All Topics / Value Adding / Cost of Apartment Reno

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  • Profile photo of stephencampbellstephencampbell
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    @stephencampbell
    Join Date: 2006
    Post Count: 15

    Hi all,

    We’ve just purchased a fairly standard 2-bed unit, with a view to renovating. Roughly, how much would you expect to pay a tradesman (supply, install and project manage) for the following :-

    New mid-range kitchen, new mid-range bathroom, wood/tile/vinyl flooring throughout, paint thoughout.

    Grateful for your views.

    Stephen [biggrin]

    Profile photo of Harley2Harley2
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    @harley2
    Join Date: 2005
    Post Count: 32

    Stephen,
    I suggest that you measure up the areas that you have, price the materials, then calculate the rate at which a tradesman can work. A helpful source for this would be a book called “Flipping Properties” by Bronchick and Dhalstrom (page 111). Use a labour rate that reflects the cost of hiring the tradesman to come up with a total cost.

    Harley

    Profile photo of stephencampbellstephencampbell
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    @stephencampbell
    Join Date: 2006
    Post Count: 15

    Thanks for that Harley. Will look it up. [hair2]

    Profile photo of doogdoog
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    @doog
    Join Date: 2006
    Post Count: 14

    Hi stephencampbell,
    Kitchen can be about 5-10 k depending on size,
    electrics, plumbing etc, bathrooms bout the same. Flooring can be from $25-50 pr m2 to buy and as a rule of thumb about the same to install, timber polishing aprox $20 pr m2 on top.

    I can put you on to a good reno guy if u are in Melbourne, he will give you a better idea of cost and ways to save, just let me know if u need.

    all the best, doog.

    Profile photo of DDDD
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    @dd
    Join Date: 2004
    Post Count: 508

    Well with the tiling I always do my own buying of the tiles and take them to site, then pay the same guy the showrom recommends but a “cash price” of $25/mtr to lay and not the store price of $35/mtr for the same job.

    This is in Qld though.

    Bunnings sell kit kitchens if you have time, inclination and are close enough to do yourself.

    Good Luck

    DD

    Buyers Agent (Dip Financial Services(FP)
    Don’t sweat the small stuff,and it’s all small stuff!!

    Profile photo of philmmphilmm
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    @philmm
    Join Date: 2003
    Post Count: 1

    Hi Stephen

    A few years ago the Archicentre had a guide of trade prices …. which give full estimates pluming, electrics, fencing etc…. assume that they still have it … well worth getting

    Cheers
    Phil

    Profile photo of stephencampbellstephencampbell
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    @stephencampbell
    Join Date: 2006
    Post Count: 15

    Thanks for that Phil. Thanks to those others who replied also.

    stephen

    Profile photo of Don NicolussiDon Nicolussi
    Participant
    @don
    Join Date: 2005
    Post Count: 1,086

    hi Stephen,

    auction clearance centres are fantastic for ktichen and bathroom fittings. If you have time to go back a few weekends in a row you can save 50% of the cost of both rooms.

    try and get a fixed price for labour up front.

    cheers

    I Buy Property http://www.cashflowproperties.co.nz

    Don Nicolussi | Property Fan
    Email Me | Phone Me

    Learning, having fun and doing it!

    Profile photo of think positivethink positive
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    @think-positive
    Join Date: 2005
    Post Count: 11

    Hi Stephen,

    Have you considered getting a builder to do the entire job as they may supply everything and project manage? The cost can often be the same as if you were to get in a whole lot of different tradespeople. A quote from several builders would also give you a good comparison. Make sure you get a clear answer on time frames and cost . It may also help if you pay the builder weekly while the job is in progress as this may assist to keep the job to schedule.

    Margaret

    Profile photo of stephencampbellstephencampbell
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    @stephencampbell
    Join Date: 2006
    Post Count: 15

    Thanks Margaret.[exhappy]

    Profile photo of DDDD
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    @dd
    Join Date: 2004
    Post Count: 508

    Cordell Building Publications have a trade prices guide they put out. You can calculate how many square mtrs of what and then there are tables to accurately estimate each job.

    Might help.

    DD

    Buyers Agent (Dip Financial Services(FP)
    Don’t sweat the small stuff,and it’s all small stuff!!

Viewing 11 posts - 1 through 11 (of 11 total)

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