6 Factors Impacting Renovation Cost
1. Property Types
Property type, size and remaining lease is a direct factor that influences the cost of renovation e.g. HDB, Condos, Landed, Commercial, etc.
Larger and older properties would demand more materials and labour hours to makeover.
Fun Fact: Condo carpentry work can cost more than HDBs due to higher floor to ceiling height.
2. Scope of Works
The more extensive the renovation, the higher the cost.
Masonry, carpentry, and finishing touches (e.g. painting, windows, doors) are often among the biggest expenses.
4 Room BTO Home Renovation with Extensive Carpentry Works by Molecule Interior💡 Tip: Evaluate whether you can achieve a similar effect with overlays or loose furniture.
3. Materials Selection
Opting in for premium materials may not always be necessary. Know your needs before upgrading e.g. If you rarely cook, having a high-end kitchen countertop may not be a priority.
💡 Tip: Identify and prioritise your “needs” vs. “wants”.
4. Aesthetic Choices and Design Styles
From minimalist to maximalist or modern victorian — your choices of design style will affect the overall renovation cost.
How?
Minimalist designs focus on clean lines and simplicity. This reduces costs due to lesser detailing.
In contrast, maximalist or victorian styles emphasise on intricate mouldings, textured walls and unique fittings, adding to both material and labour costs.
Modern Condo Home Renovation Works by D’ Initial Concept💡 Tip: Focus on essentials first. Consider adding on aesthetic elements gradually after moving in.
5. Appliances, Furniture and Fittings
Although these costs are not typically considered part of your renovation quotation, we find it important to highlight them, as they can easily blindside you!
These costs should definitely be factored into your overall renovation budget planning.
High-end appliances, fittings and bespoke furniture often come with premium price tags due to their custom design and quality materials.
💡 Tip: Determine whether premium items are essential. If they are, plan ahead and take advantage of group-buy deals or sales events to secure yourself a good deal!
6. Your Renovator
Contrary to popular belief, self-managing a renovation project might be more costly than engaging an experienced renovator e.g. double paying for manpower costs or causing project delays.
It’s important to find renovators who are willing to work within your renovation budget and meet other specific needs.
💡 Tip: A good rule-of-thumb is to meet at least 5 renovators.
So… how do you find CaseTrust-accredited renovators who can work within your budget while meeting your specific needs?
👇 Let us help!
