You have a vision of your dream house and plenty of ideas on how you would go about doing a full house renovation for your home on the Gold Coast. However such an undertaking represents a substantial investment, so understanding where to start budgeting for this significant work is a must.
Varli Building has plenty of experience guiding homeowners through this process, so let us take a closer look at what you should consider when planning your budget.
Factors Influencing Renovation Costs
Let us start by analysing the main factors that influence the cost of a complete house renovation by answering the questions in each section:
Size and Scope of the Work
- What is the square footage of your home?
- How many rooms are involved in the project
- Are any structural changes required, like removing walls or adding extensions?
Materials and Finishes
- Are you looking for budget or high-end options, or something in between?
- For kitchens, will you need new cabinets, countertops and appliances?
- For bathrooms, what tiles and fixtures will you choose?
- What is your preferred flooring option? And will it be used throughout?
- What paints and trims would you like?
- Will you be installing new lighting fixtures?
Labour Costs
- What tradespeople will you need besides the builders? Think electrician, plumber, carpenter, painter and more.
- How complex is the project?
Council Approvals and Permits
- Will your project need a permit?
- Will your project need to be inspected?
- How much will these cost?
Location
- Where on the Gold Coast is your property located? (Location can affect delivery cost and labour rates.)
Setting a Realistic Budget
A clear, well-thought-out budget is a good start for a house reno project. Use this checklist to help you:
- Set a realistic amount you can afford to invest in this project.
- Allocate percentages to different parts of the renovation, e.g. kitchen and bathrooms.
- Get detailed quotes from reputable builders like Varli Building.
- Include a contingency fund for unexpected items and unforeseen hidden costs (10% for smaller projects and 15-20% for large projects)
- Document the project’s long-term benefits, including the improved resale value and lifestyle enhancements you can expect.
Why Choose Varli Building?
We have years of experience with this type of work and have all the knowledge and skills to guide you through your renovation process from dream to reality and all the nitty-gritty along the way.
Are you ready to get started on your full house renovation on the Gold Coast? Contact Varli Building today for expert advice, a free consultation and a quote.