How much does a high-end refurbishment cost?
That is the million-dollar question: how much does a high-end refurbishment cost? The answer, like almost everything in life, cannot be concrete or categorical. Luxury decoration and interior design projects have a series of peculiarities that set them apart from the usual and commonplace. Personalised designs are used, top brand materials are used and qualified specialists are employed. And all of this is done with an eye for elegance and without losing sight of exclusivity.
It would be an illusion to think that all this will mean a low price and a sledgehammer budget. There are many elements involved and the individual tastes of the client have a great influence on the estimated amount.
It is impossible to be sure of the exact price of a high standing refurbishment before knowing the project, which professionals will be involved and what materials will be used. However, it is possible to make a slight approximation.
In Molins Design we have developed many high standing reforms and we can guide you on which aspects should be developed. In this article, we can also offer you some approximate figures. Let’s get started!
Decoration project or interior design project
Thus, at first glance, it seems that a decoration project and an interior design project are the same thing. However, there are substantial differences. And, obviously, this disparity will be reflected in the final price of the renovation.
An interior design project, in addition to the decoration of the space, includes demolition work and redistribution of the space. It is clear that the price will always depend on the square metres that are updated. As a rough estimate, an interior design project can start at €150,000. This can be an acceptable starting point for the renovation of a space. Of course, we are always talking about interior areas.
If we focus on a decoration-only project, the starting figure drops substantially. The decorative scope of a high-end refurbishment could start at around €50,000.
As you can see, the difference is considerable, but so is the type of project. Moreover, these are initial amounts that will surely increase depending on the materials, the final design and possible circumstances that may occur throughout the work.
What factors are indispensable in a high-end refurbishment?
1. Personalised attention
Dealing directly with the client is the cornerstone of a high quality refurbishment. The professionals in charge of the project must know the tastes, desires, inclinations and needs of the client. This is achieved through meetings and encounters where questions are clarified and priorities are set.
The clients must talk and transmit all these concerns. The professionals must know how to grasp the idea and translate it into a plan and a decoration project.
2. Planning in detail
Once the tastes and needs of the client are known, the high standing reform has to be planned. To do this, objectives are defined, designs are presented and their functionality is adjusted.
A budget is also presented, which must be detailed and as approximate as possible. This is essential in order to know where to start from and to avoid last-minute surprises. This estimated document should include, on the one hand, the project fees in the case of commissioning the design and/or execution of the project to an interior design or architecture studio. On the other hand, there will be a detailed estimate and calculation that includes all the cost of materials, the cost of labour and the work to be carried out, as well as an item for unforeseen events.
On the other hand, it should reflect the start and end dates of the work.
Another important part of the planning should include a selection of materials of a design and standard to suit the luxury refurbishment.
Finally, it is necessary to apply for and obtain all licences and building permits required by the competent administration.
We want to dwell on the question of materials because it is basic in a high standing reform. In these projects, expensive materials such as natural stone, marble or natural wood are usually used.
Of course, we always work with the most prestigious manufacturers and brands in the sector. These renowned firms guarantee elegant, exclusive and long-lasting supports. In short, choosing high-end materials that guarantee good finishes and quality also has a direct impact on the final price.
4. Experienced professionals
The professionals involved play a very important role in a high quality refurbishment. It is essential to have expert hands that are attentive to all the details. Sure it requires professionalism, dedication and work in accordance with the highest quality materials.
It is essential that the operators work in the direction of the projected designs and can provide a plus of excellence in all their interventions. Qualified and experienced professionals also have their price.
5. Exclusive touch
Finally, in any high-end refurbishment project, it is important to include an exclusive touch that reflects the style of the clients. This is achieved by working with experts who can reflect that lifestyle and personality through the pieces of furniture, wall coverings or fabrics. Even the inclusion of artwork in the project can be considered.
Similarly, it is possible to personalise spaces and create exclusive places for certain activities. For example, create a cinema room with everything you need to enjoy the seventh art. Fit out a wine cellar with the ideal materials to keep wine in good condition. Or it is also possible to build a wellness area where you can enjoy a dream spa.
All these conversations prior to the project will give the designers clues to achieve elegant, unique and sophisticated spaces.
A high-end refurbishment with a exceptional result
It is clear that setting a price for a high standing reform is complicated. Everything will depend on the needs and choices of the clients, as well as the work and the amount of working hours involved.
What is clear is that in a luxury refurbishment, excellence, sophisticated design, advanced technology, comfort and the highest quality standards are sought after. In addition, the design team has to ensure that all professionals work in the best conditions.
No one is unaware that all this work and dedication comes at a price that guarantees that the result of the renovation will be spectacular and meet the requirements of the property.