Are you planning a home renovation in Singapore? Before you choose paint colors or buy furniture, it’s important to know the costs. You can use our renovation calculator to help you figure that out.
This easy tool helps you see how much your home renovation will cost. It is a helpful guide for making a budget that matches your dream home plans. You can stay on track without spending too much.
Key Highlights
- Estimate renovation costs: Use our free renovation calculator to see how much your home makeover will cost in Singapore. It checks your needs, like the size of your home and the scope of work.
- Plan your budget: Learn how different things can change renovation costs in Singapore. This includes the type of property, the work you need, and the materials you pick.
- Save on renovations: Discover expert tips to help you stick to your budget and still achieve your dream home.
- Finance your project: Explore several options for financing, like renovation loans and personal loans, to fund your renovation easily.
- Make informed decisions: Our detailed guide offers helpful insights, comparisons, and expert advice. This will help you make smart choices during your renovation in Singapore.
Renovation Costs in Singapore
Renovation costs in Singapore can vary a lot. There are several reasons for this. The type of property matters, as well as the scope of work you plan to do.
The quality of materials and the fees for professionals also affect the cost. For instance, renovating a condo often costs less than renovating an HDB flat. This is usually due to existing fittings that can help you save money on carpentry and tiling.
Older homes often need more repairs or updates. This can raise your costs. If you know what factors affect these expenses, you can make a realistic budget. A good budget will help you avoid surprise costs during your renovation.
Key Factors Influencing Your Renovation Budget
One important thing that shapes renovation costs is the type of home you have. For instance, renovating a condo in Singapore might be cheaper than fixing an HDB flat. Condos often already have features like flooring and storage. This can help reduce costs for carpentry and tiling. The age of the home is also a big factor. Older homes, like resale flats, can need more fixes or upgrades. This can lead to higher costs.
The scope of work is important. A small update, like painting or simple repairs, usually costs less than a full renovation. A full renovation may involve tearing down walls, re-tiling, and lots of carpentry work. It is best to explain the changes you want clearly. Speak with your chosen professionals to get the right cost based on how complex the project is.
Your choice of materials can greatly change the cost. Things like flooring, tiles, countertops, and fixtures vary in price and quality. By looking at different options, comparing costs, and knowing how long each material will last, you can make choices that fit your style and budget.
Average Cost Range for Different Home Sizes
The size of your home impacts the cost of renovation. A bigger home requires more materials and more labour, leading to higher costs. For instance, renovating a large 5-room HDB flat often costs more than fixing a smaller 3-room flat with the same scope of work. Similarly, renovating a multi-storey house will be more expensive than updating a single-level apartment of the same size.
To help you understand the possible costs, here is a simple table showing average prices for different types of homes in Singapore:
| Home Type | Size (sqm) | Estimated Renovation Cost (SGD) |
| 3-Room HDB Flat | 60 – 75 | $25,000 – $60,000 |
| 4-Room HDB Flat | 85 – 100 | $35,000 – $80,000 |
| 5-Room HDB Flat | 110 – 130 | $45,000 – $100,000 |
| New Condo | Varies | $30,000 – $90,000 |
| Resale HDB flat | Varies | Add $10,000 – $30,000 to a comparable new BTO flat |
- Keep in mind that these numbers are only an estimate.
- Your actual costs could be different.
- They usually depend on what you require, the materials you select, and the professionals you hire.
Resale Property Costs
| Property Type | Basic (SGD) | Mid-Range (SGD) | Luxury (SGD) |
|---|---|---|---|
| 3-Room Resale | 65,000 – 88,000 | 88,000 – 100,000 | 100,000+ |
| 4-Room Resale | 58,000 – 72,200 | 72,200 – 90,000 | 90,000+ |
| 5-Room Resale | 78,600 – 93,500 | 93,500 – 120,000 | 120,000+ |
| Resale Condo | 40,000 – 60,000 | 60,000 – 100,000 | 100,000+ |
| Landed Property | 100,000 – 200,000 | 200,000 – 350,000 | 350,000+ |
Planning Your Renovation: Steps to Take Before You Start
Good planning is important for a successful renovation project. First, think about what you really need and what is most important to you. Look at which changes are necessary and which ones you can skip. Then, set a budget that fits your needs. Check average costs, ask for quotes from different professionals, and remember to account for any unexpected expenses.
Setting a budget is key before starting your home renovation. First, write down what you truly need. Next, separate those things from what would be nice to have. After that, decide what you can afford. Divide your money based on your needs. Do not forget to think about future costs, like furniture or appliances.
