Australians renovate their homes for many different reasons. It could be to update the house, create the ideal atmosphere, increase or improve the living space, or personalize its style. According to Oneflare, home renovation costs range from about $15,000 for small homes to over $250,000 for very large ones. Ideally, you should not spend more than 5% of your home’s value to renovate it. The most expensive parts of a home renovation are remodelling the kitchen, remodelling the bathroom, replacing the roof, building outdoor areas and adding central heating or an air condition system.
In Australia, kitchens are the part of homes that is most commonly renovated. About 25% of renovations done in Australian homes focus on the kitchen. Kitchens are also the most expensive part of a home to renovate. Most people spend between $5,000 and $45,000
on kitchen renovations. For $5,000, you can do a superficial, cosmetic makeover, like upgrading cabinetry, laminating the benchtop and adding a tiled splashback. A $15,000 to $40,000 renovation buys polyurethane cabinetry, engineered stone benchtops, glass splashback, hardwood timber or tile flooring and big brand appliances. Spend more than
$45,000, and you get natural stone benchtops, premium glass or tile splashback, cabinets with polyurethane fronts and premium appliances. If you are looking for some more cost effective ways to renew the look of your kitchen have a look here.
Bathrooms are the second most commonly renovated room in Australian homes. The average bathroom renovation costs between $15,000 and $30,000. When planning to renovate your bathroom, know your budget, what you want to get done, and the bathroom design experts can give you home renovation ideas you can afford. Professional renovators can create stunning bathroom designs and transform your bathroom into something special using some unique colours, strategically placed lighting arrangements, gorgeous flooring, clever storage space and perfectly placed essential bathroom elements.
Building An Outdoor Area
Building a fun, relaxing, versatile outdoor area at your home where you, your family and friends can enjoy yourselves can cost anywhere from $5,000 to as much as $60,000. It all depends on the elements you want to add and the ambience you want to create. If you simply add outdoor lighting, pavers, furniture, a shade sail or umbrella, as well as a barbecue, you can keep the cost of renovations down. Substantial roof lighting, the plumbing for an outdoor kitchen and a pool can increase your cost significantly.
Replacing The Roof
Replacing the roof is another very expensive home renovation project. Installing a new roof can easily cost between $15,000 and $25,000, depending on your home’s size and the complexity of and materials used on the roof.
Central Heating Or A/C
If your home renovation project is adding central air or A/C, you can expect to pay an average price of between $7,000 to $10,000 for the central heating system and $5,000 to $7,000 for the air conditioning system. The installation of ducts throughout the house plays a role in the high renovation cost.
Home renovation costs can be high when you are doing major projects. The type of home renovation ideas you have in mind also has a major impact on the cost of renovations you do on your home. To keep your renovation costs manageable, determine what budget you can afford and use the best and most attractive renovation ideas that fit into it. Also, consider how much, if any, of the work you can do yourself. This can enable you to get the beautiful home renovations you want at a price you can afford.