Have you been wondering how much will home renovations cost? Then this blog is just for you
Published on 08 June 2022, 12:04:17 PM
According to market experts, based on the climatic conditions and the quality of construction, the average lifespan of a modern residential building is 60 to 75 years. However, that doesn’t mean it requires no renovation for all those years.
If you purchased your house 8 to 10 years ago, it is most likely time to spruce up your property. In fact, a fresh coat of paint is recommended every 5 to 6 years. Whereas, plastering and waterproofing should be done every 10 to 12 years. But how much will home renovations cost, you are probably wondering? And these are just the bare essentials. What about interior renovations where you want to give your house a complete makeover?
If you too have been wondering how much will home renovations cost, we hate to break it to you but there is no direct answer that can be Googled. However, in this blog, we will look at factors that can have an impact on how much will home renovations cost.
Factors To Decide How Much Will Home Renovations Cost
The cost of your home renovation project will likely depend on several factors. These include the age and size of the property, the climatic condition, the location, the extent of repairs required, and the materials used in the construction of the building among other factors. Plus, if you want to customize your home with additional features, the renovation cost could further drive up.
For instance, if your modular kitchen requires odd-sized cabinets and units, it will cost you more as compared to standard-sized units. Or, if your 2 BHK apartment is 800 square feet, the interior design price will cost you much lesser as opposed to a 2 BHK apartment that is 1,200 square feet.
Estimating How Much Will Home Renovations Cost
While contemplating how much will home renovations cost, follow the following thumb rule. Never spend more than the value of each room as a percentage of your overall house value. A good starting point would be to arrive at the approximate value of your house. Assuming, your kitchen is worth 10% of the total property value, your renovation costs should match the value likewise.
For instance, if your home costs INR 40 lakhs, your kitchen renovations should not exceed INR 4 lakhs. Prioritize the upgrades you want to make and the materials you can afford for it within your budget and decide accordingly. Renovating a kitchen could involve replacing cabinets, countertops, and appliances which often cost more than what you would spend on renovating a living room.
Make wise and informed choices so you don’t exceed your budget. If you wish to revamp your flooring, there are several flooring options to choose from. With the advancements in technology, there are tiles with a click and lock mechanism called Click-N-Lock tiles from Welspun Flooring that are easy to install and easier to maintain. They are stain-resistant and waterproof making them a highly durable option worth the renovation for a long time. To know more, click here.
Closing Thoughts
Renovating your house can be a daunting affair if you aren't prepared with a plan in mind and a well-thought-out budget. When done right, it can raise the value of your home while beautifying it to the next level. Renovations also allow you to upgrade your home with the latest-in-the-market technology and building materials to stay on top of your game.
If you are looking to upgrade your home tastefully, we at Welspun can help you do that. Have a look at our extensive catalogue of flooring options to change the look and feel of your home. Our flooring options include the latest patterns, designs, and textures that offer both performance and aesthetics to enhance the grandeur of your home interior.
Give us a call to discuss more. We would love to help you choose the right flooring option for your home renovation project and make it more visually appealing.
