Congratulations, you have reached the pinnacle of the property ladder. But here’s the dilemma. Should you purchase a ready-built home or should you just buy a resale landed property and renovate the terrace house interior design? On the one hand, the latter could be more cost-effective. On the other, renovation costs can amount up to huge sums of money, with no guarantee of excellent and quality workmanship. All these would create further inconvenience and additional costs. Here are some of the factors to consider to fully understand how much you exactly need to renovate your landed property using a Singapore interior design firm. Let’s break down the costs and make sense of the dollars and cents of renovating a landed house interior design:
Terrace houses usually have between 2000 to 3000 square feet of floor area, over two to three storeys. Marble flooring costs around $15 per square foot on average. You are likely to pay between $30 000 to $45 000 for a 2000 to 3000 square foot home. Parquet is estimated to cost $11 per square foot. This would cost you a total of $22 000 to $33 000. Add in the labour costs at an estimated $10 per square foot, the price for your flooring alone can range anywhere between a reasonable $52 000 to an exorbitant $120 000. Certain areas of the landed house interior design will also require more material, such as the stairs or the balcony. And since there is a large floor area you are covering, it might be possible for your Singapore interior design firm to give you a discount when you buy the flooring in bulk.
You would also have to factor in the cost of painting not only for the interior but the entire house. You are looking at the expense of at least $4000 to paint a three-storey terrace house interior design, with a maximum of three colours. You should also note that you are liable for the costs of painting the entire exterior of the building. Homeowners of landed property will be looking at an additional $3500 or $4000 for manpower, paint material and sealing costs if they decide to have a fresh coat of paint for the facade of the building. The construction and disassembling of scaffolding, if the painters require it, should also be taken into consideration. This would set the owners at a range of $5000 to $8000.
Another important, yet often overlooked, aspect of landed house interior design is the electrical wiring of the landed property. Landed property homeowners need to do a thorough check of the switches and electrical units in the entire house. Electrical wiring will experience wear and tear over time and homeowners can let their Singapore interior design firm know if the wirings are faulty or if they are not working properly. If there is a need for an overhaul of the existing internal electrical structure of the terrace house interior, homeowners are looking at the expense of $5000 and up