If this were a movie, you’d start hacking down your bathroom walls after having a life-changing epiphany. And yes, you wouldn’t pay one single thought to the renovation cost.
Unfortunately, money matters in real life. There are plenty of obstacles.
For example, when the bank rejects you for a renovation loan that exceeds $30k. $30k is their maximum renovation loan limit, and that’s depressing since the average home renovation costs at least $50k.
For situations where you need more renovation loans, you can get a quote from us, Katong Credit in hours! We have helped numerous couples build their homes!
That’s why it’s essential to jot down all the necessary changes and the expenses. This strategy will help save money because you realise what’s necessary and what’s compromise-able.
The average amount that people in Singapore usually spend on renovating a bathroom varies from $4k to $7k. Here’s a breakdown of these expenses:
Obviously, these prices aren’t set in stone. That brings us to the next point:
The factors that influence the total renovation cost include:
Pro tip: The most frequent problem for bathrooms is leakages. That’s why you should ask the advice of a contractor you trust to prevent this issue. Even if you spend a few hundred dollars more now, you can avoid higher costs later.
Your bathroom renovation includes specific changes according to your bathroom’s condition. Apart from those essential changes that your contractor suggests, you can also do some optional remodels.
Full-service packages include:
We have spoken to numerous couples regarding their home renovations, and this is what we have gathered!
Before renovating your bathroom, consider these issues:
With that in mind, here are a few things that will help you decrease the total renovation cost and make your renovation loan more affordable:
Low-maintenance items like wall-mounted vanity and commode usually cost less. The same goes for wipe-clean materials like tiles and quartz.
Pro tip: Large wall tiles with no grout lines are more inexpensive and easier to clean.
Besides, you’ll save a lot of time and money in the long-run cleaning/maintaining these items.
Wardrobes and cabinets require more materials, meaning they cost more money. But you don’t need these to increase your toilet’s chic factor.
Instead, consider open shelves.
Pro tip: These shelves also create the illusion of space. That’s a nice extra for compact bathrooms.
For larger families, consider floor-to-ceiling shelves to increase the storage space without purchasing a high-priced vanity.
Choose low-cost designer elements if you want to build a stylish toilet but lack the budget. For example, you can create geometric floor art from tiles. Alternatively, you can add small decorations like candles or vases after the bathroom is finished.
Ventilation is one of those essential things you can’t omit when remodelling a bathroom because it prevents moisture from accumulating. Keeping your bathroom dry:
So, check your budget to see if adding windows or installing a ventilation system is better.
If your bathroom is petite, there’s no need to worry. You need a better plan to take advantage of the whole space without making your toilet seem too crowded.
An experienced designer can show you how to avoid that claustrophobic feeling while still maximising your bathroom’s utility. For example, you could:
The lighting solutions you choose for your bathroom also influence the total renovation cost. However, cove lighting doesn’t cost that much, and it will make your bathroom look amazing.
LED and recessed lights are other worthwhile solutions money-wise. Besides, these lights are also more durable.
Pro tip: Ensure the lighting you end up choosing is moisture-resistant.
Before you start renovating your bathroom, do your research. Calculate your loan amount and the interest with a loan calculator.
First, consider the current trends. Of course, you should never choose something just because everyone’s doing it today. The point is to build a portfolio with many different ideas to choose from. That portfolio will help you understand what you need and what works for your bathroom
As a result, you’ll learn how to make cost-effective changes without compromising on your style and durability.
Secondly, consider other changes in your home. For instance, it’s wise to remodel your kitchen and bathroom simultaneously. This strategy saves civil work and lowers your total renovation cost.
More importantly, you should choose a trustworthy financial institution to work with.
Having a dependable loan provider like Katong Credit is essential. We offer low-interest loans that fit your monthly budget seamlessly. Besides, we have a seamless application process via SingPass and guarantee quick approval within 24 hours.
Pro tip: If you need urgent changes in your bathroom, choose our Fast Cash Loan. This quick-financing solution is hassle-free and promises the lowest interest rates.