The cost of renovating a property continues to rise, leaving many homeowners uncertain about how much they need to set aside. Increased demand for skilled contractors and changing material prices are making accurate budgeting more important than ever.
The Expert’s Advice
Darren Drumm, Founder of Drumm Carpentry, Kitchens & Wardrobes, says renovation costs vary widely depending on the level of work required. A straightforward refresh may cost between €800 and €1,200 per m² (£680-£1,020), whereas a full-scale renovation or retrofit could exceed €3,500 per m² (£2,975+), with typical estimates beginning at €2,500 per m² (£2,125).
For a three-bedroom semi-detached home, Darren advises homeowners to budget for:
- €150,000-€250,000 (£127,000-£212,000), depending on project requirements.
- Additional expenses such as VAT, skip hire and professional fees.
- A 15% contingency reserve for unexpected issues.
Labour availability remains one of the key challenges facing renovation projects.
“Demand for electricians, carpenters, plumbers and retrofit specialists remains high, with many trades booked out months in advance. The more complex the work becomes, the faster costs rise. Structural changes such as removing walls or relocating plumbing during a fitted kitchen renovation often require multiple trades and significantly more labour hours.”
By contrast, visual upgrades are generally easier to cost and schedule. Darren recommends focusing on efficiency and practicality rather than making unnecessary compromises that could affect quality.
Cost-saving options include:
- Leaving plumbing and electrical systems in their current locations.
- Choosing stylish mid-range products and finishes.
- Refurbishing existing features where possible.
- Spreading renovation work across multiple phases.
Certain areas, however, should never be treated as optional investments.
“Electrical work, plumbing, insulation and structural integrity should always remain a priority. There is some good news for homeowners planning energy-efficient upgrades, though, as grants and green loans are continuing to make renovations more achievable in 2026.”
Financial support remains available in Ireland for insulation and upgraded windows and doors, while green home improvement loans often carry APRs of around 6-7%.
UK homeowners may also be eligible for support through initiatives including the Warm Homes Plan, alongside future green loan options aimed at improving household energy efficiency.
