Renovation cost
₹14,49,000
₹14,49,000 for 1,200 square feet at the moderate scope, of which ₹1,89,000 is contingency. The general work is 1080000 at 900 a square foot for a moderate scope. Wet areas add 180000, which is 14% of the work before contingency, from a small fraction of the floor. Pricing them separately is what makes dropping one from the scope a decision the numbers can support. Contingency of 15% is higher than a new build would need, because opening up an existing structure finds problems rather than planning for them. Enter a rent figure if you will have to live elsewhere; six weeks is a real line item. Rates vary by city, season and contractor. Treat the figure as a budget with a stated contingency, not a quotation.
Share taken by wet areas
14.3%
On the scope
The general work is 1080000 at 900 a square foot for a moderate scope. Wet areas add 180000, which is 14% of the work before contingency, from a small fraction of the floor. Pricing them separately is what makes dropping one from the scope a decision the numbers can support.
On living elsewhere
Contingency of 15% is higher than a new build would need, because opening up an existing structure finds problems rather than planning for them. Enter a rent figure if you will have to live elsewhere; six weeks is a real line item. Rates vary by city, season and contractor. Treat the figure as a budget with a stated contingency, not a quotation.