How to Plan Your Budget for Home Renovation During Diwali

The festival of Diwali is considered the best time to give the home a new look. Many homeowners decide to undertake renovations at this time for painting, kitchen improvements, increasing storage, or making the living room more attractive. However, the biggest question in this process is the cost, which can turn excitement into anxiety. According to a report by NDTV, the total cost of renovation depends on how much of the house you wish to modify.

There is significant variation in the costs for a home makeover. If only a general refresh is required, the cost may be less than ₹1 lakh. However, if the renovation includes major aspects such as flooring, bathrooms, electrical work, and the kitchen, the cost can reach several lakhs. When work is carried out by a professional designer with customised furniture, premium finishing, and lighting, the cost can range from ₹15 lakh to ₹30 lakh or even more.

Generally, for 2-BHK or 3-BHK apartments, there is a vast difference between an affordable and a premium makeover. The relief for homeowners is that they do not need to renovate everything at once. The interior budget depends on the size of the apartment, materials used, storage requirements, and the extent of customisation. Additionally, estimates change based on whether the project includes only furniture and interiors or also encompasses structural repairs, plumbing, and bathroom work.

Based on Indian urban apartments and professional planning, some estimated figures have been provided. The main objective of an affordable makeover is to focus on those parts of the home that bring the biggest difference to daily life. For a 2-BHK home, a budget of ₹6 lakh to ₹9 lakh can cover necessary modular kitchen work, wardrobes, TV units, basic lighting, painting, and selected ceiling work. This cost may vary according to specifications.

Similarly, adopting the same approach for a 3-BHK home may cost ₹9 lakh to ₹12 lakh or more, as additional storage and bedroom furniture are required. The key strategy here is to prioritise functionality over ornamentation. For example, instead of replacing all floor tiles, homeowners can maintain the existing flooring.

It is noteworthy that these estimates are based on interior packages and are not fixed quotations. This cost does not include GST, appliances, loose furniture, major civil work, and bathroom reconstruction. The actual cost may increase depending on the city and the scope of work. Generally, the largest portion of the renovation budget is spent on the kitchen and wardrobes. Homeowners should check warranty terms before hiring an interior designer to avoid any future problems.