How Much Does It Cost To
Engage Renovation Builders In Australia?
The actual price of home renovations in Australia depends on several factors, although historical data on renovation builders’ activity can provide some valuable insight.
In this blog, we’ll discuss three things to consider when planning for the cost of home renovation:
- Your choice of materials
- The cost of labour in your area
- The time of year
The Housing Industry Association reported that half of the home renovations in the country cost from $40,000 to $200,000 in 2017. Did you know your location can also affect the price of renovating a home.
For instance, renovation builders on Brisbane’s northside may quote a different rate for services compared to renovations builders on the Sunshine Coast.
Here are three other factors that ultimately determine the overall price of a home renovation:
Home Renovation And Builders’ Prices Vary For Homeowners
Your Choice Of Materials
The quality of materials you select can quickly inflate your budget. For instance, you should expect to spend more on kitchen renovations if you use granite or marble, compared to laminate. Custom-made cabinets and other fixtures will also incur additional expenses when compared to a flat pack kitchen for example.
Real wood is arguably the most expensive material to use for cabinetry. Hand-crafted and customised wooden cabinets, particularly ones made of maple, can fetch a premium price.
Wooden laminate is a smaller-budget alternative to real wood. It’s a lighter material, yet can still have the same rustic appearance.
As a general rule, materials of a higher quality and finish will be more expensive for a home renovation. With their industry knowledge, contacts, and years of experience, well-established renovation builders often know what options are better suited to your project, so it’s best to consult a professional to save you time, stress and money.
Cost Of Labour In Your Area
Contractors quote prices usually based per project, per hour or square foot of a home. Hourly rates are most common and the rate varies among states.
In Queensland, you may notice different quotes from renovation builders on Brisbane’s northside and housebuilders on the Sunshine Coast for example. Location isn’t the only deciding factor for labour expenses.
The complexity of a home renovation project also influences a professional’s rate. Take note that labour expenses will account for the biggest part of your budget for a major kitchen renovation.
A reason for this is the need for electricians, plumbers, cabinet makers, and tilers. For this reason, it’s often more efficient to seek out a boutique firm that also provides full project management services.
By doing so, you can enjoy the ease of participating in all the fun design and selection stages while leaving the time consuming, potentially more stress-related activities, like following up with numerous different people and coordinating multiple tradespeople, to someone else. Someone who also understands the value of customer relations and professional communication.
Time Of The Year: How It Affects Renovation And Builders’ Availability
When do you plan to renovate the house?
Your answer can also affect your budget for spending on renovation builders. Summer tends to be the most popular time for a construction project, but it can be a more costly time as well.
The demand for services usually increases between December and February because people have more time to renovate their homes. Additionally, hiring a builder on short notice can have an impact on the price.
Autumn can be an alternative time to renovate the house. The weather is neither cold nor hot, but you can risk not getting the project completed before winter.
Ready To Hire A Licensed Contractor?
Keep in mind that prices for renovation builders can change depending on market trends, demand, and supply. Be sure to check a contractor’s licence details to know that your home renovation will meet all required standards.
To find out how full project management can lower the price of your
upcoming development project