If it’s time for a change, you may be thinking about renovating your home. Have you ever wondered what the highest renovation costs are and why they’re so expensive? From lighting to floors, various factors could impact the price of a house renovation cost.
If you have plans for a change, it’s a good idea to start planning early to give yourself time to budget and prepare.
Let’s discuss why budgeting and understanding the cost of house renovation projects are important.
The most expensive home renovation projects
With varying costs, it’s vital to know the types of renovation possible and what these projects include. The most costly renovations include:
- The remodelling of a room.
- An addition of another room.
- The quality of the materials and tools needed.
Here are the most costly renovation projects and why they’re so expensive:
Remodelling a kitchen
The kitchen is the heart of the home and where the family gathers. Homeowners often invest in projects to create a more spacious, comfortable, and modern kitchen. Kitchen renovation costs are high and can range anywhere from $10,000-$35,000+ depending on the size and quality of the materials, such as worktops or cabinets.
What’s the most expensive part of remodelling a kitchen?
If you opt for high-quality cabinetry and countertops, expect this to be the most expensive part. Even if you want to refresh your existing cabinets, they’re still the most costly. Cabinets can be bespoke and custom-made, increasing their value as they’re of higher quality and utilise space well.
Appliances such as ovens, dishwashers and fridges can increase prices, especially if they’re high quality. Flooring and lighting can also boost costs, especially when working with a large, spacious room.
A bathroom remodel
It comes at a high price if you want to remodel your bathroom. Ranging between $8,000-$35,000, a bathroom renovation is expensive. Bathrooms can be a place of relaxation and can be designed to look modern and sleek. Luxurious features like heated floors and towel racks will increase the cost even further.
What’s the most expensive part of a bathroom renovation cost?
The most expensive element of a bathroom renovation is the labour costs that coincide with plumbing and tile work. The cost of the tiles will depend on the size of the room and the quality of the tiles themselves.
Rearranging the fixtures, such as the sink or toilet, will increase the price, as these are complex tasks requiring skilled labour.
Roof repairs and replacements
Roofs are a vital part of any home, so investing in them will keep your house comfortable and safe. If your roof leaks, repairs and maintenance costs will be high, especially if it’s a big job requiring many hours of labour costs.
What’s the most expensive part of a roof repair or replacement?
The repair cost will depend on the extent of the problem, how easy the access is to your roof, and the level of expertise required. A roof replacement will be costly, especially for metal roofs, as they’re more expensive to install. Roof repairs range from $1,000-$12,5000+ depending on the type required.
If the repair is small, you can avoid a costly expense and solve the problem at home. Products such as Fastfix Wet Shield are effective ways to repair parts of your roof at home. If you notice a leak or a crack suggesting a potential problem looming, using Fastfix Wet Shield or Fastfix Repair Tape is a cheaper alternative and can keep any roof issues at bay.
Structural renovations and additions
Adding an extension to your house, or altering the structure, is costly as it requires work on plumbing, electricity, carpentry and, in some cases, roofing. You can add an en-suite to your bedroom, undergo a living room renovation or create a more open-plan kitchen. These additions are great for aesthetic appeal and convenience, but keep building costs in mind as you’re making plans!
What’s the most expensive element of additions and structural renovations?
On average, an en suite can cost anywhere between $15,000 and $35,000, considering the size, the quality of the furnishings, and the labour costs. For an extension, expect to pay around $5,000-$35,000, depending on the extension type. For example, a small conservatory will be less than a large kitchen extension.
Extensions require building permits, inspections, and construction expenses like demolition and skilled tradespeople. How complex the extension is and how long it takes to install will also contribute to the overall cost.
How to manage expensive home renovation costs
If it’s time for a change but the daunting high prices are putting you off, there are some steps you can take that’ll help you manage the costs.
Create a budget
Creating a budget for home renovations is an excellent place to start, as it can help you to determine what’s most important to you. A renovation budget can give you a clear guide and plan about what is within your reach. Knowing the average home renovation cost can create a solid platform to begin with.
Whether big or small, your budget can help you keep track of your finances and work towards your dream home renovation with a timeline in place.
Shop around
Before diving into your home renovation project, take some time to shop around. Multiple contractor quotes can help you decide which option is the best value for money. Use the comparisons to your advantage, use the average renovation costs as a guide, and choose the best price and deal for you.
Go green
If you want to upgrade your home in an eco-friendly way, consider greener options for your home renovation projects. You could add roof, loft and floor insulation, which will result in less energy usage and lower energy bills. You could also insulate your pipes, radiators and hot water tank, which will have the same effect.
Seek expert advice
Renovating your home can be challenging, and it can be hard to know where to start. Speaking to professionals will clarify your best options and give a realistic vision of what will work for your home. For example, Evobuild is happy to answer any questions about your roof repair or replacement.
Overall, renovating your home is exciting, and there’s no feeling like a finished project. Although it can be expensive, taking the time to plan your finances and your vision can help you to create the house renovation of your dreams. Renovating your home is an expensive but rewarding process, from new flooring to a new place to gather as a family.
If your home requires a bit of TLC instead of an entire renovation, products like Fastfix Repair Tape or Fastfix Wet Shield will fill in any gaps and keep your home feeling safe and secure. For any queries or roof renovation questions, contact us today and we’ll be happy to help.