Planning to update the look of your home? As a rule of thumb, your renovation costs must not exceed 6 times worth of your monthly household income, according to DBS Bank. Keep in mind that the more space and rooms an HDB flat have, the higher the renovation costs.
For example, the average cost of a basic renovation project for a 4-room HDB flat with a 90 sqm zone is approximately S$40,000 to S$50,000. Compared to renovating a 3-room HDB flat, the cost is lower at around S$35,000 to S$38,000 since it requires less material and labor.
Generally, there are major components you’ll need to pay for, including hacking, masonry, carpentry, electrical and plumbing, and more. Depending on the renovation works you need and your choice of materials, it will substantially affect your renovation costs.
How Do I Choose a Renovation Contractor in Singapore?
Avoid home renovation horror stories, like contractors not finishing the project, by taking the time to scrutinize your prospects before engaging with them. But before that, you need to consider a few things:
1. Set your renovation goals
Before setting a budget, you must be clear about your home upgrade goals. Set clear milestones, such as:
- Adding kitchen fixtures
- Adding a home office
- Changing your bathroom tiles
- Making your home child-friendly
- Refresh your outdated interior design
Setting goals will help you stay focused. Plus, knowing which areas need to be renovated will help you get a much more accurate quote.
2. Set a budget
The next step is planning a budget. How much can you realistically and comfortably afford for the renovation works? As previously mentioned, the cost will depend on the size of your home and the scope of the project. Additionally, the cost will also be affected depending on the type of materials you choose.
You can also consider taking out a renovation loan to achieve your renovation goals.
Now that you have set your goals and your budget, it’s time to find a suitable renovation contractor. Here are a few essential things you need to consider before hiring a renovation contractor:
3. Research
You can ask for recommendations from family or friends, or you can gather information through the internet. Some renovation contractors offer a free quotation. This way, you can see what renovation services they are offering and get a ballpark estimate of the project cost.
From there, you can compare the quotations from different renovation contractor firms and narrow down your options.
4. Check For Experience and Expertise
Depending on the renovation work you need, you can look for a renovation firm or an interior designer. For instance, if you need help with design and renovation works, then you can seek interior design services. If you simply need help executing renovation works, such as adding fixtures, then a contractor is a good option.
- Check the licenses and certifications of the renovation contractor.
- Ask if you can see their past works to give you an idea of their past experiences
- Choose a renovation contractor with a good portfolio of successfully renovated spaces.
Note: Engage only with licensed contractors listed in the Directory of Renovation Contractors (DRC).
5. Ask questions
Don’t be shy in asking questions. Make sure that you have a clear understanding of their services and the terms of the renovation project. It is better to clear up any confusion before starting the project to avoid headaches later on.
- How long does the contractor need to complete the project?
- How much will they charge? Are there any hidden fees?
- Do they offer after-sales services, such as warranty and guarantee?
6. Read customer feedback and reviews
Lastly, don’t forget to read customer feedback and reviews. Doing so will give you an idea of the contractor’s work ethic. Consider whether the comments put you at ease or make you hesitant in hiring the contractor.
8 Best Affordable Renovation Contractors in Singapore
Here are some of the most affordable renovation contractors in Singapore with average prices for a 4-room HDB flat renovation project. These prices are from the contractor’s website or comparison platforms.
1. 3D Innovations – 4-Room HDB Package starts at S$13,888
3D Innovations Design Pte Ltd. is a licensed renovation contractor Singapore with over 8000 happy clients. They specialize in residential projects, such as HDB flats as well as private developments. 3D Innovations have an in-house carpentry workshop and a reliable team of contractors.
They pride in providing transparency in pricing by laying out the details – no hidden costs!
Average price
- 4-room HDB Flat Renovation: S$13,888
Services
- Interior design
- Masonry work
- Carpentry work
- Painting
- Plumbing
- Ceiling
- Miscellaneous services
3D innovations are currently offering a Mega SALE until 15 February 2023. All prices listed are discounted rates. Please visit their website to view each deal.
