The Times Australia
Mirvac Harbourside
The Times House and garden

.

The Hidden Costs of BTO Renovations

  • Written by The Times

Overview of Renovation Costs   

Renovations can be expensive, and while they can add significant value to a home or business, there are many costs involved. Knowing what the different components of the cost are and how much you should anticipate spending on each helps you plan for a successful renovation project. Here is an overview of the two main categories of renovation costs: labour and materials. 

Labour Costs 

Labour costs account for the majority of any renovation budget, making up anywhere from 40-60% depending on the complexity of the project. Labour includes all wages paid to contractors, subcontractors, architects and other workers who will be involved in your projects such as electricians or plumbers. Labor also includes any fees associated with permits or inspections required by local authorities during construction. Bto renovation price can vary greatly depending on where you live and how complex your renovation is but should always be factored into your budget when planning a renovation project. 

Materials Costs 

The second category of renovation cost is materials which make up between 40-60% depending on how much general contracting work is involved in your project. Materials include anything that needs to be purchased such as lumber, drywall, plumbing fixtures and appliances along with any paint or finishes used throughout the space. 

Ways to Reduce Renovation Costs    

Renovating a home can be an expensive undertaking. There are many ways to reduce the cost of a renovation, however, and savvy homeowners can save money without sacrificing quality. Here are two tips on how to reduce renovation costs:

Do-It-Yourself Projects: Doing the work yourself is one of the best ways to save money on a renovation project. While some jobs may require specialized skills or tools that should be left to professionals, there are many projects that can be completed by DIY-ers with minimal experience and supplies. Simple jobs like painting walls or installing flooring can make a big impact for a fraction of what it would cost to hire someone else. If you're feeling ambitious, more complex tasks like putting up drywall or replacing kitchen cabinets could also be taken on without too much difficulty. 

Shop Around for Supplies and Equipment: Shopping around for the best prices can help keep costs down when renovating your home. You'll need materials such as paint, lumber, tile and other supplies in order to complete any job; going online or visiting local stores will give you an idea of which products offer the most value for your budget. Additionally, renting tools like saws and drills instead of buying them outright is another great way to save money.

Conclusion

In conclusion, the cost of renovating a BTO flat will vary depending on how much work is required. Generally, minor renovations such as painting and repairing plumbing can be done for a few thousand dollars, while more involved projects such as adding an extra bedroom or bathroom can cost upwards of several tens of thousands. Ultimately, the price of renovating a BTO flat depends on the scope and complexity of the job.

Mirvac Harbourside

Times Magazine

Building a Strong Online Presence with Katoomba Web Design

Katoomba web design is more than just creating a website that looks good—it’s about building an onli...

September Sunset Polo

International Polo Tour To Bridge Historic Sport, Life-Changing Philanthropy, and Breath-Taking Beau...

5 Ways Microsoft Fabric Simplifies Your Data Analytics Workflow

In today's data-driven world, businesses are constantly seeking ways to streamline their data anal...

7 Questions to Ask Before You Sign IT Support Companies in Sydney

Choosing an IT partner can feel like buying an insurance policy you hope you never need. The right c...

Choosing the Right Legal Aid Lawyer in Sutherland Shire: Key Considerations

Legal aid services play an essential role in ensuring access to justice for all. For people in t...

Watercolor vs. Oil vs. Digital: Which Medium Fits Your Pet's Personality?

When it comes to immortalizing your pet’s unique personality in art, choosing the right medium is ...

The Times Features

Do kids really need vitamin supplements?

Walk down the health aisle of any supermarket and you’ll see shelves lined with brightly packa...

Why is it so shameful to have missing or damaged teeth?

When your teeth and gums are in good condition, you might not even notice their impact on your...

Australian travellers at risk of ATM fee rip-offs according to new data from Wise

Wise, the global technology company building the smartest way to spend and manage money internat...

Does ‘fasted’ cardio help you lose weight? Here’s the science

Every few years, the concept of fasted exercise training pops up all over social media. Faste...

How Music and Culture Are Shaping Family Road Trips in Australia

School holiday season is here, and Aussies aren’t just hitting the road - they’re following the musi...

The Role of Spinal Physiotherapy in Recovery and Long-Term Wellbeing

Back pain and spinal conditions are among the most common reasons people seek medical support, oft...

Italian Lamb Ragu Recipe: The Best Ragù di Agnello for Pasta

Ciao! It’s Friday night, and the weekend is calling for a little Italian magic. What’s better than t...

It’s OK to use paracetamol in pregnancy. Here’s what the science says about the link with autism

United States President Donald Trump has urged pregnant women[1] to avoid paracetamol except in ...

How much money do you need to be happy? Here’s what the research says

Over the next decade, Elon Musk could become the world’s first trillionaire[1]. The Tesla board ...