Also, you can find ideas in magazines, on websites, and in showrooms. These will help you choose your design. After you know what you want, it’s time to select the right people for your project.
Setting a Realistic Budget for Your Project
After you know your budget, get quotes for renovations from at least three different contractors or interior designers. Check these quotes carefully. Make sure they cover everything for the project, such as materials, labor, and extra fees. If anything is unclear, ask for more information.
Remember, the lowest price isn’t always the best choice. It’s important to check the contractor’s or designer’s reputation. Look at their extensive experience and see how well they communicate. A quote that is slightly higher from a good professional with a strong record and positive client reviews could save you time, stress, and money in the long run.
Choosing the Right Professionals: Contractors vs. Interior Designers
One of the first choices you have to make when starting your renovation is if you should hire an interior designer (ID) or a contractor. This choice depends on your confidence in managing the project, how much help you need with design, and your budget.
Interior designers provide complete services. They help with everything, from planning to making sure the work is done right. They can turn your ideas into clear plans, create 3D images, choose materials, and work with contractors for you.
However, getting extra help often costs more. Interior designers usually charge higher fees compared to contractors. If you know what you want and feel sure about the design, a contractor might be a better choice. Contractors concentrate on the practical part of the job. They carry out the renovation works based on your drawings and instructions.
In the end, pick what you truly need and like. Think about your choices. Check your budget and how much you want to participate. Also, think about how detailed your designs are. Consider how important it is for your renovation project to have a matching look.
Core Differences
| Aspect | Contractor | Interior Designer |
|---|---|---|
| Primary Role | Executes construction work | Creates design concepts and plans |
| Expertise | Technical construction, Building works | Space planning, Aesthetics, Design |
| Project Scope | Implementation of plans | Design development and project management |
| Cost Range | Generally lower fees | Higher fees with design charges |
| Timeline | Varies by project scope | Includes design and execution phase |
Service Comparison
| Service Element | Contractor | Interior Designer |
|---|---|---|
| Design Planning | Basic implementation | Comprehensive design solutions |
| Project Management | Construction focused | End-to-end management |
| Material Selection | Basic recommendations | Curated material choices |
| Space Planning | Follows given plans | Creates optimal layouts |
| 3D Visualization | Usually not provided | Included in service |
| Subcontractor Management | Direct management | Coordinates through contractor |
Cost Breakdown for Essential Renovation Works
| Work Type | Light (SGD) | Moderate (SGD) | Extensive (SGD) |
|---|---|---|---|
| Hacking | 288 – 675 | 675 – 2,688 | 2,688 – 8,100 |
| Masonry | 725 – 2,538 | 2,538 – 9,325 | 9,325 – 20,800 |
| Carpentry | 2,575 – 4,475 | 4,475 – 13,338 | 13,338 – 24,300 |
| Plumbing | 1,000 – 5,800 | 5,800 – 8,700 | 8,700 – 46,700 |
| Electrical | 1,100 – 2,500 | 2,500 – 9,550 | 9,550 – 16,700 |
| Painting | 850 – 1,700 | 1,700 – 4,950 | 4,950 – 8,500 |
Room-Specific Costs
| Room Type | Basic (SGD) | Mid-Range (SGD) | Luxury (SGD) |
|---|---|---|---|
| Kitchen | 10,000 – 20,000 | 20,000 – 40,000 | 40,000+ |
| Bathroom | 5,000 – 10,000 | 10,000 – 20,000 | 20,000+ |
| Living Room | 5,000 – 15,000 | 15,000 – 30,000 | 30,000+ |
| Bedroom | 5,000 – 15,000 | 15,000 – 30,000 | 30,000+ |
Knowing the cost of renovation works is important for good budgeting. Start by looking at large expenses like hacking. Hacking is about tearing down and rebuilding walls. It can cost between $400 and $700 for each wall.
Masonry work involves tasks like tiling, flooring, and other works that use wet materials. The cost for this work typically falls between $1,300 and $3,000. This price can change depending on the material quality and the size of the area where the work is done.
Next, think about the costs of carpentry. This covers items like wardrobes, kitchen cabinets, and storage. The prices can be between $3,400 and $6,100. The cost varies based on the design complexity, size, and materials you choose.
- Be sure to include important services such as electrical work, painting, and plumbing.
- These services are vital for a complete renovation.
Costs Associated with Common Renovation Areas
Your living room is a key part of your home. It offers many chances to change things up. A small update, like fresh paint and new lights, can cost around $700. However, larger updates, such as feature walls or custom TV stands, will cost a lot more.
