Inspiration & ideasHow Much Does it Cost to Renovate a House in Chania, Crete?

How Much Does it Cost to Renovate a House in Chania, Crete?

When you meet with clients wishing to proceed to renovation works for their homes, what’s the first thing you do to estimate the renovation cost?

ARENCOS - Research for the construction sector in Crete, Greece
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According to ARENCORES, a leading real estate firm in Chania, Crete half of all renovations in the island of Crete are valued between € 20,000 and € 200,000. We sat down with Civil Engineer and Founder of ARENCOS Maria Gkika to find out how much does it really cost to give your property a long-awaited makeover.
When you meet with clients wishing to proceed to renovation works for their homes, what’s the first thing you do to estimate the renovation cost?

Does it really make a difference if a property owner wants to live in their house forever or are planning to sell?

“Some clients might say they have € 10,000 to spend and decide later for a large-scale renovation. This budget means the decisions for renovation will be different compared to if they were going to sell.

For example, if they were willing list their home for sale with a real estate agent, I would suggest and indicate as a priority for renovation the external areas of their property like the front of the house – or even the living room or the kitchen. We know modern living rooms and kitchens sell houses much faster.

If a prospective buyer looks at a residential property and it has an appealing living area or modern and bright kitchen and then they get to the bathrooms but they’re not amazing, it doesn’t matter as much because these people already know they like the house.

However, if it is a ‘forever’ home, I would suggest to procced to renovation works for the most important areas for them and their family.”

Is it more about how you spend, not how much you have to spend?

“A big part of renovating is predicting the budget of the renovation works so that you can do as much as you need to do without crossing the red line. A client may have €50,000 but only want to spend €5,000 on the roof, for example.

I see a lot of people spending € 20,000 more than they should on the kitchen or in other areas of their properties. Most of them are shocked by the result, as many of those who think they’re within budget aren’t when the renovation is finished. This is the start point of sorting out their budget. What is more, they haven’t renovated all the areas of their property they want to.”

Is Renovating a House Cheaper Than A New Build?

So how much does a bathroom renovation cost?

“When it comes to bathroom renovations, you’ll want to avoid making unnecessary modifications to your existing sanitaryware layout. However, you should need a certain number of square metres of tiles, shower screens, a bath, vanities and someone with a good knowledge on the bathroom plumbing.

The easiest way is to walk straight into your nearest bathroom retailer or go online and start ordering your new sanitaryware, tiles, shower screens flooring and lighting. Yet, there’s a big benefit to having someone who’s done all that before.

Do you want to try to save some costs by doing it yourself but risk going over budget or do you pay a professional to deliver the project for you and mitigate the potential of overspend?

Save yourself the hassle.

According to my experience renovating a bathroom tends to cost between $4,000 and $20,000. Replacing tiles and the plumbing system often pushes up the cost of bathroom makeovers.”

How much does it cost to renovate a kitchen?

According to our experience, renovating a kitchen in Chania, Crete could cost anywhere between €8,000 and €45,000.

The price varies depending on the materials and products you use and your kitchen’s size. Markantonakis P&G can help you design your dream kitchen in Chania.

At Markantonakis P&G you can select between the most popular kitchen designers such as Valcucine, Modulnova, Poliform, Snaidero, Binova, Casamania, Kristalia and many others.

How much does it cost to renovate a living room?

One of the more affordable renovation works, simple yet, effective changes to living rooms cost anywhere between € 5,000 and €20,000.

If you’re thinking of replacing flooring or the then you’re to likely spend more than €25,000, which you should consider very carefully if you want to remain in your budget.

How much does it cost to renovate a bedroom?

You can change the entire look and feel of any bedroom for less than € 1,000.

For a large, master bedroom, with dimensions around 30.00 sq.m, your renovation cost can be around € 1,500 to € 4,000, depending on the cost of materials you choose.

However, renovation cost can be as much as € 10,000 + – if you’re adding an en suite bathroom or adding stone flooring and accent lighting.

How much does it cost to renovate a living room?

One of the more affordable renovation works, simple yet, effective changes to living rooms cost anywhere between € 5,000 and €20,000.

If you’re thinking of replacing flooring or the then you’re to likely spend more than €25,000, which you should consider very carefully if you want to remain in your budget.

Make the Leap. Take the Lead.

Do you need help?

Contact us.

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