Credit: Real homes
Renovations, as with most things in life, are going to cost you a fair bit of money. However, looking at the fact that renovations aren’t considered a frequent endeavour, it’s probably going to be worth it, especially since most homeowners tend to renovate only when there’s an absolute need for it.
Instead of sulking over the fact that renovations are rather burdensome on the wallet, why not spend our precious time on understanding the costs of renovation? Well, today, we’re going to do just that — answer these four questions and you’ll arrive with an answer!
Looking at the type of property you own can present you with a rather accurate ballpark figure of your impending renovation costs. Do you own a condominium, terrace, semi-detached or bungalow? Naturally, the renovation costs of a condominium will tend to be significantly lower than that of a bungalow, due to the amount of space and area that needs to be covered. A bigger space requires more materials to be used and more labour to be invested – both of which significantly increases the cost of renovations.
Condominium – RM30,000 to RM200,000
Terrace – RM60,000 to RM250,000
Semi-detached – RM100,000 to RM300,000
Bungalow – RM150,000 to RM600,000
Whether or not you’re in the loop regarding home renovation, you most likely would’ve heard of the steep rise in costs in recent years – this year, particularly. Prices may vary significantly due to the existence of seasonal prices of materials and market prices of labour, workmanship and service fees, so do keep yourself updated on these topics to avoid disappointment!
If you’re thinking of renovating your home, you most likely already have an idea of what needs to be done and changed. If you’re looking to undergo a minor revamp of putting on a new coat of paint for your home, for example, you probably wouldn’t need much to achieve that. However, heavier works such as carpentry, flooring and M&E works (Mechanical & Electrical works) are labour intensive and are naturally more expensive.
-RM100 to RM300 per foot run (Kitchen Cabinets)
-RM350 to RM600 per foot run (Wardrobe)
-RM5 to RM12 per square foot (Vinyl)
-RM10 to RM60 per square foot (Tiles)
-RM1000 to RM1500 for a set of sinks, taps, water closets, heaters (Plumbing)
-RM500 to RM800 for a set of power points and lighting switches (Electrical)
The costs listed above may vary from one home to another, depending on the volume of work needed to be produced. Additionally, miscellaneous costs such as hacking and plastering of walls should be kept in mind when drafting your budget.
We’re all fond of pretty furniture and we’re all a little guilty of indulging ourselves one too many times in this ‘hobby.’ However, it’s essential to take note of the costs that can be racked up in doing this. A set of furniture can cost as low as RM50,000 and as high as RM1,000,000, depending on your preference and personal taste.
Naturally, designer brands and custom-made pieces are going to cost a lot more as compared to furniture that you can get off the shelf.
Credit: Training Industry
Depending on your preference, hiring a designer for your renovation works can either be a bane or a boon. An interior designer can definitely provide you with expertise and options you never would have thought of yourself.
However, as with all things, skills come with a price, and this price could range from RM5,000 to RM50,000 depending on the type of property you own. Well-known designers can cost even more but they could be all the difference you’d need!