Contact Information
- Website: https://www.3dinnovations.com.sg/
- Address: Blk 178 Toa Payoh Central #01-208, ( Beside TPY HDB Hub ) S310178
- Phone: +65 6834 4333
2. Livspace Singapore – S$39,621
Asia’s leading home interiors and renovations platform, Livspace brings together the top home renovation contractors and interior designers. They have a team of experienced interior designers who can optimize your space, combining style and functionality. Best of all, the offer transparent pricing and detailed itemization.
Average price
- 4-room HDB Flat Renovation: S$39,621
Services
- Interior design
- Home renovation works
- Custom kitchens and wardrobes
- LivTech- online home design
- Livspace Care Instructions
Contact Information
- Website: https://www.livspace.com/
- Address: 101 Thomson Rd, #18-01 United Square, Singapore 307591
- Phone: +65 6951 5376
- Email: sgcustomercare@livspace.com
3. TK Contractors
TK Contractors Pte Ltd is a one-stop renovation firm that can customize your property to fit your theme and requirements. They have dedicated designers, contractors, and experienced office renovation teams to make your vision a reality. All carpentry works are in-house – no middleman, no markups, so you can enjoy the cheapest possible pricing.
While TK Contractors boast superior craftsmanship and attention to detail, they are still offering a 1-year warranty for their services.
Average price
- 4-room HDB Flat Renovation: Inquire for a quote
Services
- Commercial renovation services, such as retail, factory, warehouse, restaurant, office, and car showroom
- Other types of renovation projects
- Flooring
- Partition/false ceiling
- Electrical works
- Plumbing works
- Carpentry
- Painting
Contact Information
- Website: https://tkcontractors.sg/
- Address: M-space, 6D Mandai Estate #03-12, Singapore 729938
- Phone: +65 9115 8246
- Email: enquiry@tkcontractors.sg
4. Earth Interior Design – S$11,500
Offering exceptional value in interior design services, Earth Interior Design has received multiple accolades. They take pride in combining creativity and imagination to create practical yet stylish interior designs. Earth Interior Design provides residential and commercial interior design solutions and remodeling services.
Average price
- 4-room HDB Flat Renovation: S$11,500
Services
- Space planning
- 3D visualization
- Bespoke furniture
- Interior decorating
Contact Information
- Website: https://earthid.sg/
- Address: 289 Beach Road #01-01 S199552
- Phone: +65 8813 1818
- Email: idea@earthid.sg
5. JS Carpentry & Contracts – S$27,000 to S$33,500
Started as a simple carpentry workshop with only 4 workers, JS Carpentry is now one of Singapore’s fastest-growing carpentry and best renovation contractors. They provide full-service renovation services and are registered with both BCA and HDB. JS Carpentry boasts years of experience in renovating HDB flats, condominium apartments, and landed property.
By working directly with JS Carpentry, you can save both money and time since you don’t have to pay markup fees for middlemen.
Average price
- 4-room HDB Flat Renovation: Between S$27,000 to S$33,500
Services
- Custom carpentry
- New residential renovation
- Resale residential renovation
- Commercial or retail renovation
- Electrical works
- Small plumbing works
- Light dismantling and disposal services
Contact Information
- Website: https://www.jscarpentry.com.sg/
- Address: 184 Woodlands Industrial Park E5 Level 2 Singapore 757514
- Phone: +65 9488 5077
- Email: hello@jscarpentry.com.sg
6. Jaystone Renovation Contractor
Offering a one-stop renovation service, Jaystone Renovation Contractor provides a wide scope of renovation works, including kitchen renovation, floor tiling, carpentry, and more. They provide high-quality work at reasonable direct contractor pricing. Plus, most works are done in-house for cheaper pricing.
Jaystone Renovation Contractor offers free consultation and professional advice from their skilled team. Best of all, their services are covered by warranty.
Average price for a 4-room HDB Flat Renovation: Inquire for a quote
Services
- Full renovation consultation services
- Bathroom toilet renovation
- Kitchen renovation
- Carpentry
- Flooring tiling
- Feature wall
- False ceiling
- Drywall partition
- Painting
- Doors
- Waterproofing
- Window grille installation
- Electrical works
- Plumbing works
Contact Information
- Website: http://www.jaystonerenovation.com/
- Address: 34 Boon Leat Terrace #04-12B Singapore, 119866
- Phone: +65 6653 6215
- Email: enquiry@jaystonerenovation.com
7. 9 Creation – S$35,767
9 Creation is an interior design firm that provides a wide variety of renovation and interior design services to different clientele. They have years of experience in both residential and commercial spaces. Their home renovation services package includes a complete makeover of each room or a selected few of your choice.
