How much does it cost to renovate a living room?

The living room is a high-traffic area that deserves to be updated every now and then. If you’re wondering how much a living room upgrade may cost you, we’ve got you covered.

Last updated:

living room renovation

Whether it’s an allocated space for catching up with family, watching television or dining, the living room is a realm that can serve several purposes. There are many things you can do to brighten up the appearance and functionality of your living room, such as; replacing the floorboards, adding in new furniture such as a couch or dining table, building a custom fireplace, or freshening up the wall paint.

In this article, we use the Home Design Directory calculator (as well as some market research) to estimate how much a living room renovation may cost you on a budget, mid-range and premium budget.

The Home Design Directory calculator estimates fittings and labour costs. Labour includes the cost of waterproofing, plumbing, tiling and the installation of fittings. The per-square-metre cost for labour used is $1,600.

What’s the cost of a living room renovation?

It’s difficult to forecast the cost of a renovation budget as this depends on multiple factors including the scope and complexity of the work, the quality of materials and finishes, and the cost of labour charged by independent companies.

However, for a medium to large living room of 4.5 square metres, here are the approximate price points.

Materials, fittings and fixtures

If you want to work out the cost of materials, fittings and fixtures for a living room renovation, refer to our table below.

Budget

ItemCost
Flooring$111.35 (floorboards @ $5 x 22.27 square metres)
$200.00 (installation @ $50 x 4 hours)
$311.35
Lounge$1,699.00
Coffee table$65.00
Side table$50.00
Television$295.00
Lamp$25.08
Storage unit$60.00
Total cost:$2,505.43

Mid-range

ItemCost
Flooring$870.09 (floorboards @ $39.07 x 22.27 square metres)
$200.00 (installation @ $50 x 4 hours)
$1,070.09
Lounge$2,499.00
Coffee table$199.00
Side table$169.00
Television$597.00
Lamp$50.00
Storage unit$95.00
Total cost:$4,679.09

Premium

ItemCost
Flooring$1,880.26 (floorboards @ $84.43 x 22.27 square metres)
$200.00 (installation @ $50 x 4 hours)
$2,080.26
Lounge$3,499.00
Coffee table$430.00
Side table$250.00
Television$1,595.00
Lamp$140.00
Storage unit$189.00
Total cost:$8,183.26
Back to top

Flooring

If you’re replacing existing flooring in your living area, you’ll need to remove the existing carpet or floorboards. Make sure you source several quotes if you’re getting an expert in. Otherwise, you may be able to pull up the flooring yourself.

Lounge room with wood floorHere’s a step-by-step process of how to remove floorboards:

1. Cut the board. Firstly, clean the floor area to get rid of any dust particles. Then, set the depth of your circulator to 20mm (as the standard depth of a floorboard is 20mm). Cut two parallel lines along the each side of the board.

2. Remove the board. Next, hammer a chisel into one of the cuts in the board. Then use a chisel to pull out the centre piece. Once the piece is removed, chisel at the sides of the cut board until they come unstuck.

3. Lift the board. Use a wrecking bar to pull up the loose floorboard. Place the blade of the wrecking bar under the board slightly away from the joist. Then gently lever the board up. Once the board has come up, place the blade in between the two nails on the joist and, using the joist for leverage, pry the board until the board comes off.

If you know the dimensions of your floor space, and you’ve been quoted a flooring cost per metre, you can use online calculators, such as the Masters flooring calculator, to help you plan for the cost of your flooring materials and instalment. For instance, for a 4.5 square metre living room, you would need a total of 22.27 square metres of flooring (including 10% for wastage).

When you get a quote for timber flooring, the supplier will likely give you a quote either based on the square metre surface area or for the whole job. The cost will vary based on the type of timber or flooring that you select. Remember that the price of a flooring product is largely determined by its availability. If it’s an imported product, chances are it will cost more.

Choosing standard or select grades of timbers can make a big difference in price. For example, standard grade Blackbutt overlay flooring can cost under $5.00 per square metre, while a more premium solid mixed hardwood would be $39.07 per square metre. Whereas, a premium Parquetry Ironbark is $84.43 per square metre.

If you need help deciding which type of timber is right for your living room, check out our timber guide which breaks down the cost and maintenance considerations for different timber types.

The average hourly rate of timber floor installation ranges from $25 to $50 per hour.

Back to top

Lounge

Premium lounge roomFrom recliners to contemporary sectional lounges to versatile sofa beds, there’s a variety of different couches available on the market.

A Boston Chaise Lounge is $1,699 while an Aero lounge with 5 adjustable headsets would set you back $2,499. On the upper end of the spectrum, a Metropolis corner suite with an in-built storage unit and Ottoman retails from $3,499.

Coffee table

A coffee table often acts as the centrepiece of any living space, which can be used to store ornaments such as candles, magazines or drinks.

