Why Resale Flats Are More Expensive to Renovate

When it comes to renovating a home, the cost is always a significant consideration. One of the most popular housing options in Singapore is the Housing and Development Board (HDB) resale flat, which offers more space and a prime location. However, renovating an HDB resale flat can be costly, and it is important to understand why. In this article, we will look into the factors that contribute to the higher cost of renovating an HDB resale flat, providing readers with accurate and factual information to help them make informed decisions when planning their home renovation projects.

The Key Differences Between BTO and Resale Flats

Refer to the table below to find out the differences between Built-To-Order and resale flats.

BTO flats offer affordability, customisation options, and a longer lease tenure but come with a waiting period for completion. Resale flats, on the other hand, provide immediate availability, a wide selection range, and flexibility in location but generally have higher prices and a shorter remaining lease. The choice between BTO and resale flats depends on individual preferences, financial considerations, and immediate housing needs.

What’s the Truth About their Renovation Costs?

Renovation costs for BTO and resale flats in Singapore can vary significantly due to several factors. Explore the key differences in renovation costs for these two types of housing options.

BTO Flats

The renovation costs for BTO flats tend to be relatively lower compared to resale flats due to the following reasons:

1. 1. 1. 1. BTO flats come with standard finishes, including basic flooring, wall tiles, and sanitary fittings. These finishes help reduce the need for major renovations.
         2. BTO flat owners are generally not allowed to make major structural changes due to HDB guidelines. This limitation helps reduce renovation costs because you are not allowed to modify the flat’s layout and structure.
         3. Since BTO flats are new, the scope of required renovation work is typically less extensive compared to resale flats. Renovations may focus more on personal preferences, such as painting, adding built-in cabinets, or minor modifications.

Resale Flats

The renovation costs for resale flats can be higher due to these reasons:

1. 1. 1. 1. Resale flat owners are free to customise their flats according to their desired changes in layout or design. The age of resale flats also contributes to higher renovation costs, as older flats may require more repairs or upgrades.
         2. Resale flats’ conditions depend on the previous owners’ upkeep and maintenance. Renovation costs may vary based on its existing state, i,e, the need for repairs, replacement of fixtures, and refurbishment of outdated components.
         3. Buyers of resale flats often desire personalised aesthetics, which can involve significant renovation work, e.g., changing floorings, reconfiguring spaces, upgrading electrical or plumbing systems, and adding new fixtures.

Are the Cost Differences Avoidable?

The cost differences between renovation expenses for Built-to-Order (BTO) and resale flats in Singapore are generally influenced by various factors, many of which were discussed above. While these differences are inherent to the nature of these housing options, certain aspects must be considered to manage and minimise the cost disparities.

1. 1. 1. 1. Standardised finishes in BTO flats
         2. Design and renovation planning
         3. Prioritising renovation requirements
         4. Research and comparison
         5. Government assistance and schemes

Yes, the cost differences exist, but they are not entirely avoidable. Resale flats offer more customisation options and may require additional renovations due to their existing condition and age. But by prudent planning, research, and exploring available government assistance schemes, you can make informed decisions.

Cost Breakdown of HDB Resale Renovations

Here is a breakdown of estimated renovation costs for HDB resale flats, compared side-by-side with BTO renovation costs:

The costs provided are approximate ranges and can vary based on numerous factors. These estimates serve as a general guide only. It is best to consult an interior design company in Singapore to get detailed quotations, so you would know the accurate cost estimates tailored to your functionality needs and design preferences.
When planning your renovation, it is important to consider factors such as the extent of work required, desired enhancements, and budget constraints. Engaging a reputable renovation contractor and interior design firm can help you manage costs effectively. Review multiple quotations, evaluate the work scope, and check their credentials before deciding.

Tips and Tricks to Help you Save with your Resale Renovation

We understand that homeowners planning to renovate their HDB resale flats often look for ways to save on renovation costs. Here are some tips and tricks that can help Singaporean homeowners save with their resale renovation:

1. 1. 1. 1. Begin by setting a realistic budget for your renovation project.
         2. Take the time to gather ideas, explore different designs, and identify cost-effective materials and suppliers.
         3. Research prices, compare quotations from multiple contractors, and seek recommendations.
         4. Prioritise works such as electrical rewiring, plumbing repairs, waterproofing, and structural integrity.
         5. Consider reusing and repurposing existing fixtures, furniture, and materials whenever possible, i.e. repainting kitchen cabinets or reupholstering furniture.
         6. Work with an interior designer to optimise your layout and maximise your space.
         7. If possible, consider taking on smaller renovation tasks yourself, such as painting, minor repairs, or installing simple fixtures.
         8. Look into government schemes that provide financial assistance or subsidies for renovation works, such as Home Improvement Programme (HIP) and Enhancement for Active Seniors (EASE). Check if you are eligible for these schemes to help offset renovation costs.
         9. Maintain your HDB resale flat regularly to prevent significant concerns or damages.
         10. Keep yourself updated on the latest renovation trends, materials, and cost-saving tips. Attend exhibitions, read online resources, or seek advice from interior designers.

Conclusion

It is evident that renovating HDB resale flats can be more expensive due to various factors such as customisation requirements, existing conditions, and the age of the flat. At Style+Space, a leading interior design firm in Singapore, we understand the concerns of homeowners planning to proceed with their HDB resale renovation journey. That is why we are committed to offering cost-effective solutions without compromising quality and design.

We provide an affordable option for homeowners to transform their resale flats into stylish and functional spaces with our HDB Resale Interior Design & Renovation Package Promotion. Our package prices are significantly lower compared to the estimated renovation costs, so you can achieve your dream home within your budget.

Ready to start your HDB resale renovation project? Contact us here for more information on our design packages or to get answers to your questions. Our team is here to guide you every step of the way.