Cost of House Renovation From Bungalow to Two-Storey

Having a house is one of the biggest dreams any individual may have. For those with existing but old structures, a house renovation may be necessary.

How Much is the Usual Renovation Price?

The cost of house renovation can be as low a Php 12,000 for minor ones and up to Php 3 million for major projects. Note that you may classify the type of renovation based on purpose.

• Room renovation (15 to 25 sqm) – Php 12,000 to Php 25,000
• Partial renovation of room (adding partition) – Php 15,000 to Php 30,000
• Additional floor – Php 300,000 to Php 800,000 depending on size
• Major full renovation – Php 1 million to Php 5 million
• Living room renovation (25 sqm and above) – Php 200,000 and above
• Kitchen renovation – Php 250,000 and above
• Full house repainting (indoor and outdoor) – Php 75,000 and above
• Roof Change and Painting – Php 15,000 to Php 30,000

Remember that such prices are averages only and may be higher or lower than actual costs. It is best to consult with a contractor or architect to get an exact price quotation on the expenses.

Why Would You Renovate?

We all know that renovating a house involves expenses. Depending on the type of modification, a home owner could spend at least half a million for the project. However, smaller versions could involve as low as Php 10,000 as a cost. Why would you renovate your house then? Here are the possible reasons:

• Beautifying an existing house from the interior to exterior. It has more to do on appearance.
• Adding a second or third floor which is necessary if there is an increase in occupants or residents.
• Modifying the structure of the house due to perceived damage in the future.
• Making a room bigger or smaller based on the homeowner’s preference.
• Damages to house parts due to weathering, natural calamities and similar situations

Where to Buy Materials

Renovation materials are always available from your local hardware stores. However, you can also find premium materials from well known shops. See the price list from the following:

Do I Need Contractors?

There is an unlimited number of contractors in the Philippines ready to help with your renovation project. However, you should first research about the company’s background and credibility. In special cases, it will help if you can verify whether the contractor has a PCAB license.

We had a bad experience with a contractor. We were able to pay the full amount but did not finish the project. it was our mistake that we did not check his credibility and papers including PCAB license. Lesson learned.

Do banks accept loan for renovation?

Yes, banks have a special loan offer even for renovation. It may fall under special personal loan or home loan. You may apply for a loan based on the quoted price from the contractor. The common renovation loan amount starts from Php 300,000 to Php 3.5 million depending on the client’s qualifications.

When is the best time of the year to have renovation?

House modification in the Philippines may be best done during the summer time. This will avoid extreme weathers like heavy rains and storms in other times of the year. Moreover, concrete mixes may cure better with a hot weather.