It sounds ok but not generous. There will be a lot of trades involved. I would say the breakdown below which totals £20k will give a basic finish. If you can do bits yourself you could save a little.

Electrics £1.5k
Plastering £1k
Decorating £1k
Knocking through and beam £3k
Plumbing £1k
Windows ?
Flooring £2k (more if need to level and depending on finish)
Appliances 3k
Kitchen units £4k
Kitchen worktops, sink and tap £2k
Kitchen delivery and fitting £1k
Clearance/dispoal 0.5k
Total 20k

That’s really useful, thanks @Indigopearl

My father in law is a plasterer to trade and handy with most things. Things like tiling, plastering, decorating we could do ourselves. We don’t want to scrimp and save on it, this is the forever house and we’re happy to spent the money to get it right but we both feel strongly about to paying as much of the mortgage as possible, we’ve went from having 12 years left at the old house to 33 years on this one. £20k on the kitchen means paying off enough on the mortgage with what’s left to take it back down to the 12 years we had.

Op always check prices with DIY kitchen as base line so you know how much everyone else is charging.