Home Extension Renovation Costs

You have decided to increase your living space by going out, but what are the costs?

HOME EXTENSION RENOVATION COSTS

When planning a home extension there are some big decisions to make that will involve a renovation budget and the hiring of contractors.

The team at Style Plus take a look at some of the costs behind building a single level home extension:

• Why renovate?
• What are the costs to build an extension?
• A basic single story (same level) extension example
• Does the quote include a kitchen or bathroom?
• Finishes & Fittings.
• Are there any complex site constraints?
• Residential Building Warranty for Renovations.

A home extension is a popular option for home owners needing more space but not wanting the daunting task of purchasing an older property to fully renovate.

–  Jan Antoni Glinkowski • Director • Style Plus

Why renovate?

why renovate

WHY RENOVATE?

Renovating your home in the way you choose is one the great benefits of owning your own property. However, what are the common reasons to renovate?

A few common reason are:

• You would like to move, however, the property prices mean the best option is making your current home work for your family.

• You would like to stay in the area where your preferred schools are.

• Where you can grow into a property such as adding extra space to accommodate an expanding or growing family, or to simply add a sense of space.

• Adding more living space to increase your return on investment.

Renovating your property can improve your lifestyle, add value to your property and above all it adds an enormous sense of satisfaction. However, before you start on the renovation path there are a number of costs to consider.

A BASIC SINGLE STORY (SAME LEVEL) EXTENSION EXAMPLE

In Auckland a more realistic estimate for a house extension costs could be between $2,600 – 3,800+ per m2. Due to the shortage of skilled, licenced builders and the ever increasing costs of materials these meter square rates are slowly rising.

So, for a ground floor single level 4x5m extension, the indicative build cost at the lowest end of these estimates would be roughly $50,000 ex GST. However, you will also need to add the following costs:

• Professional fees. For example, architect fees for preliminary | building consent drawings and structural engineer services.

• Plan a contingency fund. Renovations have a habit of revealing hidden surprises. Allow at least 10% for overruns, unforeseen costs or changes to the plan.

• Add GST.

TIP: When you receive a build cost quote, check if the building warranty cost is included. This may be part of the preliminary and general costs. Also check if the council costs are also included.

basic single storey renovation

A basic single story (same level) extension example

renovation quote

DOES THE QUOTE INCLUDE A KITCHEN OR BATHROOM?

As the design of a kitchen is unique to the home owner the actual cost may not be included. However, a provisional sum may be included as a ballpark allowance.

Bathrooms: Add $20,000+ for a mid-range bathroom. Costs may be more depending on your bathroom ware and finishes.

Kitchens: Add $30,000+ for a mid-range kitchen. This completely depends on your specification.

Tip: Modular (kit set) kitchen suppliers work with set sized cabinets. Their approach is to do a “best fit” from within their standard range and then use filler panels to fill the gaps. Custom made kitchens offer better use of space and are designed and fitted to your specification.

FINISHES & FITTINGS

The above cost estimate assumes modest finishes, fittings, electrics and lighting. For example simple painted walls, carpet floors or possibly laminated flooring.

Tip: Always check with your builder what the level of finishing will be. It is best to know earlier than be surprised by the addition variation costs at a later stage.

If you are wanting high end finishes such as engineered wood floor finishes, custom fitted joinery, these costs will increase your budget.

Tip: Using Style Plus Interior Design Service early in your renovation will help you avoid years of niggling regret from bad decisions made in isolation or under pressure. Our skilled interior designer will take the stress out of the selection process and ensures a consistent style. You can be confident your renovation will exceed the average and every detail will keep you smiling.

Are there any complex site constraints?

ARE THERE ANY COMPLEX SITE CONSTRAINTS?

As part of your budgetary planning you will need to include additional costs if any of the following apply:

• Your soil type and ground conditions where an extension is planned may present more costly construction methods.

• Limited access to the site. Will it be easy for the builder to bring in tools, machinery and waste skips easily?

• Existing structure. Are you removing any structural walls? If so there will likely be additional costs for structural steel work?

• Are you moving any plumbing or drainage?

any renovation constraints

Residential Building Warranty for Renovations

10 YEAR RESIDENTIAL BUILDING WARRANTY FOR YOUR RENOVATION

Undertaking a renovation is one of the biggest investments you will make so it is important to have a building warranty which protects you both during construction and for 10 years after completion.

Our Residential Building Warranty provided by Stamford Insurance has been designed to cover any type of new development, from individual homes to larger sub-divisions and multiple housing units.

Stamford Insurance – 10 Year Building Warranty

stamford building warranty

Book your consultation today and kick start your renovation project!

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Whilst all information is considered to be true and correct at the date of publication, changes in circumstances after the time of publication may impact on the accuracy of the information. The information may change without notice and Style Plus is not in any way liable for the accuracy of any information printed and stored or in any way interpreted and used by a user.