How Much Does a House Renovation Cost?

Renovating your home can be an exciting yet daunting task, especially when it comes to understanding the costs involved. At Cameron Construction, we often hear the question: “What’s the house renovation price?”

The truth is, there’s no one-size-fits-all answer. Renovation costs can vary widely based on factors like project scope, materials used, and location.

In this post, we’ll break down the key elements that influence renovation expenses and provide practical insights to help you plan your budget effectively.

What Drives Renovation Costs?

Project Scope and Complexity

The size and complexity of your renovation project significantly impact costs. A simple room refresh costs less than a full-scale home extension. Adding a second storey to your home can cost anywhere from $150,000 to $500,000 (depending on size and finishes).

Material Quality and Finishes

Your choice of materials can substantially affect your renovation budget. High-end finishes like marble benchtops or custom cabinetry increase costs significantly. Kitchen renovation costs typically range from $25,000 to $150,000, influenced by project scope and material quality.

Labour and Expertise Required

Skilled labour constitutes a significant portion of renovation costs. Complex projects that require specialised trades (such as electricians or plumbers) can quickly add up. In Australia, skilled tradespeople charge between $50 to $150 per hour. More intricate work translates to higher labour costs.

Location and Market Conditions

Your location plays a key role in determining renovation costs. Urban areas like Sydney and Melbourne often have higher labour and material costs compared to regional areas. Local building regulations and permit requirements can also increase your expenses.

Hidden Issues and Contingencies

Older homes often conceal surprises behind walls or under floors. We recommend setting aside 10-20% of your budget for unexpected issues. This contingency can cover anything from structural problems to outdated wiring that needs replacement.

Understanding these factors helps you prepare better for your renovation project. Quality materials and skilled labour often pay off in the long run, both in terms of durability and increased property value.

As we move forward, let’s explore the average costs for different types of renovations to give you a more concrete idea of what to expect for specific projects.

What Are Typical Renovation Costs?

Kitchen Renovations: The Heart of Your Home

Kitchen renovations often top the list for homeowners looking to upgrade their space. For a mid-range kitchen renovation, cabinets typically cost between $10,000 to $20,000, while benchtops range from $3,000 to $8,000.

Key cost factors include cabinetry, benchtops, and appliances. Custom cabinetry costs up to three times more than off-the-shelf options.

Bathroom Makeovers: Small Space, Big Impact

Bathroom renovations range from $10,000 for a basic refresh to $30,000 or more for a luxury overhaul. The average cost sits around $20,000 for a full renovation.

Plumbing fixtures contribute significantly to bathroom renovation expenses. A standard toilet costs about $150, while high-end models reach $1,000 or more. Shower installations vary widely, from $500 for a basic unit to $5,000+ for a custom glass enclosure.

Living Spaces and Bedrooms: Comfort Meets Style

Living room and bedroom renovations typically cost less than kitchens or bathrooms, as they don’t require extensive plumbing or electrical work. Costs range between $4,000 to $10,000 per room, depending on the extent of changes.

Flooring often represents the biggest expense in these spaces. Carpet installation averages $30 to $40 per square metre, while hardwood flooring costs $60 to $120 per square metre.

Exterior Renovations and Landscaping: Curb Appeal Matters

Exterior renovations significantly boost your home’s value and appeal. Home renovations can generally be estimated to cost between $1,600 and $3,700 per square metre. While DIY projects can help cut costs, it’s important to consider professional help for complex tasks.

Painting the exterior of your home is another popular renovation. Expect to pay between $12 to $60 per square metre, depending on the home’s size and paint quality.

These figures represent averages, and your actual costs may vary. Factors like your home’s age, local building codes, and current market conditions all influence the final price tag of your renovation project. To get a more accurate estimate for your specific renovation needs, it’s best to consult with experienced professionals who can assess your unique situation and provide tailored advice.

How to Manage Your Renovation Budget

Get Multiple Quotes

Don’t settle for the first contractor you find. Get at least three quotes for your project. This practice gives you a better understanding of fair market rates and helps you avoid overpaying. When you compare quotes, look beyond just the bottom line. Consider the contractor’s experience, reputation, and the quality of materials they propose.

Prioritise High-Impact Areas

Not all renovations offer equal return on investment (ROI). Kitchen and bathroom upgrades typically offer the best ROI, with minor kitchen remodels often recouping 70-80% of their cost when you sell your home. Bathroom remodels, on average, recoup 72.7% of their cost at resale. If you work with a limited budget, focus on these areas for maximum impact.

Explore Cost-Effective Alternatives

Small changes can make a big difference. Instead of a full kitchen remodel, update cabinet fronts and hardware. This approach can refresh your space at a fraction of the cost. In bathrooms, re-grout tiles or update fixtures to give a new look without the expense of a complete overhaul. A fresh coat of paint remains one of the most impactful and budget-friendly renovations.

Budget for Unexpected Costs

Renovations often uncover hidden issues, especially in older homes. Set aside 5-10% of your total budget as a contingency fund. This buffer can cover unexpected costs like structural repairs or outdated wiring that needs replacement. You’ll appreciate this foresight if surprises arise during the renovation process.

Consider DIY Options (Carefully)

Some tasks you can handle yourself to save money. Painting, simple landscaping, or installing new light fixtures are examples of DIY-friendly projects. However, know your limits. Complex tasks (electrical work, plumbing, structural changes) require professional expertise. Attempting these yourself can lead to costly mistakes and safety hazards.

Final Thoughts

Home renovation costs vary based on project scope, materials, labour, and location. Thorough research and planning help create a clear vision for your project and avoid costly changes. We at Cameron Construction bring over 40 years of expertise to every project, ensuring your renovation aligns with your vision and lifestyle needs.

Our team handles everything from kitchens to multi-storey home expansions, focusing on enhancing comfort, functionality, and aesthetics. We provide quality craftsmanship, transparent communication, and detailed quotes. Our award-winning status and commitment to delivering projects on time and within budget provide peace of mind throughout the renovation process.

A well-executed renovation is an investment in your future comfort and property value. The house renovation price reflects the transformation of your living space into the home you’ve always dreamed of. With smart budgeting and professional support, you can achieve remarkable results that stand the test of time.