DON'T FORGET SMALLER ITEMS
Tapware, mirrors, door handles, light switches – these smaller, less obvious items add up over the long run. Therefore, it’s a great place to find savings, Loni says.
“You could spend $100 per light switch if you want to go with the most premium product on the market, but I just don’t think that’s going to add value to your house,” she begins, noting that a standard light switch installation could cost you less than $10.
“Think about what a prospective buyer would look at in terms of what is value-adding.”
GET LABOUR QUOTES
Pricing product is the beginning – but it’s certainly not the end! Don’t look at the product in isolation or you will get tripped up. Labour can be a significant portion of your total cost.
The cost of labour and contractors vary between project and the size of the space, so it’s difficult to set a standardised cost. However, Loni recommends getting at least three quotes to secure the right price for your project.
“I always get at least three quotes — that’s usually sufficient,” she says. “Over time, we’ve found reliable tradesmen who we keep going back to.”
It never hurts to ask around — chances are someone you know has already done the hard yards for you.
“Always ask friends first,” Loni says. “Word of mouth is the most powerful tool and people with experience in renovating can really help you find good tradespeople.”
If you still want a rough guide, Loni estimates a kitchen renovation in 2020 to cost between $10k-$45k+, a living room $10k-$15k+ and a bathroom $10k-$35k+.