How do you determine the cost of renovating kitchens, bathrooms, bedrooms and more?
We’re committed to our readers and editorial independence. We don’t compare all products in the market and may receive compensation when we refer you to our partners, but this does not influence our opinions or reviews. Learn more about Finder .
Planning a renovation? It can be hard to get a good understanding of the costs involved, but working out a budget is a good first step. Start by asking yourself these questions:
- What are you hoping to achieve with this renovation? Are you looking to add value to the property through renovating? Are you trying to make your home more comfortable for your growing family?
- How much can you afford to spend? Getting a clear idea of what you can actually afford helps you to clarify the scope of your renovation ambitions.
Once you've got a clearer idea of your renovation plans, there are several steps you can take to get a rough estimate of your costs.
Take the following steps to get a better understanding of your potential renovation costs:
- Consider the materials you need. Researching the materials you'll need for the renovation will give you a better idea of costs. The quality of timber, tiles and so on can really impact your costs. But be mindful of value as well. Higher-quality materials can have a greater impact on the value of your property in the long run.
- Consider your appliances. In the same vein, you may need to purchase new fixtures or appliances as part of the renovation. Again, think about cost but also quality. Sometimes, cheap just isn't cheap at all.
- Work out your renovation space in square metres. Measure out the floor space of the room or rooms you're renovating to help you estimate costs more clearly.
- Use an online calculator. There are many online renovation calculators that you can use to get a rough estimate of costs per square metre.
- Get quotes from local tradespeople. The best way to really judge cost is to get quotes from licensed tradespeople in your area. Get several quotes to help you compare, provide as much information as you can and try to get a detailed cost breakdown.
- Talk to people who've renovated recently. If you know people who've renovated recently, it's a really good idea to ask them about their experience, including costs, time and any problems that occurred.
You can finance a renovation through a home loan top up, refinancing, taking out a line of credit or even a personal loan. You can compare some options in the table below or head here to learn more about renovation finance.
Compare the latest refinancing home loans below.
Compare the latest line of credit home loans below.
More guides on Finder
How to watch the 2020 AFL Grand Final overseas
Famous clubs Richmond and Geelong clash in the 2020 AFL Grand Final. This is how you can watch overseas.
How to watch the 2020 NRL Grand Final from overseas
The Melbourne Storm take on the Penrith Panthers in the 2020 NRL Grand Final. Here's how you can watch overseas.
Financial Fitness Challenge Week 3: How to get the most out of a credit card
How to cut debt and make your credit card work for you.
Free academic resume templates (Australia)
Here's how to create an academic resume that delivers a great first impression.
How to invest in the MyDeal IPO
The online retailer is expected to raise $40 million as it launches onto the ASX. Here's what you need to know.
Find out what it costs to subscribe and if you can download documents for free.
Be money mindful: How to develop a positive money mindset during COVID-19
SPONSORED: You need to look after your financial health, not just your physical and mental health, during the COVID-19 pandemic. Here's how to do it.
Free creative resume template (Australia)
A creative resume template can get you a step closer to landing your dream job.
Brighte Personal Loan
Looking to renovate your home? Find out more about Brighte's personal loan for home improvements and ways in which it may be able to benefit you.
Deep cleaning services
Deep cleaning gives peace of mind for a clean home or business. Here's how it works.
Ask an Expert