Apartment remodeling is an exciting task but still very daunting. It requires months of planning, designing, and estimating the apartment renovation cost to create a proper budget. All these things make apartment renovation difficult and more tiring than amusing. Understanding the expenses is crucial, and to help you with this, we will show you how much it costs to remodel an apartment, including the factors that affect the apartment renovation cost and some tips to save your money.
What is an Apartment Renovation?
Renovation is the process of updating or improving an apartment’s existing structure and design. The renovation process ranges from colouring and flooring to remodelling the living room and bedroom. It basically depends on the ambience of your apartment and to what extent you want to update it. Some apartments need minor adjustments, while some require a whole different makeover. But the goal is to bring it up to date and improve the living experience.
Average Cost of Apartment Renovation Projects
Apartment renovation includes different projects. Here is the average cost breakdown of all projects involved:
Kitchen Remodeling
Renovating the kitchen is the most important part of apartment remodeling. A kitchen remodel can be around $15,000 to $40,000. It depends on the types of changes, materials, extent of remodel, etc. Some people also upgrade their appliances, which costs more. On the other hand, some only change the cabinets and paint.
Bedrooms Renovation
Changing bedroom design includes updating furniture, ceiling, painting, lighting and flooring. A budget of $2,000 to $5,000 is common for minor updates. But if it is a full renovation plan, then it will be more expensive. Specifically, the cost to renovate a 2-bedroom apartment is about $5,000-$10,000. The quality of the material and room area decide the actual cost.
Bathroom Remodeling
To change the bathroom, you may have to spend $5,000 to $25,000, which includes upgrading tiles, modifying fixtures and plumbing systems, changing faucets, etc. Small upgrades or major changes could influence the total cost.
Living Room Renovation
This type of renovation includes updating furniture, flooring, painting, adding shelves, etc. A budget of $3,000 to $15,000 can cover basic updates. But, if it needs more changes, the cost will increase.
Flooring
Some apartments only require a change in flooring instead of renovating the entire apartment. You may have to spend $1,500 to $5,000 for new flooring. The expense depends on the type of material and how big your apartment is.
Painting
Painting an apartment can give it a fresh look, and sometimes this is all you need instead of changing the whole apartment. According to the area of your apartment, the budget is about $500 to $3,000. It covers painting supplies, paints, labor costs, etc.
Factors Affecting the Apartment Renovation Cost
Location of Apartment
Where your apartment is located matters a lot when renovating it. If it is in rural areas, the living standards are cheap, and so is the expense of services. Contrary to this, the urban areas have more facilities. The level of affluence is high there, and so are services. If you are in a metropolitan city, then the cost will be even higher.
Material Type
There are two kinds of materials. One is luxurious and premium, and the other is cheap and budget-friendly. Both work fine, but it is your choice that decides the total cost. If you are just renovating to fulfil basic needs, then choosing affordable materials is a good option. But if it is only for luxury, there is nothing wrong with going for premium-quality materials.
Type of Project
The remodeling process may involve changing the whole apartment, or it could be just a minor adjustment. Some people just update their kitchen or bedroom. When planning a budget, check what your renovation goals are. Partial renovations cost less than full renovations, while a kitchen model is more expensive than a bedroom remodel.
Saving Tips For Apartment Renovation
If you are thinking of renovating your apartment but planning a budget is getting difficult. Follow these tips to cut down your expenses:
- Assess your whole apartment and see which areas need immediate repairs and which areas can wait.
- Save labor costs by doing small tasks by yourself, like changing fixtures, painting, post-cleaning, etc.
- Keep the existing layout and only change the design to save cost.
- Ask for quotes from different contractors.
Conclusion
Apartment remodeling includes changing the furniture, flooring, painting, or layouts. It depends on what length you want to change your apartment. The cost of renovation is based on several factors, which are discussed in this blog. Also, follow our tips for saving money while renovating the apartment.
FAQs
What factors influence the cost of remodeling an apartment?
The location of your apartment, material, labor, project type, and scope can decide the total cost.
How often should you renovate your apartment?
It is based on the condition and need for repair in your apartment. People mostly do renovation after 5 to 10 years. Your preferences can also decide the frequency of remodeling.
How much does it cost to renovate a 2-bedroom apartment?
It normally ranges from $5,000-$10,000. The type of renovation and area of your bedroom decides the actual cost.
What areas needed the most renovations?
The common areas for renovations are the kitchen, bathroom, bedroom, and living rooms. It includes changing the furniture, flooring, painting, etc.
