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Help! Newbie needing rough idea of renovation costs.

A H
2 years ago

Hi all, I've begun the process of hunting for my first home - what a minefield.

I'm ideally looking for house that is liveable, but in need of updating.

I'd like to keep structural changes/extension requirements to a minimum, mostly for my own sanity (though if I can get something at a reasonable price, I'd consider major works.)

What I'm trying to work out is rough renovation costs?

I understand they can vary wildly depending on the fixtures/fittings/structural work/build type etc.

but I want to make sure that when I'm setting my house purchase price limits, I'm appropriately budgeting for work!

I don't want a project that's going to take me another 10-15 years to finance!

Below are two houses I'm looking at - they vary wildly in design/age/style/livability, but they're both on 900m2+, flat blocks, on concrete slabs.

If there's one thing about Canberra, it's consistent!

Assuming moderate quality fit out and no crazy surprises etc. (I know, I'm dreaming) is there a rough estimate/way I can calculate what $$$ I'd be looking at, for the below floorplan changes?

Happy to answer questions - obviously I don't own either, so there's not much I can say on structural walls etc. (which I know limits the accuracy of responses, I suppose I'm just working on hypotheticals at this stage!)


Thanks :)

House One - original floorplan

House One - amended floorplan


House Two - original floorplan


House Two - amended floorplan




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