Frequently Asked Questions
The most frequent questions asked about how much is a home renovation project.
Is it cheaper to renovate or rebuild?
In most cases it will be cheaper to renovate or remodel parts of your house than it would be to completely rebuild.
Each method has its pros and cons but if you are on a tight budget then you can use some clever renovating techniques to keep costs in control, but give your home a new look.
Normally it can be 20-30% more to do a rebuild vs renovating.
How much do renovations cost in Australia?
According to Hi Pages the average cost to renovate a living room is between $10,000 and $15,000. Although this average changes quickly if the flooring is going to be changed, walls moved or expensive materials are used.
Bathrooms & kitchens will typically cost between $15,000 and $30,000 to do complete room renovations but these rooms will also add the most value to a property compared to adding a garage or doing landscaping.
Can you renovate a house for $100K?
Well for sure you can spend $20K, $50K or $100K to renovate a house although whether that is a sensible amount to spent will depend on your situation. If it is retirement time & there are no other concerns beyond having an enjoyable life then it won’t matter too much what is spent.
Although, typically most people are trying to renovate a house with an eye on increasing its value, therefore you have to be careful how much is spent. There will be a point where the value of any renovations won’t proportionally add value to your home. Generally speaking if the property is worth $500,000 then you should aim to spend around $50,000 and focus on the big areas like the kitchen and bathroom.
How do you renovate an old house?
Renovating an old house isn’t as simple as it seems. There are many properties in Sydney which are heritage listed so the first step is to check your local council requirements and get help from someone like Sydney Heritage Consultants to make sure any alterations are in accordance with local requirements.
If it is just an older home the first thing to have checked is to make sure all the structural elements are sound before planning your renovation. Older full brick homes are typically more difficult to work with compared to timber veneer houses like the ones in Merrylands.