Bathroom/Kitchen Renovations
Renovating your existing bathroom with the latest high-quality products is one of the smartest property investments you can make. Bathrooms and kitchens are the main selling points in a house, so a properly designed and installed bathroom can make a big difference to the value of your property, often dramatically lifting the selling price. However purchasers have become very conscious of having a modern layout with high quality finish, so it needs to be done right
How much to invest?
A typical bathroom or kitchen renovation is an investment of 3 -5% of the house value. This is only a guideline with New Zealand's property market across all regions.
It really comes down to investing in a bathroom or kitchen renovation project to suit the house from both a value and design perspective.
An estimate cost of a bathroom renovation that's valued at around $1,000,000 would call for an investment range of $30000 - $50000 (3 - 5%)
Small Bathroom $19 - 25K
Medium Bathroom $25 - 35K
Large Bathroom $35K
Fluctuations will occur with:
* tiled showers
* floor to ceiling tiling
* expensive bathroom fittings
* repairs and adjustments of existing structures
33% of your investment is used in visible products
10% is used in building materials
57% is used for labour/trade costs
Bathroom vanities