If you own a home and are thinking about making improvements, you may have wondered how much it costs to renovate a luxury home. Read on, because this post has the answer.
When we talk about a high-quality renovation we mean remodelling an apartment or house using luxury materials and finishes. Materials commonly used in these renovations include marble, glass, porcelain tiles, exotic woods such as oak or walnut, and sometimes even precious metals such as gold.
The idea behind a high-end renovation is to turn simple spaces into something more luxurious and exclusive. Spain is at the forefront of these luxury renovations, especially in cities such as Madrid, Málaga and Barcelona, which suggests that Spaniards are keen to live in unique, exclusive homes.
As architects in Málaga, we have written this article to look at high-end renovations in more detail. We will cover estimated prices and explain why premium finishes can significantly enhance the look of your home.
How much does it cost to renovate a luxury home?
How much does it cost to renovate a luxury home in 2023? Budgets for this kind of project can vary widely, depending on the company you hire and the work you ask for. Even so, in this Klic Arquitectos article we break down the general costs to serve as a guide for anyone planning a luxury renovation.
Preliminary works
Preliminary works are the tasks needed to protect delicate areas such as hallways, the garden and so on before the renovation begins. Because of the transport of materials and the dirt a renovation generates, protection work is required, which usually costs around €300.
Building permit
The cost of the building permit typically amounts to around 3% of the budget allocated to materials for the renovation of a house. For example, for a 100-square-metre house with mid-range materials, it would cost approximately €1,200.
Demolition
Before the renovation itself can start, demolition work is needed to clear the house: removing old electrical and plumbing installations, knocking down partition walls, and taking out floors, doors, windows, sanitary ware, furniture and so on. This stage can cost around €3,300.
Ceramic tiling
The renovation budget will also include the materials for floor and wall coverings. We have used mid-range materials as our reference, although you can choose more luxurious or more affordable ones. This item comes to around €5,300.
Masonry and building work
This part of the renovation is one of the biggest expenses. It covers tasks such as replacing door subframes, laying floor and wall tiles, the finishing touches and details that come up during the works, plastering and rendering ceilings and walls, building partition walls and suspended ceilings, and plasterwork. The price is around €9,000.
Exterior metal joinery
With a budget of around €4,500, this covers work on windows, shutters, glazing and so on.
Interior wooden joinery
Wooden joinery includes interior doors, built-in wardrobes, frames and so on. It is important to rely on a professional to make the best decisions. This part has a budget of approximately €5,500.
Bathroom and kitchen units
This is where you decide how many units to fit, the manufacturer and quality of the units, what type they are and how they are laid out. The price is around €3,200.
Lighting and electrics
Renewal of the electrical installation and choice of the switches and sockets to be fitted: models, materials and so on. A budget of approximately €5,100.
Painting and decoration
The price will rise with the quality of the paint, but it usually comes to around €5,000.
Plumbing and heating
The points of use and materials are specified, and the domestic hot water pipes are installed, supplied by a boiler, water heater or hot water cylinder. This usually has a budget of approximately €4,200.
So, how much does it cost to renovate a luxury home? Having looked at all the stages a luxury renovation involves, we conclude that the price is around €44,700, depending on the materials and companies you choose.
If you are enjoying this post, don’t miss our most-read article, which may be useful as you plan the renovation of your home:
What permit do I need to renovate a house?
HIGH-QUALITY RENOVATION IN SPAIN
Today it is very common for people in Spain to want to carry out a complete, top-quality remodelling of their homes or apartments, especially if they have a generous budget available. This trend is particularly noticeable in Madrid, Barcelona, Málaga and Granada, which shows that demand for this type of renovation has grown in recent years.
Best of all, Spain already has companies specialising in high-quality renovations, so you will not have to worry about the quality of the final result. This will help you avoid any problems or difficulties during the remodelling process.
WANT A HIGH-QUALITY RENOVATION?
If you are planning a complete renovation of your home with high-end materials and finishes, it is important to have sufficient financial resources, as the cost of this kind of work is usually quite high.
However, the result of a high-quality renovation will be impressive and will let you live in the home of your dreams. You will be able to enjoy details such as refined glazing, taps in precious metals or marble worktops.
If you would like more information on this subject, we suggest you get in touch with Klic Arquitectos: our team will give you very useful advice on the matter.
We will be delighted to help you!
