Your ultimate cost guide when you are planning for your home renovation

There is no denying that there are a lot of considerations that you have to take into consideration when you are considering to renovate your home. It can be to the point where it gets too overwhelming and you might start stressing out about whether or not you will exceed your budget.

Fret not as this is a guide that will better help you plan your renovation budget.

It is always good to have a rough gauge of how much your usual home renovation cost. This way you will have a better idea of the range in which your home renovation will cost. This includes the type of design that you are considering and the the floor space and housing type that you have.  

When you are looking at a brand new house such as a BTO flat, which would be unfurnished, the odds of your home renovation costing more would be higher. This is because your renovation cost will then include carpentry, wiring and flooring as part of the basic foundation for your home renovation.

Whereas, if you are looking at housing such as resale, EC or condominiums, your renovation cost could be lower as more often than not you can save on renovation cost such as flooring, and on carpentry.

Though, of course with resale homes, you will need to take into consideration the condition of your flooring, and other structural works such as electrical wiring and plumbing. With older homes, there is the chance that you might have to replace your flooring, re-wire your electric wires and upgrade your plumbing system. This will of course add to your home renovation cost and budget. These are features that you should not skimp on or ignore as they could cause more problems for your new home or potentially be a safety hazard.

 The rough range for doing your flooring, rewiring and plumbing would be around $20,000 to $30,000, but of course with a larger floor plan, the cost of these structural work will increase. Below would be the rough cost break down for the common features for home renovation.

Common Features For Home Renovation

Property type  

HDB/ BTO flats: $40,000-$60,000

Condominiums: $30,000-$50,000

Resale houses: $50,000-$80,000

As mentioned, you will notice that the renovation budget for resale homes are generally more expensive compared to HDB and condominium houses. The renovation cost that has to be factor in also includes the possible need to hack certain features down and other stuff that has wear and tear, but the main bulk of the cost being flooring and structural work as aforementioned.  

Interior Style

  • Scandinavian: $45,000

  • Contemporary: $51,000

  • Industrial: $51,000

  • Modern: $52,000

  • Minimalist: $55,000

As seen from the cost estimate given above regarding interior styles, if you are looking to save a bit of money and possibly keep to your budget, the go-to choice for your interior design would be to go Scandinavian.

The reason why Scandinavian styles could help you save some extra cost is because with the Scandinavian look, you are using loose pieces to make up and add to the design of your house. The Scandinavian look also aims for simplicity and minimalist design. This not only helps you save on overly complicated and excessive carpentry but also aims to use as little furnishing to as design pieces for your home. By going for the Scandinavian look, you are also maximising natural light to brighten up your home, this will greatly help you to save cost in needing to add more lighting and wiring to light your house, which is costly with the wiring work.  

Flooring

Price per square foot

Vinyl: $3.50-$6.00

Laminate: $5.50-$8.00

Tiles: $9.00-$12.00

Cement Screed: $15.00-$30.00

Hardwood: $30.00-$50.00

In light to better keep to your budget or if you just hope to save that extra pennies, you can always consider choosing either vinyl or laminate flooring.

With technology these days, vinyl and laminate flooring have greatly improved their durability and have become a popular choice of flooring material for many homeowners.

One of the benefits of getting vinyl and laminate flooring is that you are emulate the look of say a solid hardwood flooring or even tile flooring but at a much more affordable price.

You can read up on the various flooring cost from this guide.

Carpentry

Living room

TV Console: $130.00-$250.00

Storage: $150.00-$260.00

Cabinet: $165.00-$285.00

Bedroom

Bedside Table: $140.00-$250.00

Wardrobe: $295.00-$340.00

Bedframe:$825.00-$1,125

Kitchen

Wall Cabinet: $130.00-$250.00

Countertop:$135.00-$190.00

Study room

Table: $130.00-$260.00

Bookcase: $165.00-$285.00

The above cost estimates are from Qanvast

 

Unique built-ins sure make a statement in your house but so do they on your wallet. Odd shape or circular carpentry requires a great deal of workmanship and thus amount to a higher price tag.

If you want to save those extra dollars then opt for simple linear work or less built-ins. Those are not only are more friendly on your pocket but can still make your house layout standout.

You not only save money doing the work yourself but it is also easy to maintain and you can switch up the look of your wall as and when you like. Who doesn’t love easy maintenance.

Feature walls can not only be extremely pricy especially if you get a customised design, but you might even get bored of it after a while.

By opting for just simple painted walls or decorative pieces, gives you the freedom and option to switch up the look of your room as and when you like, but at a lower cost as well.

It is always good to hire an interior designer that is transparent with all the possible cost for your home renovation to avoid having unexpected cost that you face once the bill comes.

A good tip will be to have a clear idea of what you want and do not rush into the first contractor that you see. You should take your time and scout for the most suitable interior designer.

Swiss Interior