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Home renovation guide | 2020 cost guide

6th Jul '20 • By Shreya Kulkarni

If you fear that the cost of your renovation project might get the better of you, don’t worry, we’ve got it sorted! Below is a quick guide to help you with the do’s and don’ts of a house renovation.

There are so many great reasons to renovate your home; improved quality of life, increased resale value, or even just to simply update its aesthetic and vibe. There’s nothing quite like a room makeover to bring new energy to your humble abode, but thanks to the increasing popularity of renovation shows it seems quite easy on the TV. In reality, it's a bit more daunting and so is the cost.

How much does it cost to renovate the house?

According to the Renovations Roundup report from Housing Industry Association (HIA), half of all renovations in Australia are valued between $40,000 and $200,000. Below is a quick guide to help you with the do’s and don’ts of a house renovation.

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Types of renovation

There is nothing better than making a budget if you are planning to control your expenses throughout your renovation. This budget will be your guide and help you determine what materials you can and cannot afford. So, how much does it cost to renovate the house?

Bathroom Renovation

How much does a bathroom renovation cost?

On average, small bathrooms with basic renovations cost as low as $5,000, large bathrooms with higher quality renovations can cost $10,000 to $20,000 and; while a premium renovation in a larger bathroom can cost $25,000 or more.

Bedroom Renovation

How much does a bedroom renovation cost?

While a basic bedroom renovation might cost as little as $3,000 – if you’re replacing the old space with fresh coat of paint on the walls, window frames, door and skirting boards. A high-end renovation with custom-designed furniture and designer brands create endless possibilities can be anywhere over $25,000. 

Living Room Renovation

How much does living room renovation cost?

One of the more affordable room renovations, simple changes to living room paint or new furniture cost anywhere between $7,000 and $12,000 but can cost more if you're planning to change the flooring. 

Kitchen Renovation

How much does kitchen renovations cost?

Kitchen renovations will be the most difficult undertaking in terms of time spent and labour per square metre. We estimate the cost anywhere between $10,000 and $45,000.

Tips for your renovation project

1. Get Inspiration

You should have a clear idea of what you want before you get quotes and choosing the budget. Decide if you want to renovate the entire house or just want a bathroom renovation or redoing your kitchen. You can get inspiration online from Pinterest or from home improvement and design magazines to find out what your style is and get innovative ideas and save them for later.

2. Prioritize

Consider everything that you want renovated and select the most important tasks from there. Josh Mammoliti, Managing Director of The Blue Space suggests that in a kitchen renovation “moving existing fittings and services, such as relocating taps, appliances and wastes does cost more than simply replacing in the same spot.” It might be that in order to move your sink to a more ideal location, you’ll have to opt for cheaper cabinets material. Or it will be more difficult to change the lighting fittings in the bedroom than to simply update the design. Hence, you will have to decide where you are willing to spend how to much money.

3. Make a Detailed Plan

Creating a detailed plan is very important to successfully complete your renovation project. This will help your contractor decide certain things and plan the services according to your budget and urgency of services. There are some things you’ll need to decide on beforehand, including your budget and preferred materials and finishes.

4. Compare quotes

We recommend that you get at least 3 quotes from local businesses for your renovation plan. This will give you an idea of who to hire based on their services and rates. Keep in mind, the best service isn’t always the cheapest quote. Try to hire experienced and licensed service businesses. We, at Service.com.au, verify businesses in order to assist our clients so that they can see which trades and service business has been recommended for your job.

5. Create a Contingency Plan

“Always allow for a 10-20% contingency budget in any renovation as once walls and floors start being exposed you will likely run into issues such as water damage, back of wall pipework and electrical issues” suggests John Mammoliti. This helps keep a realistic budget and ensures you don’t run over budget.

6. Don't Deviate from the Original Plan

Try not to deviate away from your original plan by changing a few things mid-renovation. Your plan needs to be well thought out in the first instance. Not only can this throw you off your budget, but you might need to take additional time to make a new plan. Do not spend where it is not immediately needed. There are many things that you might want in your renovation, but cannot afford. Focus on what matters to you more to you. It could be that herringbone floors are more important to you than installing a stone bench top.

There are material and labour costs that need to be accounted for in any type of renovation. On average, you might want to be prepared for an hourly rate of $68. Keep in mind that there are additional fees attached to your renovation plans as well, such as council fees. 
The prices above are just a guide and subject to the time the article was made, if you want an accurate and up to date price, get up to 3 quotes from local renovators today.

FAQ's

Why do I need a licensed tradie for my renovations?

When you contract an unlicensed builder, you effectively become their employer. This means you will be personally liable for any damage or injury to the builder or a third party. If something goes wrong, there is limited action you can take against an unlicensed builder, and it’s expensive and slow.

Do you provide free quotes?

Yes, we provide you with at least 3 quotes from local businesses for your renovation plan. This will give you an idea of who to hire based on their services and rates. Keep in mind, the best service isn’t always the cheapest quote. Try to hire experienced and licensed service businesses. We, at Service.com.au, verify businesses in order to assist our clients so that they can see which trades and service business has been recommended for your job.

Get free quotes in minutes.

Get quotes from our qualified and licensed tradies Australia wide.