My Reno Diary

Our team consists of experienced project managers, interior designers, in-house drafters, and trusted suppliers to provide the best possible interior design suited to homeowner’s need with optimized and budget friendly costs.

7 Gambas,
Crescent #01-01 Ark@Gambas,
Singapore 757087.
+65-6255 1010

60 Ubi Cresent,
#01-04 Ubi Techpark,
Singapore 408569.
+65-6844 1010

10am – 9pm, Open Daily.

Are you ready to embark on the journey of owning your dream home, but the thought of budgeting for a 4-room BTO in Singapore leaves you overwhelmed?

Owning a Build-To-Order (BTO) flat is a significant milestone for many Singaporeans, representing both a substantial financial commitment and a dream come true. However, the excitement often comes hand-in-hand with anxiety about the costs involved. From the initial purchase price to renovation expenses and monthly maintenance fees, the financial aspects can be daunting. This guide aims to demystify the budgeting process, providing you with a clear roadmap to manage your finances effectively while ensuring your new home is both beautiful and functional.

Budgeting for a 4-room BTO flat in Singapore is not without its challenges:

  • High Purchase Prices: With prices ranging from SGD 537,000 to SGD 763,000​ (MoneySmart)​​ (MoneySmart)​, the initial cost can be overwhelming.
  • Rising Renovation Costs: Due to increasing material costs, renovation expenses for a 4-room flat can range from SGD 7,400 to SGD 71,370​ (Qanvast SG)​​ (MoneySmart)​.
  • Monthly Financial Commitments: Managing mortgage payments, maintenance fees, and property taxes can strain monthly budgets.

Key Takeaways

  1. Understand the Major Expenses: Familiarize yourself with the purchase price, renovation costs, and ongoing monthly expenses.
  2. Plan for Contingencies: Always set aside a contingency fund for unexpected expenses to avoid financial stress.
  3. Save Smartly: Learn tips and strategies to save on renovation and furnishing costs without compromising on quality.
  4. Seek Professional Advice: Consider consulting professionals to help you create a realistic budget and ensure you are well-prepared.

Understanding the Costs

Purchase Price

The purchase price of a 4-room BTO flat in 2024 varies significantly depending on the location and other factors. Current market prices range from SGD 537,000 to SGD 763,000​ (MoneySmart)​​ (MoneySmart)​. It is essential to consider these prices when planning your budget to ensure you can afford the initial investment.

Renovation Costs

Renovation costs can vary widely based on the extent of work you plan to undertake. Here’s a breakdown of expected renovation expenses:

  • Light Renovation: SGD 7,400 to SGD 20,000
  • Moderate Renovation: SGD 20,000 to SGD 45,000
  • Extensive Renovation: SGD 45,000 to SGD 71,370​ (Qanvast SG)​​ (MoneySmart)​

Renovation includes hacking, masonry, carpentry, plumbing, and electrical work. It’s crucial to plan these costs meticulously to avoid overspending.

Budgeting for Monthly Expenses

  • Mortgage Payments: Depending on your loan amount and interest rate, monthly mortgage payments can vary. Using a loan calculator can help you estimate these payments accurately.
  • Maintenance Fees and Property Taxes: HDB flats come with monthly maintenance fees and annual property taxes, which should be factored into your budget.

Additional Costs to Consider

  • Furniture and Appliances: Furnishing your home can add significant costs. Budget for essential items like sofas, beds, and kitchen appliances.
  • Moving Costs: Hiring professional movers can be costly. Weigh the benefits of professional services against DIY moving to find the best option for your budget.

Why Hire as Your Interior Design Firm

Expertise and Experience has extensive experience handling BTO projects, ensuring high-quality results and customer satisfaction. Their portfolio showcases numerous successful projects that highlight their expertise.

Tailored Design Solutions offers customized design solutions that fit your budget and style preferences. Their team works closely with you to create a home that reflects your personality while staying within budget.

Hassle-Free Process With comprehensive services from design to execution, ensures a smooth and stress-free renovation process. They manage the project from start to finish, allowing you to focus on other aspects of your move.


Careful budgeting is essential for managing the costs associated with a 4-room BTO flat. By understanding the major expenses, planning for contingencies, and seeking professional advice, you can ensure a financially sound approach to creating your dream home. Contact today for a consultation and let their expert team help you turn your vision into reality.