You might imagine crystal chandeliers gleaming in the light or the sound of cocktails being stirred at the wet bar when you think of a formal lounge room renovation. Perhaps just hearing the words “formal lounge room remodelling” makes you go for your wallet as monetary signs flash through your head. Depending on your goals, you’ll need to hire a variety of trades, which will affect the entire cost.
If you’re thinking of creating or upgrading a formal loungeroom in your house, this article can help you figure out how much it would cost.
1. Make a Space Plan
You must first and foremost plan. Are you erecting any barriers? Will you incorporate built-in storage? Do you have enough room for the number of people you want to invite? All of these are questions that an experienced Interior Designer can assist you with. If you wish to engage an Interior Designer, you should budget between $50 and $90 per hour. Getting estimates is the best method to learn how much Interior Designers in your region cost. You can hire an Interior Decorator instead if you aren’t making any structural alterations but would like some advice on furniture. Interior designers and the projects they oversee are typically less expensive. You may get quotes from Interior Decorators in your region by filling out this form.
2. Potential Changes in Structure
In your formal lounge area, adding a wet bar, relocating the entryway, adding a fireplace, or installing built-in shelving will be a significantly more expensive undertaking. The cost of these renovations will vary depending on the number of tradespeople needed, the layout of your home, and the grade of materials used. If you want to build a wet bar, for example, you’ll need to employ a plumber, which can cost anywhere between $60 and $12,000. To instal or build the cabinetry and instal the countertops, you’ll need to employ a carpenter. Depending on where you live, carpenters charge between $40 and $80 per hour. You may get quotations from carpenters in your region by filling out this form. You’ll need to factor in the cost of materials in addition to the expense of employing tradies. Cabinetry, tap and sink, countertop material, refrigerator, and other items are required for a wet bar, for example. A reliable tradesperson can help you get a price for your unique job based on what you need.
3. Improving the Space
If your living room layout is satisfactory or you have a restricted budget, you may choose to make a few less expensive adjustments such as painting or adding new flooring. Installing wood floors in your living room if you already have carpet is a wise idea. This has a more modern appearance and is also more useful. If you want to instal hardwood wooden flooring, you should budget between $50 and $150 per square metre, not including labour costs. Click here to get quotations from hardwood flooring installers. Depending on the scale of your painting project, you should expect to pay between $2,500 and $20,000 for a painter. Click here to get quotes from painters.
4. New Lighting Installation
When it comes to throwing a dinner party, a holiday get-together, or a formal event, the atmosphere is crucial, and nothing sets the tone like good lighting. Downlighting, chandeliers, non-linear pendants, and other types of formal lounge area lighting are all excellent choices. If you choose downlights, a trained electrician will cost you between $70 and $130 per hour. Some electricians prefer to charge by the wattage of the downlight. You could be paying up to $100 per downlight in this case. If you choose a chandelier, expect to pay anywhere from $100 to $4,500, depending on the style, ornateness, and whether or not it’s an antique. Click here to learn more about how much a chandelier will cost. The cost of hiring an electrician to instal a chandelier is around the same as that of installing downlights – $70 to $130 per hour.
5. Adding the Final Touches
Finally, the most enjoyable part… shopping! If you employ an Interior Decorator, the two of you will spend a significant amount of time arranging your colour scheme and selecting a sofa, chairs, carpeting, lighting, window treatments, and other furnishings. The cost of furnishing and decorating your formal living room will vary depending on where you buy and the quality of the goods you purchase. Furniture is the easiest way to keep your budget in check because you can always add additional items to the area and upgrade the furniture later.
* All costs and prices mentioned in this article were obtained at the time of writing. They should only be used as a guide because they are indicative, may vary locally, and are subject to market pressures.
