Renovation: 4 Factors That Will Affect The Cost
The costs of Singapore renovations can be quite variable depending on the company that you contact. However, when it comes to most standard jobs, you should be able to get an idea of the average cost of similar projects. Here are 4 tips to help you figure out the factors that can affect the total cost of your renovation.
1. Size of the Renovation
The scope of the renovation in terms of size is going to play a big role in determining how much your renovation will cost. If you are updating the entire interior or exterior of your home, the cost of the renovation is going to be much higher than that of a renovation that only involves a single room. If budget is the only thing that is holding you back from pursuing a larger renovation, you can try re-purposing items or skipping minor points of the renovation in order to reduce the costs.
2. HDB Units Can Vary
When it comes to renovations, the type of residential home plays a huge role in the costs of renovations. HDB flats have much more stringent regulations when it comes to renovations which can mean that they can be quite pricey for smaller spaces. In addition, you may also have to include the costs of obtaining the proper legal clearances and permits in order to go forward with a renovation on any type of property.
3. Materials and Parts
Parts and materials for renovations can range in price greatly depending on the quality. If you are looking to save money in a renovation, opting for lower quality products or cheaper options can help but you also run the risk of having to replace these items at some point in the future. When selecting materials, consider the look that you want to achieve and an interior designer could help you to put that vision into place for less.
4. Time Is a Factor
The longer your renovation takes to complete, the more it will cost. Renovations that are more complex often require more workers working for longer hours. If you want to save money, scaling back your renovation could help to keep labour costs down and also help you to finish more quickly. It is also a good idea to keep in mind that renovations can not go on for a variable period of time and must have a set start and end date.