If you’re on a budget, you can get a small coffee table for around $65, whereas something a little more robust, such as the Wave Coffee Table from a local furniture specialist, costs $199. For something fancy such as the Aquarius Coffee Table model, or for a custom-built coffee table, this would cost around $430 - $450.

Side table

For extra storage space and to create a sense of symmetry, two side tables (one situated on either side of the lounge) are an important addition to a living area.

Local furniture suppliers provide side tables from around $50 up to $169 for a Signature Essentials model. A premium side table, such as the Aquarius Side Table, could cost you approximately $250.

Television

If you want to deck out your living room with a brand new TV, then you can get yourself a 32” HD LED LCD for just $295. However, if you want something with the bells and whistles, you can score a TCL 48” Full HD LED LCD for $597. For the ultimate entertainment system and to suit a higher budget, you could purchase a Panasonic Viera 60” Full HD LED LCD Smart TV for $1,595 complete with in-built Wi-Fi and Netflix.

TV and surround sound systemHowever, you could cut costs if you opt for an internet TV package, you can use our guide on price, features and content options for Netflix Australia.

Lamp

An elegant floor lamp may be a great addition to brighten up your living room. The Brilliant Kirby Touch Lamp retails for $25.08, and a mid-range floor lamp retails for around $50 while a Verve Design 160cm Black Ciara Floor Lamp is $140.

Storage unit

If you need more space to store your things, a storage unit is key.

You can find a narrow storage unit for $60 while a medium narrow storage unit could set you back $95, and something larger (and edgier), such as the Cube Storage Unit model (4 x 4) retails for $189.

Back to top

Financing your living room renovation

You can consider financing your renovation using the equity in your home. Equity is the difference between the value of your property and the amount you owe on your home loan. For instance, if your home is valued at $750,000 and you owe $500,000 on your home loan, you've built up $250,000 of equity.

A line of credit loan allows you to borrow against this equity to make purchases. It extends you a credit limit based on the equity in your home, and you'll only be charged interest on the amount you use.

Compare line of credit home loans

Rates last updated November 19th, 2019
$
Loan purpose
Offset account
Loan type
Repayment type
Your filter criteria do not match any product
Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
3.74%
$0
$349 p.a.
80%
Low fee line of credit loan with package benefits.
3.94%
$0
$15 monthly ($180 p.a.)
90%
A low rate line of credit with low ongoing fee.
5.12%
$395
$10 monthly ($120 p.a.)
90%
A home loan which gives flexible access to your equity.
5.71%
$0
$395 p.a.
80%
A low interest rate home loan with a low ongoing fee.
6.21%
$600
$10 monthly ($120 p.a.)
95%
Tap into your equity with a line of credit home loan from Westpac.
6.41%
$600
$150 p.a.
80%
Access your equity with a low variable rate and low fees.

Compare up to 4 providers

Aussie Home Loans Logo

Start your home loan application with expert help from Aussie.

By submitting this form, you agree to the Finder Privacy and Cookies Policy and Terms of Use

Applications are subject to approval. Conditions, fees and charges apply. Please note that you need to be an Australian citizen or permanent resident to apply.

Credit services for Aussie Select, Aussie Activate and Aussie Elevate products are provided by AHL Investments Pty Ltd ACN 105 265 861 (“Aussie”) and its appointed credit representatives, Australian Credit Licence 246786. Credit for Aussie Select products is provided by Residential Mortgage Group Pty Ltd ACN 152 378 133, Australian Credit Licence 414133 (“RMG”). RMG is a wholly-owned subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian Credit Licence 234945. Credit for Aussie Activate products is provided by Pepper Finance Corporation Limited ACN 094 317 647 (“Pepper”). Pepper Group Limited ACN 094 317 665, Australian Credit Licence 286655 acts on behalf of Pepper. Credit services for Aussie Elevate products are provided by AHL Investments Pty Ltd ACN 105 265 861 Australian Credit Licence 246786 (“Aussie”) and its appointed credit representatives. Aussie is a trade mark of AHL Investments Pty Ltd ABN 27 105 265 861. Credit and any applicable offset accounts for Aussie Elevate are issued by Bendigo and Adelaide Bank Limited ABN 11 068 049 178 AFSL / Australian Credit Licence 237879.

Aussie is a trade mark of AHL Investments Pty Ltd. Aussie is a subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124. ©2019 AHL Investments Pty Ltd ABN 27 105 265 861 Australian Credit Licence 246786.

By submitting this form, you agree to the Aussie privacy policy.

An Aussie mortgage broker can find the right home loan for you.

  • FREE Suburb and Property Report with every appointment.
  • Access 3,000+ loans from over 20 lenders.
  • Get expert help with your loan application, including paperwork and eligibility.

Aussie Home Loans Lender Logos

The Adviser’s number 1 placed mortgage broker 7 years running (2013-2019)

Images: Shutterstock

Was this content helpful to you? No  Yes

Related Posts

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Ask a question
Go to site