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How Much Will Your Singapore Home Renovation Cost?

How Much Will Your Singapore Home Renovation Cost?

Everybody dreams of living in a perfect home. We all have a specific vision that unfortunately, very few flats will come close to. As a result, extensive renovation work may be required to get the desired outcome.

How much should you be prepared to spend on bringing your dream Singapore home in existence? The answer to that question depends on numerous things. Today, we will take a look at the factors that affect the cost of home improvements and the best ways to save some money (without compromising the quality of the outcome, of course!).

Most Important Factors That Affect the Cost

It’s impossible to come up with a renovation cost number that will be universally valid for all Singapore homeowners.

Some entities have developed renovation cost calculators you can use to input the variables and determine the amount you should be prepared to spend on the modernisation of the property.

Based on these calculators, some of the most important factors that affect the cost include the type of apartment, its size, the number of rooms you wish to renovate, the specific projects you plan to carry out and the nature of materials you want to utilise.

The bulk of renovation costs is accounted for by major types of work like hacking, masonry and carpentry. If you’re planning to carry out any of those, you should be prepared to handle the cost.

Some other, less expensive aspects of the renovation, include plumbing, electrical works, ceiling work, painting and the cleanup after all of the work is done.

Average Costs to Anticipate in 2020

Based on these guiding principles, we can determine the average cost of renovating your apartment in 2020.

According to Qanvast, the average that four-room apartment owners in Singapore should be prepared to spend on a property renovation in 2020 is 53,000 dollars. The lowest possible amount for the work to be done on this flat is 5,000 dollars and the figure can go up to 110,000 dollars.

The average for a three-room flat is 32,000 dollars for a new flat and 42,600 dollars for a resale flat. When it comes to larger apartments, the average for a five-room flat in 2020 will be 52,100 dollars for a new flat and 65,200 dollars for a resale flat.

If we stick with the four-room example quoted above, the overall price can be broken down into separate processes.

The costliest one will be carpentry work with an average of 24,000 dollars for a four-room flat. Flooring and tiling comes second at an estimated average cost of 11,625 dollars, followed by the purchase of appliances (7,000 dollars), demolition (6,000 dollars) and electrical work (4,000 dollars). The least expensive work type is plumbing with an average of only 875 dollars.

The average cost of a home renovation can also be broken down on the basis of the style that the homeowner is interested in.

Contemporary renovations for an HDB flat come at an average of 72,530 dollars. A minimalist home interior design project execution will cost an average of 62,471 dollars and a Scandinavian project will cost an average of 55,315 dollars.

It’s interesting to point out that the eclectic style ranks as the second most expensive renovation option after the contemporary flat. Such a project will cost 69,314 dollars for an average HDB apartment. A traditional renovation is the least expensive one with an average 46,890 dollars.

Bringing Down the Cost of a Property Renovation

Is it possible to get a price cut without accepting a quality compromise? If so, how can you achieve both of the goals?

Finding the right Singapore interior design company is the most important prerequisite for an affordable renovation that yields a beautiful outcome.

Reputable interior design companies like Home Guide, for example, often announce promo packages for their clients. As experienced interior design and home renovation professionals, we understand the fact that many people who have just acquired a flat lack the money needed to carry out the perfect renovation. This is why we’ve created a range of promo offers to address the specific needs of these people.

Currently, we have BTO promotions tailored to the needs of three-room, four-room and five-room flat owners.

Alternatively, you can explore our new condo renovation package – a comprehensive selection of services aimed at providing a design consultation, perspective drawing of all the carpentry work, project management, job site supervision & work with sub-contractors, material and colour scheme proposal, as well as the submission of the required renovation permit.

We have also thought about the needs of home owners who will only be carrying out a partial renovation. Our resale toilet renovation package and resale kitchen renovation package are provided as opportunities to make these projects happen without breaking the bank.

Our partial packages focus on the bathroom and the kitchen since these are the two most functional spaces in the house. As such, they can be the costliest ones to modernise and upgrade.

Please check out our offers to see what you’ll be getting and to determine exactly how much money you can save by partnering up with Home Guide. If you want to learn a bit more about who we are and what we do, don’t hesitate to explore our residential portfolio for examples of our best projects.

You can get professional apartment upgrades on a budget. The secret is knowing exactly what you want to achieve and finding the right partner for the job. Contact Home Guide right now if you’re ready to get started.

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