The Cost of Home Renovation: Square Meter Pricing and Timeline Insights

Creating a Warm and Inviting Home

A warm and inviting home is a fundamental desire for many people.
As such, countless homeowners consider renovation projects to revitalize their living spaces.
These may include laying new tiles, painting walls, or replacing windows.
However, the financial impact of such renovations can be significant.

How Much Does It Cost to Renovate a Home?

Determining the cost of home renovations is not straightforward, as various factors need to be considered.
These include the size of the home, its age, and the type of renovation planned.
For instance, repainting the walls or changing flooring in a small apartment costs much less than extensive work in a large villa.

Moreover, renovations in urban centers typically incur higher costs and require more time than those in rural areas.
Additionally, when purchasing an old house, one must consider the potential need to replace outdated electrical and plumbing systems.
On average, renovation costs range from €400 to €850 per square meter, with luxury renovations often exceeding €1,000.

Typical Renovation Costs

Below is an overview of average renovation costs for various tasks:

• Demolition and disposal: €20 to €50 per sqm
• Building partitions: €30 to €90 per sqm
• New electrical system (for 100 sqm, approximately 80-100 light points): €30 to €60 per point
• New plumbing and heating system (for a bathroom and kitchen, around 10-12 water points): €160 to €180 per point
• Floor and tile installation: €20 to €40 per sqm
• Wall painting: €10 to €30 per sqm
• New interior doors: €150 to €380 per door
• New window frames: €150 to €380 per sqm

Realistic Cost Examples

The costs can vary significantly depending on the specific areas being renovated.
For instance, installing a new electrical system may cost between €2,000 and €6,000, while roof waterproofing might exceed €15,000.
Replacing internal doors and windows typically requires about €300 each.

Calculation of Renovation Costs

To estimate renovation costs accurately, consider the list of necessary work, individual prices for each task, and the total quantities required.
Moreover, prices can fluctuate based on the city and the overall size of the home.

The average costs for full home renovations depending on size are as follows:

• 40 sqm: up to €32,000
• 60 sqm: up to €48,000
• 80 sqm: up to €64,000
• 100 sqm: up to €80,000
• 120 sqm: up to €96,000

Renovation Timelines

Like costs, renovation timelines vary based on the type of work and workforce involved.
Unforeseen issues can also delay progress.
Typically, renovations for a 100 sqm property may take anywhere from two weeks to six months.

Housing Bonuses for 2024 and 2025

The government is revising housing bonuses in its upcoming budget, with some being renewed while others may be cut.
Key points include:

• Superbonus: Continuing in 2025, with the percentage decreasing from 70% to 65%.
• Renovation bonus: Reduced from 48% to 36% starting 2025, applicable on an expenditure of €48,000.
• Ecobonus and Sismabonus may not be available in 2025.
• Bonus for furniture and appliances ends on December 31, 2024.