How Much Does A Home Renovation Cost in Australia?
Planning a renovation but have no idea what its going to cost you?
One of the hardest things about a home renovation is working within a reasonable budget. Renovations vary greatly in price and will depend on the scale of your home, materials used, and the labour required. Whether you want to spice up your kitchen, a more aesthetic bathroom, or a complete home renovation – having an idea of costs will help you plan and save.
Every home has its own unique features and so renovation costs will vary widely based on the changes you want made. Renovations can involve labour intensive projects like moving walls, changing the roof, modifying floor plans, or installing new doors and windows. Depending on what you want, you’ll have to decide to hire professional tradespeople to get the job done right or do some DIY projects.
A lot of factors will contribute to your overall renovation costs. If you have a larger space and want to source high end materials – you can expect the cost of materials and labour to be much higher than a budget renovation. It’s also good to be aware of underlying problems, such as a water leak or structural damage that can add to your costs. With this in mind and depending on your situation, renovations costs can be as little as $20,000 or exceed beyond $300,000.
Kitchen renovations tend to cost more than bathroom renovations as you’ll most likely have to pay for new appliances, fittings, flooring, and more. Most of the cost will pay for the labour of experts like electricians, plumbers, and tilers. The average cost for kitchen renovations ranges from $25,000 to $45,000. This will depend on what work you want done, the materials sourced, and the size of your kitchen. This also applies for bathrooms as they require intense labour and waterproofing, new tiles and bathroom fixtures. Bathroom renovation costs generally range from $20,000 to $45,000.
The overall cost will depend on the kind of renovation you choose to do. A budget renovation will involve simple changes like making superficial enhancements such as adding fresh paint. It’ll also likely include replacing doors and appliances, whilst keeping the existing layout. A standard renovation usually involves structural changes such as putting in new flooring, replacing windows and fixtures. If you decide to spend more for a premium renovation, you can expect to change the whole layout by taking down walls to refit the whole space to your taste.
Once you have an idea of what you want you can consult an expert to discuss the costs. A renovation process can seem overwhelming at first, but with the right people it can be a fulfilling process for you and your family. Whether your home needs a lot of work or small changes – having an idea of your costs can help you avoid going over budget.
Don’t have experience with budgeting for home renovations?
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You can also take advantage of the $25,000 government homebuilder grant and build your dream home! Make your space more comfortable with updated aesthetics and increase your resale value.
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