How much would you spend for a HDB 4 or 5 room flat renovation and why?

Hi OP! How much you feel comfortable spending on your renovation would def depend on several factors like how much you are able to afford, whether this is your first renovation and if you want to live in the house for long. As you come to your decision, I think you'd probably find this articlehelpful. It talks about what to avoid when renovating!

Bto or resale?

​

If bto will be 40k for 4 room , 60k for 5 room. That's the budget but cfm overshot by10-20k

​

For resale most likely u wanna hold the property longer, and the existing condition more chui. So 60k for 4 room and 80k for 5 room but may overshot by 10-20k

​

It is important to note that the money you spend on reno will not add much in terms of how the valuer value the price at resale

​

Renovation essentially is an act of consumption. To improve your quality of life but will not necessarily add to the value of home.

​

It doesn't mean u spend 200k on reno ur value goes up by 200k. More often then not, the reno barely move a needle.

​

Like u spend 200k, but valuer just increase the valuation by 5 to 10k kind.

I think it depends on how long you intend to stay there?

I guess it depends on when you do your renovation? 10 yrs ago the reno wld be considerably lesser compared to the recent years. In my case, i've not gotten my place but in the next 1-2yrs. I am expecting to set aside 70-80k for a 5rm due to inflationg etc. Things won't be as cheap as compared to 10 years ago hence the bigger budget.

​