Thinking of transforming your beloved terraced house into a modern masterpiece? Rebuilding offers you the chance to completely redesign your house, tailoring it to your evolving needs, preferences, and ideal lifestyle. But, before you embark on this exciting journey, there is one key question that you need to ask: how much does it cost to rebuild my terraced house?
Here, we’ll break down all the costs involved in this exciting undertaking, from basic construction costs to interior design, providing insights into various factors that can influence your budget.
Definition of Terraced Houses in Singapore
In Singapore, terraced houses are a popular choice among homeowners, particularly those looking for landed properties. It is a type of residential property with its own land title and is situated within a row of at least three houses sharing common boundary walls.
There are two main types of terraced houses in Singapore:
- Type 1: These boast larger plot sizes (minimum 150 sq m) and offer more flexibility for potential extensions or renovations. This translates to greater freedom in your design aspirations.
- Type 2: These have a smaller plot size (minimum 80 sq m) and are generally more compact. Perfect for smaller families, they offer a cosy and efficient living environment.
How Much Does it Cost to Rebuild a Terraced House?
The cost of rebuilding a terraced house in Singapore is influenced by several factors. Here are some key aspects to consider:
1. Basic Construction Costs
The cost to rebuild a terraced house typically begins at around $180 per square foot of built up area. This estimate covers the fundamental structural work for your new house.
2. M&E (Mechanical & Electrical, Plumbing) Works
Essential systems like plumbing, wiring, and electrical installations can add considerably to your costs. It’s best to budget between $50,000 and $100,000 for these vital components, depending on the complexity of the systems required.
3. Material Costs
Quality materials can significantly affect your total expenditure. For a standard rebuild, expect to spend between $100,000 and $250,000 on materials, influenced by the choices made regarding flooring, fixtures, and finishes.
4. Interior Design Costs
If you’re keen on a tailored finish, the cost needed to build a terraced house can escalate. Heavy carpentry works, which may include custom cabinetry or unique features, can range from $60,000 to $200,000, depending on the scope of the project.
5. Consultant Costs
You should engage the right team comprising of an experienced Architect and Civil Engineer. Other consultants include for Resident Technical Officer, as required by BCA, and also possibly a Registered Inspector. Other surveyors are also strongly recommended for purposes of building a proper & accountable property. Costs will range from $25,000 upwards but for this aspect of building cost, thorough experience counts for everything. In the hands of a skilled an experienced consultants, navigating through the costs will translate to more savings than the fees you save by engaging non-professionals.
6. Government Fees
Typically all government fees and charges, including permanent utility connections can cost you from $8,000 upwards.
Designing Your Dream Terraced House
Once you have a grasp of what goes into the cost of building a terraced house, it’s time to unleash your creativity. Here are some popular house design styles to consider:
1. Modern Minimalist
The modern minimalist style is characterised by its emphasis on clean lines, open spaces, and functional design. This approach prioritises simplicity, allowing for straightforward construction techniques that can result in lower material costs.
However, it’s important to note that incorporating high-end finishes and fixtures, such as designer appliances or bespoke cabinetry, can quickly diminish these savings.
2. Tropical Contemporary
This style embraces natural materials like wood and stone to create a warm, inviting atmosphere. This design aesthetic focuses on seamlessly blending indoor and outdoor spaces for an enhanced living experience.
These natural materials tend to be more expensive due to their availability and sourcing. Additionally, the emphasis on indoor-outdoor living may require structural adjustments, such as larger windows, sliding doors, or extended patios, further contributing to the overall budget. However, the investment in this style can be worthwhile, as you’ll get to enjoy the benefits of living in a tranquil and harmonious terraced house.
3. Industrial Chic
The industrial chic style is distinguished by its raw, urban aesthetic, featuring elements such as exposed brick or concrete walls, metal accents, and large windows that allow for ample natural light.
The overall cost needed to rebuild your terraced house with this can vary significantly based on the chosen materials; high-quality or custom elements can increase expenses. However, using recycled materials—such as reclaimed wood, repurposed bricks, or salvaged metal—can provide a more budget-friendly option while still delivering the desired industrial look.
The Final Touches: Bringing Your Vision to Life
By understanding the various aspects and costs needed to rebuild a terraced house in Singapore, you can make informed decisions to bring your dream house to life. However, to ensure that your vision translates into a beautiful and functional reality, consider consulting with an experienced design and build company like Meridian Homes. We’re here to handle the rebuilding process from start to finish, helping you craft customised living spaces that reflect your unique style and needs.