The kitchen is a place where costs for renovation can rise fast. For a basic upgrade, such as good cabinets and strong countertops, you should plan to spend between $800 and $2,600. If you want a chef-style kitchen with high-quality appliances, be ready to pay over $11,950.
Bathrooms often need updates when they are remodeled. The costs can change a lot. You should plan to spend between $550 and $6,550 for basic updates like new tiles, toilets, and showerheads. Remember to add costs for electrical work to improve lighting and air flow. If you want a fancy spa-like bathroom with nice fixtures and high-end items, it could cost over $8,600, depending on what you choose.
Material Choices and Their Impact on Your Budget
Choosing the right materials is important for saving money during renovations. You can help your budget by using cheaper choices. For example, choose laminate flooring instead of hardwood. This can still look nice. For kitchen cabinets, think about using plywood instead of solid wood to save even more.
For your windows, think about using aluminium frames. They are cost-effective, durable, and look modern. Check out different stores and compare prices for important fixtures like faucets, sinks, and lights. These affordable items can add up fast.
It’s important to remember that picking cheaper quality to save money might not be a good choice later. Instead, try to balance cost and how long things last, especially for items that matter. This way, you can use your renovation budget to create a space that reflects your style and meets your needs.
Smart Ways to Save on Your Home Renovation
Saving money on your renovation project means planning carefully. You must make smart choices. Start by focusing on important upgrades instead of just how things look. Pay attention to areas like flooring, plumbing, or electrical work. These improvements will help your home last longer and work better. Think about fixing things you have, like cabinet doors or light fixtures, rather than buying new ones.
You can find low-cost materials that still look good. For example, laminate flooring can look like hardwood or stone, but it costs less. If you choose energy-efficient appliances, you can save money on your utility bills over time. This makes your renovation worth the investment.
Tips for Cost-Effective Renovations
Navigating a home renovation project needs careful planning and action. To manage the cost of renovation well, you must make smart choices. Keeping quality and durability in mind is important throughout the process. Here are some useful tips:
- Plan carefully: Make a clear plan that shows your renovation goals, what you want to do, and what materials you will use. This can help keep costs down later.
- Shop around for materials: Look at prices from different stores to find the best deals on things like tiles, flooring, and paint. Don’t be shy to ask for discounts, especially for big purchases.
- Choose durable materials: Select strong materials for busy areas like floors and countertops. This helps decrease the need for repairs or replacements, saving you money in the long run.
- Consider DIY for small tasks: If you feel good about it, try doing simple jobs like painting or putting up light fixtures. This can help you save on labour costs.
- Check for warranties: Always ask about warranties for your materials and appliances. This can help protect you from extra costs if something breaks or has a problem.
How to Make the Most of Your Renovation Investment
A home makeover is a big investment in renovation. If you make smart choices, you can earn a good return. It also allows you to create a space that shows your style and meets your needs. Start by looking for trustworthy professionals. Get several free quotes from different contractors and designers. Compare them to find good prices and ensure you get quality work.
Think about the long-term benefits instead of only saving money right now. Use strong and good-quality materials in areas that see a lot of use. These areas include flooring, countertops, and bathroom fixtures. Choose designs that will remain in style.
Avoid trends that may go out of fashion quickly. This will help your home look good for many years. When you plan a renovation the right way, you can improve your home and increase its value. It is a smart investment in the end.
Factors Affecting the Cost of Renovation in Singapore
Starting a home renovation in Singapore requires careful planning. You need to consider several things that can affect costs. It is not just about what you want to do or the materials you choose. There are many other details to think about. Knowing these factors is important to see how your renovation budget can lead to good outcomes.
In the next parts, we will look at these things closely. This will help you make smart choices for your home renovation project in Singapore.
Type of home
The type of home you have can greatly affect your renovation budget. HDB flats and condos often have different starting prices. This means the total costs will also be different. Condos might appear more modern, but you may still need to make changes to fit your style or to follow building rules. Older condos could need updates to plumbing or electrical systems, which can make costs go up.
New HDB BTO flats usually need some work because they are simple when you get them. They tend to be cheaper to fix than resale flats. On the other hand, resale flats might require more repairs. This can mean taking out old tiles or tearing down walls.
When planning your budget, it’s good to know these details about your type of home. If you think about these factors early, you can build a realistic budget. This will help you achieve the results you want for your home renovation in Singapore.
