Hi,
My hubby and I are interested in doing some renos and I understand how to crunch the numbers, but how do we accurately (or at least moderately accurately) estimate the costs of specific reno features. For example, how do we know how much it will cost to redo a bathroom, or install a new kitchen? Trades won't come in a quote until you own the property (or at least have an accepted offer on it). I find my hubby is often just guessing at how much something would cost to do, and I don't find that acceptable. Is there any way to do good estimates? Would appreciate any help or advice...thanks.
Renos - working out accurate numbers on reno
Thu, 15/09/2016 - 2:24pm
#1
Renos - working out accurate numbers on reno
Hi Susan,
This is a bit difficult as it depends on market demand. Some times trades are flat out and other times not. I personally go out and find out the cost of a Bunnings or IKEA flat pack kitchen and then go to the kitchen places in industrial areas and start asking what's the average cost of an install. About 2 years ago in Castle Hill in Sydney one kitchen place was saying the were doing kitchens between $19k and $29k.
I like to get the raw material costs tiles, plaster, timber, glue, paint etc and then hourly rates of labourers, trades, designers etc. You can then start to put things together from a component level.
Also i just did a ring around for the Northern NSW building costs.
Industrial tilt panel sheds 900 - 1100 psqm
Residential cheapo 1100
Residential mid quality 1300 - 1600
Cheers,
Dion.
Dion
0419 486 672