Renovation Budgeting 101: Why a Square Metre Rate Can’t Predict Your Project’s Costs
Renovation Budgeting 101: Why a Square Metre Rate Can’t Predict Your Project’s Costs
As a homeowner, you’re likely excited about your renovation project and the prospect of transforming your living space into something beautiful and functional. However, one question that often arises is why it is difficult for builders to provide a square metre rate for renovation works. In this blog post, we’ll explore why builders can’t give a flat rate, plus offer tips on how to plan a successful renovation. At the heart of the issue is the complexity of renovation projects. Each project is unique, with its own set of challenges, requirements and specifications. As a result, it’s difficult to come up with a standard square metre rate that applies across the board. Factors that can affect the cost of a renovation project
- The scope of the project
Renovation projects can range from small-scale renovations to extensive overhauls. The size of the project, and the work required, will have a significant impact on the cost.
- Materials
There is a wide variety of materials available on the market, from budget-friendly options to high-end finishes. The cost of the materials you choose will impact the overall cost of the project.
- Labour
Labour costs will vary depending on the complexity of the work, the number of tradespeople required and their experience and expertise.
- Site access
The accessibility of the site can also affect the cost of the project. Additional work may be required if the site is difficult to access, which can increase the overall cost.
- Building codes and regulations
Depending on the scope of the project, there may be additional work required to ensure compliance with building codes and regulations. Given all these factors, it’s difficult for a builder to provide an accurate square metre rate for renovation works. Instead, they will need to provide a detailed proposal that takes into account all the specific requirements of your project. This provides a more accurate cost estimate that reflects the work required and the materials needed.
Andy is the Director and Registered Builder for Perway Construction Services. He commenced his career in the construction industry almost 20 years ago as a Carpenter. He offers clients his specialized advice and knowledge on their project, what’s best for their long term return on investment and how to achieve their home renovation dreams. He leads his team of tradespeople to complete successful, quality home renovations.