Amount of work that needs to be done
The work you need for your renovation can really impact your budget. A simple update, such as painting, changing fixtures, and doing some carpentry work, will cost less. However, a full remodel, which involves taking down walls, rewiring, and building custom furniture, will be more expensive.
If you have a larger scope of work, it can greatly change your space, but it will likely cost more. It’s important to set clear renovation goals and decide what is most important to you. Do you want a total transformation with major changes? Or do you just need a small refresh that improves both function and appearance without too much effort?
Knowing the amount of work you need and what you want can help set clear expectations. It also helps keep your budget in check for your home renovation. A clear scope of work allows you and your contractor to understand what needs to be done. This reduces the chance of going over budget and avoids misunderstandings.
Type of materials used
The materials you pick can change the price of your renovation a lot. Each item, such as flooring, wall coverings, countertops, and fixtures, has its own cost. For example, natural stone tiles for the floor usually cost more than ceramic or laminate floors.
Choosing fancy bathroom fittings like rain showers, designer faucets, or nice bathtubs will be pricier than simpler, more practical options. It’s important to consider your choices carefully. Think about where you should spend more for better materials that match your lifestyle and can add value to your home.
Finding a way to balance what is beautiful and what you can afford is very important. You should check out different materials. Know how long they last and think about how much care they need. These choices will help your renovated space look good and work well without costing a lot.
Type of interior design theme
The style of your interior design can affect how much money you spend on your renovation. Some designs are cheaper, while others are more expensive. This depends on several factors, like the materials you choose, the complexity of the design, and the amount of work needed. A simple and minimalist look tends to cost less. In contrast, a detailed classical theme often needs more effort and may require custom-made pieces, which can raise the cost.
An industrial style with exposed bricks and simple finishes can cost less. This is different from a fancy Art Deco style, which requires special materials and skilled workers. It is key to know what you like. You should also explore themes that fit your budget and consider how detailed you want them to be.
Working with a good interior designer can make things easier for you. They help you get the look you want without going over your budget. They can also suggest budget-friendly choices that won’t change your design plan. When you know how your design theme affects costs, you can better control your budget. This way, you can start a renovation that shows off your personal style.
Choice of interior designer or contractor
Choosing an interior designer or a contractor can change your renovation costs. A contractor focuses mainly on building and construction work. On the other hand, an interior designer provides many services. They help with designing, find the necessary materials, and manage the entire project.
Hiring an interior designer may cost more at the start. You have to pay for their design fees and project management, which increases your renovation quotation. However, their skill helps make a lovely space. With good planning, you can save money later by preventing expensive mistakes or changes down the line.
Your choice will mostly rely on your budget and how complex your design is. If you are clear about what you want and feel comfortable doing some parts yourself, hiring a contractor might save you money. However, if you need more help with design, project management, and expert advice, hiring an interior designer can be a great option.
How to Finance Your Home Renovation in Singapore
Financing your dream home renovation requires looking at various choices and knowing the terms and interest rates. A smart option is a renovation loan. This loan helps you pay for home improvement costs and often has lower interest rates than personal loans. It also offers flexible repayment terms, which makes it easier for you to handle your monthly payments.
You can use your savings or think about getting a personal loan. Personal loans might have higher interest rates than renovation loans. However, they give you more freedom to spend the money. You can use a personal loan for extra things, like furniture or appliances, along with your renovation.
Before you pick a financing option, spend some time to research. Look at interest rates, loan terms, and what banks require for eligibility. Know the total amount you have to pay back and add that to your budget. This will help you build a strong financial plan for your home renovation.
Financing Options for Your Renovation Project
Financing your home makeover can be simple and stress-free. You have many choices that match different budgets and money needs. If you want a low-interest loan for your renovation or a personal loan for other costs, understanding your options can help you decide better.
Next, we will look at popular financing options in Singapore. We will discuss their features, who can qualify, and the benefits they provide. This information can help you pick the best way to support your home renovation.
