My friend just bought an older apartment, 1DK maybe 40m2, and is going to get a full renovation/renewal with new kitchen, bath, toilet,
lights, flooring, etc. He was quoted almost 3.5 million. Seems high but I don’t have nothing to compare it to. Any thoughts?
Correction: 60 to 40
8 comments
Doesn’t seem unusually high to me but it’s hard to say without seeing what exactly they have planned / are getting.
Large portions of the cost will likely be labor cost, though.
Seems within reasonable to me.
The devil is always in the details, for example renovation vs rebuilding is a huge difference. What kind of quality and materials the client wants, etc.
There are budget companies out there, but they basically only do things one way, same components for every client. I think that one million is maybe the cheapest possible, maybe not even covering the entire apartment.
Seems reasonable or even low to me
Seems cheap to me
60m² 1DK doesn’t quite add up, but anyway a unit bath alone can easily cost a million, but your friend should get a second quote and haggle a bit.
This is exactly why you get multiple quotes.
3,500,000 does not necessarily sound like a lot, especially given that prices have gone up significantly.
However it would really depend on what work and what grade of materials they are doing.
For comparison, it cost us about 4.5M to redo our kitchen (including changing its layout), bath/bathroom sink, toilet, intercom, lighting, and put in double windows on two of our floors. In terms of the space we did it was probably comparable to your friends apartment (though spread out a bit more over the house).
I considered it an amazing deal at the time, as some contractors quoted nearly double for a similar amount of work, and the contractor we chose was happy to accomodate our various choices for fixtures and design (and also quite willing to tell us when he thought we were requesting / suggesting something that was perhaps not the best idea).
So tl;dr is really depends on the details, but seems reasonable, especially if he likes his contractor.
Seems on the higher end but depends on the materials, brands etc. We did a 70m2 for 5.2mil. Kitchen, walls, toilet, shower, bathroom, made a walk in closet, took down a wall put in a sliding wall door, floors. I think it was average price wise. Kitchen was higher grade and, some accent walls but everything else bare minimum really.
(Right at the start of COVID so might have been cheaper)