How much would it cost to renovate a condo?

Asked By: Kremena Chepurkovsky | Last Updated: 15th April, 2020
Category: home and garden home improvement
4.2/5 (48 Views . 42 Votes)
Renovation Cost Breakdown by Home Type
Home Type Cost Per Square Foot
Condo $75-$100
Apartment $25-$40
Row House $25-$75
Farmhouse $10-$50

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Simply so, how much can you renovate a condo?

Your house size, property type and the number of rooms you wish to renovate, can greatly affect the cost of your renovation. For example, the average condo renovation ($49,000) costs less than HDBs ($53,000), and resales ($74,500) can cost almost twice as much to renovate when compared to new homes ($42,000).

Also, how much does it cost to renovate a 2 bedroom apartment? Living room renovations can cost between $10,000 and $15,000, depending on the size of your living room. Simple jobs like painting won't cost too much, of course, but if you want to replace flooring, put in a new lounge, add light fixtures or move electrical elements you can expect to spend $15,000 or more.

Thereof, how much does it cost to renovate a small apartment?

For example, in a 700-square-foot, one-bedroom apartment, a renovation will come in around the $50,000 to $70,000 range, while a gut renovation will likely exceed $100,000.

How much does it cost to renovate a kitchen in a condo?

Small Kitchen Remodel Costs and Condo Renovations The rate to update a small kitchen is between $5,000 and $20,000, depending on what you install, repair or upgrade. For this room, small is defined as 70 square feet or smaller. You'll have limited options for a project of this size.

38 Related Question Answers Found

Can I knock down walls in my condo?

“Structural walls cannot be moved because you're dealing with the integrity of the building,” says Nazar. In a home, a contractor can take down a wall and strengthen the structure with a supporting beam. Structural changes in a condo are tricky. That's why it's important to hire a condo renovator.

How much is a full house renovation?

On average, doing a complete house renovation costs $40,000-60,000. However, most homeowners choose to tackle one room or project at a time. This saves money and makes the process less overwhelming.

Can you modify a condo?

Yes of course you can remodel a condo! That being said, most condos have homeowners associations that will limit some changes, like noisy wood floors, that might affect other people in the building. That varies from condo to condo however, and those types of restrictions are generally fairly limited.

How much does a full house renovation cost?

According to Service Seeking, minor renovations can cost as little as $20,000, but you can easily go over $300,000 for a complete transformation. Most of these costs go to labour, while the next biggest expense is sourcing materials.

How can I reduce renovation costs?

Check out these smart ways to save on home renovation costs to achieve the home of your dreams without blowing wads of cash.
  1. Don't do a complete remodel.
  2. Pick decent, midgrade materials.
  3. Do prep work yourself.
  4. Go DIY, but know your limits.
  5. Shop around for the best (and budget-friendly) contractor.

How much should a kitchen renovation cost?

A standard kitchen renovation costs anywhere from $15,000 to $40,000, with the median overall spend currently sitting at $20,000. For this budget range you can expect to choose engineered stone benchtops, polyurethane cabinetry and a glass splashback.

How much does it cost to hack a HDB wall?

Renovation budget estimates for a 4-room HDB flat
Renovation component Light Moderate
Hacking $100 to $600 $600 to $900
Masonry $200 to $1,300 $1,300 to $2,800
Carpentry $200 to $4,400 $4,400 to $7,500
Ceiling & partition Up to $600 $600 to $1,100

Is it cheaper to renovate or build new?

If you want cheaper, remodel. Even a wide-ranging whole-house remodel will still be cheaper than tearing down and building anew. According to Roger Greenwald, RA, AIA, "the cost of tearing down and rebuilding will be about 20 percent higher than engaging in an extensive whole-house remodel.

How do you renovate a house while living in it?

Below are some tips:
  1. Set up space to live. Obviously, you'll need a place to prepare food, use the bathroom, sleep, do homework, check emails and pay bills.
  2. Protect your space from dust. I should say protect the space from dust as much as possible.
  3. Protect your little ones.
  4. Remove unnecessary items.
  5. Move.

Is it better to remodel or move?

Moving vs. Remodeling: Pros and Cons. Remodeling may not be as exciting as buying a new home, but it could be a more cost-effective move in the end. Sellers may receive a higher sales price for their home, but they'll likely pay more when they go to take out a mortgage for a new property.

What should I renovate first?

When It's Time To Renovate, What Comes First?
  • Do your floors first. People like Sharkey believe in doing the floors first and then working up and out.
  • Just kidding. Do your floors last.
  • Do your kitchen first. A kitchen remodel typically yields about a 70 percent return on investment.
  • On second thought, wait on the kitchen.

How much does it cost to finish a 1000 sq ft basement?

How Much to Finish a Basement: DIY vs. Pro
Size DIY Cost Professional Cost
Small (< 700 square feet) $5,500 $15,000
Average (700-1,000 square feet) $8,000 $18,500
Large (1,000+ square feet) $15,000 $35,000

How much should a small bathroom remodel cost?

The national average to remodel a small bathroom is typically $6,500, but it can range anywhere from $1,500 up to $15,000 or more. For a complete remodel, you will likely pay $70/sq. ft. for low-end fixtures with DIY labor, and up to $250/sq.

When remodeling a house where do you start?

The first step is to develop an idea of what you want to do with your home remodel. Write a prioritized list of your needs and wants. There are many sources to find design ideas for your home remodeling project. Look at magazines and websites and collect pictures of homes or remodeling projects you like.

Is buying a fixer upper worth it?

You have the opportunity to make the home worth a great deal more than you paid. Fixer-upper homes are typically 8% below the market value. You will pay less in property taxes because they are calculated based on your home's sale price.

How much does it cost to redo a bathroom?

Average bathroom remodels fall between $9,600 to $11,000 in costs. A low-end remodels typically cost around $2,500 while high-end remodels cost around $23,000.

What does a bathroom renovation cost?

A report by Open Agent suggests that, regardless of size, budget bathroom renovations cost between $5000 and $15,000, a standard renovation costs between $15,000 and $25,000, while a premium or luxury bathroom renovation can skyrocket to more than $25,000.