The renovation cost in Sydney is a common worry of homeowners. They know that living in the area is more expensive than in other places in Australia.
As much as possible, they want to make sure that they get the best value for their money and that the renovation will be worth it in the end. There are considerations from materials and labour costs to the renovation design when planning a renovation. It also includes the impact it will have on the resale value of your home.
Homeowners like you deserve to know what to expect regarding the renovation cost for a Sydney home.
How Much Should You Spend on a Home renovation?
The cost of renovating in Sydney can vary depending on many factors. One example is the location. Pricing in central Sydney is generally more expensive than in outer parts of the city. Because of this, your renovation will likely cost more if you live there.
Other factors that can affect the renovation cost include the size of your home, the scope of work, and the quality of materials used.
As a general rule, it is recommended that you spend no more than five per cent of the property’s value on a renovation. Therefore, if your home is valued at $800,000, you should expect to spend around $40,000 on your renovation.
To give you an idea about the price of your renovation, here is your guide:
Bathroom Renovation Cost
On average, a bathroom renovation costs around $20,000. But it is possible to get a renovation done for less than $5,000, but you may not be able to get as much work done. This includes only replacing some essentials, such as a new toilet or shower.
But at $20,000, you can get a renovation that includes replacing fixtures, tiling on the walls and floor, and new lighting.
If you want a more extensive renovation that includes replacing the entire bathroom suite, the cost can be even more.
Some examples of luxurious renovations include changing a bathtub to a sauna, replacing tiles with more luxurious materials, or making structural changes that require a larger budget.
Generally, a bathroom renovation can take less than a month.
Kitchen Renovation Cost
The kitchen renovation cost in Sydney can vary depending on the work you want your builders to get done. A basic renovation costs around $15,000. But for a more extensive one can reach more than $50,000.
A budget kitchen renovation is around $15,000 to $30,000. You can expect improvements updating the kitchen’s appearance, including painting services and adding storage and cabinets.
A midrange renovation is around $30,000 to $50,000. You may be able to get a custom design, where the work commonly aims to suit the homeowners’ needs – for example, more storage space, a different layout, or updated appliances and finishes.
A high-end renovation is around $50,000 and beyond. This could involve a complete gut renovation, which means everything from the flooring to the walls and ceiling will be replaced.
A complete renovation allows you to change the layout of your kitchen and add luxurious finishes and appliances. The cost will depend on how extensive the renovation is and what materials and finishes you choose.
A kitchen renovation can take anywhere from a few weeks.
Living Room Cost
Living room renovations can cost $10,000 to more than $20,000, depending on the size and extent of the renovation. Generally, a renovation won’t take more than a week unless you are changing the room’s layout or doing something more extensive.
Garden Renovation Cost
You can expect to pay between $2,000 and $15,000 for the garden’s renovation cost. The most considerable expense will be the materials used – timber takes the majority of the price. The renovation itself can usually be completed within two weeks.
Bedroom Renovation Cost
The renovation cost ranges from $2,000 to more than $40,000, and the construction may last a week or less.
Tips to Make the Most Out of Your Renovation
Create a well-thought plan.
A renovation is usually a stressful process. To ensure that your renovation turns out as you envisioned, make a well-thought plan, such as knowing which type of renovations you want to prioritise.
It should also include the budget, the timeline for the renovation, and which company or contractor you will be working with.
Work with a professional.
While it is possible to renovate your home yourself, it is still advisable to work with a professional who can help you design, plan, and execute. Work with experienced builders and designers for the best results.
Buy high-quality materials.
It is important to buy high-quality materials to ensure that your renovation lasts when complete. But you don’t have to break the bank to do it. You can buy directly from suppliers to save money. This will also help you avoid the markup often charged by a mid-man.
Don’t change the placement of utilities.
If you don’t want to blow up your renovation expenses, keep the placement of the plumbing pipes and electrical wirings as is.
Do some of the work yourself.
You can save money by doing some of the work yourself. For instance, you can paint the walls or lay down the flooring on your own. Just make sure that you know what you’re doing to avoid making mistakes.
Don’t buy new appliances and fixtures.
If you’re on a tight budget, you don’t have to buy new appliances and fixtures. You can simply opt to refinish or repaint your existing ones if they are still in good condition.
(Also read: 7 Effective Ways to Reduce Construction Cost)
Conclusion
Renovating your home in Sydney can be a daunting task, but the cost doesn’t have to break the bank. There are many ways you can make the most out of your investment.
For more information, contact MKJ Projects today!