Plus, they provide FREE 3D visualization drawings upon visiting their showroom for an appointment.
Average price
- 4-room HDB Flat Renovation: S$35,767
Services
- Home renovation contractor services
- Basic renovation
- HDB interior design
- Condo renovation
- HDB BTO package
- Kitchen and toilet renovation package
- HDB kitchen package
Contact Information
- Website: https://9creation.com.sg/
- Address: 184 Woodlands Industrial Park E5 Level 2 Singapore 757514
- Phone: +65 9488 5077
- Email: hello@jscarpentry.com.sg
8. Reno Guys – Starts from S$11,888
One of the most trusted home renovation contractors in Singapore, Reno Guys Pte Ltd continues to provide the highest quality standard to their clients. They offer innovative and sustainable solutions at the most affordable rates. With over 30 years of experience in home construction projects, Reno Guys specialize in carpentry and home renovation.
Best of all, they offer transparent and competitive pricing. All prices are GST included so you don’t have to worry about hidden costs.
Average price
- 4-room HDB Flat Renovation: S$11,888
Services
- Residential and commercial renovation
- Carpentry works
- Painting
- Hacking
- Electrical works
- Consultation
- Custom-made solutions, such as built-in wardrobes and cupboards
Contact Information
- Website: https://renoguys.com.sg/
- Address: Woodlands Industrial Xchange 71 Woodlands Ave 10 #07-18 S(737743)
- Phone: +65 6993 8888
- Email: enquiry@renoguys.com.sg
While these renovation contractors offer affordable renovation services, the total cost will still depend on various factors, such as the size and scope of the project, materials used, and market conditions. It is recommended to compare different renovation quotes, prices, and services before hiring a contractor.
Lastly, you may cut costs by choosing low-quality materials or low-quality work, but this may lead to subpar results and a longer timeline. As such, don’t just look at the cost of renovation services but consider the whole picture.
FAQs
How Much Should You Spend on Renovation Singapore?
The total renovation costs will depend on how extensive the project is going to be, the renovation contractor, and the type of materials you choose.
Qanvast – a renovation portal, estimates a 4-room HDB BTO flat renovation to cost between S$40,000 to S$46,000. The cost may increase depending on the types of materials you use and any additional carpentry, architectural restructuring, or electrical works.
The best renovation contractors in Singapore offer a free quotation so you will have a ballpark estimate of how much the project will cost.
How Do People Afford Renovations in Singapore?
Ideally, renovation costs can be covered by the homeowner’s savings. However, if you do not have enough expendable cash for your renovation project, there are plenty of other financing options available.
For one, you can take out a renovation loan from Singapore banks, such as DBS and OCBC. With a bank renovation loan, you can borrow up to S$30,000 or 6x their monthly income. The repayment period is between 1 and 5 years.
Another option is to take out a renovation loan with a licensed money lender in Singapore. They have a less stringent loan application process; thus, you can receive the cash within the same day. With a legal lender, homeowners can borrow up to 6x their monthly income with a repayment period of up to 12 months.
Closing
Planning your home renovation can be both exciting and taxing. Plus, you also need to prepare your budget to cover the renovation costs. Thankfully, there are cheap and good renovation contractors in Singapore who can help you turn your vision into reality.
Key Takeaways:
- The average cost of a basic renovation project for a 4-room HDB flat with a 90 sqm zone is approximately S$40,000 to S$50,000.
- The renovation cost will vary depending on several factors, such as the renovation scope, materials used, and the contractors you choose.
- Engage only with licensed contractors listed in the Directory of Renovation Contractors (DRC).
Need financial assistance for your goals? 1 Fullerton Credit provides a wide array of financial assistance, such as personal, payday, and renovation loans. A top-rated licensed money lender, they offer affordable loan plans at attractive rates and flexible terms. Request a quote today!