Overview of Loans and Grants Available in Singapore
| Loan Type | Interest Rate (p.a.) | Maximum Amount | Tenure |
|---|---|---|---|
| Bank Renovation Loan | 4.18% – 5.68% | 6x monthly salary or S$30,000 | Up to 5 years |
| Personal Loan | 3.2% – 8% | Up to S$250,000 | 1-7 years |
| Home Equity Loan | 2.8% – 3.9% | Up to 75% of property value | Up to 35 years |
Bank-Specific Renovation Loans
| Bank | Interest Rate (p.a.) | Special Features |
|---|---|---|
| OCBC | 4.18% (Regular) 3.98% (Eco-Care) | S$88 bill rebate for Eco-Care |
| DBS/POSB | 4.18% (Regular) 3.88% (Green) | Up to 4 cashier orders |
| HSBC | 3.2% (Regular) 2.6% (Premier) | 1-minute approval |
| Standard Chartered | 3.48% | High loan ceiling |
To pay for your renovation, it is important to know what loans are available. In Singapore, there are loans specifically for homeowners who want to make their homes better. Big banks and finance companies provide these loans. They usually have good interest rates and flexible plans for paying back. This is why many people choose them for their renovation projects.
In some cases, owners of new HDB flats or those making special changes to save energy or improve access can receive grants. These grants are provided by government agencies. They give financial help through subsidies or partial refunds. This can lower the total cost.
Before you sign any loan agreements, it’s important to compare interest rates, loan lengths, and eligibility requirements from different lenders. Some banks offer special deals for renovation loans, so make sure to ask about those. It can also help to talk to a financial advisor. They can explain how your choice may impact you in the long run and assist you in finding financing that fits your financial goals and situation.
Comparing Interest Rates and Terms
Before you choose how to pay for your home renovation, compare interest rates and loan terms from different banks. A small change in the interest rate can affect how much you will pay back later. Look closely at the annual percentage rate (APR). It shows the total cost of borrowing, counting interest and any extra fees
Bank Renovation Loans
| Bank | Interest Rate (p.a.) | Maximum Loan Amount | Tenure |
|---|---|---|---|
| OCBC | 4.18% (Regular) 3.98% (Eco-Care) | 6x monthly salary or S$30,000 | 5 years |
| DBS/POSB | 4.18% (Regular) 3.88% (Green) | 6x monthly salary or S$30,000 | 1-5 years |
| Maybank | From 4.08% (Home Loan customers) | 6x monthly salary or S$30,000 | Up to 5 years |
| UOB | Contact bank | 75% of renovation costs | Up to 35 years |
Renovation loans often have lower interest rates. If you need money for things besides the renovation, like new furniture or appliances, a personal loan might be a better choice. However, keep in mind that personal loans usually have higher interest rates. This can increase your overall costs.
Make sure you check and compare offers from different banks. This will help you find the best deal for your needs and budget. You can also try to negotiate the terms and plans for repayment. It’s important to choose an option that suits your finances and helps you feel comfortable while managing your home renovation.
Conclusion
Updating your home in Singapore may seem hard, but it can be easy with good planning and a smart budget. It’s key to know what impacts renovation costs. The main things to consider are the size of your home, the materials you choose, and the design style you like.
By making smart choices and looking for budget-friendly options, you can cut down your renovation costs while still keeping good quality. Also, don’t forget to check out financing options in Singapore to help with your project. For more info on costs and tips from professionals, read our FAQs or ask experts for quotes to start your renovation journey.
Frequently Asked Questions
What is the best way to estimate renovation costs in Singapore?
The best way to find out renovation costs in Singapore is to use a renovation calculator. You can also request a free quote from a reliable contractor or an interior designer.
Can I renovate my home in Singapore without hiring an interior designer?
You can choose to do the work yourself or hire someone to help. If your project seems hard, an interior designer can be very helpful. They can give you design ideas and help you pick the right materials. The level of difficulty and the scope of work will help you decide if getting an ID is the right choice for you.
What factors should be considered when estimating the cost of a renovation project in Singapore?
Many things can affect renovation cost. The type of home is important. The design theme you choose also matters. The materials you select will count, too. The difficulty of the work is another factor. Lastly, the reputation of the professionals you hire can make a difference as well.
Are there any hidden costs associated with renovating a property in Singapore?
When you renovate in Singapore, you may face hidden costs. These costs can include surprises you didn’t plan for. For instance, there might be structural issues that come up. You may also have to pay for permits. The cost of materials could change, too. A solid budget and backup plans can help lessen the effect of these extra expenses.
How can I ensure that my renovation project stays within budget?
Careful planning is very important for a successful renovation. First, create a detailed budget. Next, check how much materials cost. Make sure to keep some money aside for any unexpected expenses. Following these steps will help keep your renovation project on budget.
Are there any reputable resources or tools available to help me calculate the cost of a renovation in Singapore?
Yes, there are many tools you can find online. These tools help homeowners in Singapore figure out their renovation cost. Trusted interior design firms and contractor platforms offer free quote services. These resources are useful for planning your budget for the renovation.
