20 Jun How Much Does It Cost To Renovate an Office in Singapore?
If you are planning to renovate your office in Singapore, you need to know how much it would cost. While the cost of renovation generally depends on square footage and the amount of reconstruction required, there are several other factors too can increase or decrease the costs. According to Remodeling Magazine, the average cost of home-office renovation is $187.50 per square foot. However, following are a few factors that can alter this range. Let’s have a look:
Hourly rates of contractors: The average hourly rate varies from contractor to contractor. For example, an electrician may charge around S$50 to S$70 per hour and a carpenter may charge around S$60 per hour. Now how much time will it take to complete the project can’t be known exactly. Hence, it’s a good decision to hire a specialized home renovation company that handles all of these tasks at a fixed price that fits your budget. Ask different contractors about a free evaluation of your space and price quotations. You may notice that hiring a single contractor on a fixed price basis is usually cheaper than hiring individual contractors on an hourly basis.
Price of materials required: The materials you want to use in your office renovation also decide the overall cost. Moreover, it’s not only the material that adds to the cost. The efforts required to incorporate a certain material in space may be more than what other materials take. For example, if you prefer to install marble flooring, it will be costlier than wood flooring. At the same time, since engineered wood floors are easy to lay down that marble flooring, your contractor will charge more for the labor. In short, your choice of materials will also put an impact on the estimated cost of renovation. In order to avoid this, you have to discuss everything with your contractor beforehand. Miscommunication can lead to disputes, delays and increased expenses.
Upgrades: Your contractor will usually cover basic remodeling charges in the quotation. The additional upgrades such as seismic upgrading, rezoning issues, exterior refinishing and air conditioning systems are usually not included in the basic remodeling costs. In addition to that additional office accessories such as workstations and storage cabinets need to be purchased and incorporated separately. If you think, your office space will require any of these additional upgrades, talk to your contractor.
Compare: Before settling on one contractor, get multiple price quotes from different contractors. You may find that some contractors that are charging less than others, but make sure that they have a good track record of past renovation projects. Certainly, if you don’t want to compromise with quality, you have to spend a bit more money on renovation. This is especially important for commercial spaces where you want everything to be both stylish as well as functional too.
These factors will guide you while estimating the cost of your office renovation. You can plan your requirements and budget accordingly!