Full Home Renovation Cost – An Overview

For many homeowners, a full home renovation is a great opportunity to transform their living space into one that perfectly aligns with their needs and lifestyle. However, before diving into the process, it’s crucial to understand the full home renovation cost to plan your finances effectively and avoid budget overruns. The costs for a complete home makeover can vary widely based on the scope of work, your location, and your choice of materials.

This guide provides a comprehensive breakdown of the typical expenses associated with a full home renovation in India, helping you make informed decisions for your project.

Different Types of House Renovation 

Renovations vary in complexity and scope, directly impacting both costs and timelines. Here are common types of home renovations:

• Cosmetic Renovation: This focuses on surface-level aesthetic changes, such as painting, flooring, and replacing lighting fixtures, aimed at refreshing the home’s appearance at a relatively lower cost. Basic cosmetic work can typically range from INR 20,000 to INR 1 lakh.
• Structural Renovation: This involves substantial changes to the home’s structure, such as removing walls or altering layouts. These renovations are more complex, with costs ranging from INR 2 lakhs to INR 10 lakhs, depending on the scale.
• Complete Overhaul: This is a full home renovation, including all aspects like plumbing, electricals, interiors, and exteriors. Full house remodel costs typically go upwards of INR 15 lakhs, depending on home size and material choices.

Understanding these types can help in budgeting based on the renovation scope and goals. Other common types include kitchen, bathroom, and exterior renovations, which typically range from INR 50,000 to INR 5 lakhs.

How Much Does It Cost to Renovate a House?

Full house renovation costs depend on factors such as the size of the home, materials used, and labour charges. In India, expenses for full-house renovation typically range from INR 15 lakhs to INR 50 lakhs, while smaller projects like kitchen or bathroom renovations can cost between INR 1.5 lakh to INR 5 lakhs and INR 60,000 to INR 2.5 lakhs, respectively. Room-specific upgrades may range from INR 40,000 to INR 2 lakhs, whereas cosmetic changes like painting or flooring are generally more budget-friendly, starting at INR 20,000.

Proper budgeting, aligned with renovation goals, is essential to manage costs effectively and avoid overspending. For an accurate estimate, it’s advisable to get and compare multiple quotations from licenced contractors after assessing the specific requirements of your property.

How Long Does It Take to Renovate a House?

The timeline for renovating a house depends on the scale and complexity of the project. A cosmetic renovation, such as painting or flooring updates, typically takes 1 to 3 weeks. For more extensive updates like kitchen or bathroom remodels, the timeline can range from 2 to 4 months. Full-scale renovations, including structural changes, could span 6 months or longer.

Additional factors, such as obtaining design approvals, material availability, and contractor scheduling, can further extend the timeline. To ensure a smooth renovation process, plan realistically and maintain open communication with the contractor. You should also account for unforeseen issues such as weather conditions that might add to the time and cost.

Regional Variations: How Location Impacts Renovation Costs 

The cost for a full house renovation can vary significantly depending on the location. In metropolitan cities, where labour and material costs are generally higher, renovations are more expensive than in smaller towns or tier 2 cities. For instance, a high-end renovation in Mumbai might cost approximately 40-45% more than a similar project in cities like Kolkata and Chennai, with costs ranging from INR 1,200 to INR 2,500 per sq. ft. Homeowners should factor in these variations when estimating full home remodel costs and make sure to obtain location-specific quotations to create an accurate budget.

Cost Breakdown by Room Type

Understanding the expense breakdown by room can give you a clearer picture of the full home renovation cost. Additionally, these costs can vary significantly based on the type of room and the extent of updates required. Here’s a quick overview:

• Kitchen: Renovating a kitchen, including cabinets, countertops, and modern appliances, may range from INR 30,000 to INR 1 lakh+.
• Bedroom: Typically involves cosmetic updates such as flooring, painting, and renovating the closets. General costs can range anywhere between INR 15,000 to 80,000+.
• Bathroom: For an average-sized bathroom, expect to spend between INR 10,000 to INR 50,000+, including fixtures, tiles, and plumbing.
• Living Room: Living room updates like flooring, lighting, and wall treatments can cost INR 20,000 to INR 1 lakh+.

Breaking down costs by room can help homeowners prioritise areas that need the most attention while staying within their budget.

Cost Breakdown by Renovation Components

Breaking down the full house renovation cost by individual components can provide further clarity and control over the budget:

• Flooring: Depending on the material (tiles, hardwood, marble, or vinyl), flooring may cost between INR 50 to INR 200 per sq. ft.
• Plumbing and Electrical: Plumbing costs may range from INR 60 to INR 150 per sq. ft., while electrical work ranges from INR 40 to INR 120 per sq. ft., depending on the complexity and extent of upgrades.
• Painting: Repainting walls can cost approximately INR 30 to INR 100 per sq. ft. depending on factors such as paint quality, brand, and the complexity of wall treatments. Designer paints and intricate designs will incur additional costs.

Other components such as roofing, interior walls, windows, doors, etc., also have similar ranges.

Please note that the prices mentioned are general estimates, and the actual cost of a full home remodel can differ depending on a number of factors. For precise estimates, consulting professional home renovation contractors or reputable renovation companies is strongly recommended.

What Is the Correct Order to Renovate a House?

Following a logical renovation sequence helps avoid rework, optimises the process, and maintains structural integrity. Here’s a suggested sequence:

• Structural Repairs: Start with foundational repairs, roofing, and ensuring the structural stability of the home.
• Plumbing and Electrical: Complete upgrades before proceeding with interior work to avoid future disruptions.
• Walls and Flooring: Focus on walls and floors next to ensure clean and well-finished surfaces.
• Fixtures and Finishes: Conclude with final touches, such as lighting, cabinetry, and painting.

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Conclusion

Planning a full renovation involves understanding costs, timelines, and the correct order for optimal results.

If you’re considering a renovation and exploring financing options, SMFG Grihashakti offers tailored solutions – from major renovations to simpler tasks such as plastering and painting. Competitive interest rates and flexible repayment tenures of up to 30 years* help keep your EMIs manageable. Check your eligibility and apply online for a home improvement loan of up to 90%* of the project budget.