The cost of a remodel or renovation in Medellín can vary widely depending on the scope of the project, the quality of materials used, and the labor costs. Here’s a detailed breakdown of potential costs:

General Cost Estimates

1. Basic Renovation:

• Scope: This typically includes cosmetic updates like painting, basic flooring, and minor repairs.

• Cost: COP 500,000 to COP 1,000,000 per square meter (approximately USD 140 to USD 275 per square meter).

2. Mid-Range Renovation:

• Scope: Includes kitchen and bathroom updates, new flooring, electrical and plumbing upgrades, and moderate structural changes.

• Cost: COP 1,000,000 to COP 2,500,000 per square meter (approximately USD 275 to USD 690 per square meter).

3. High-End Renovation:

• Scope: Complete overhauls including high-end finishes, custom cabinetry, major structural changes, and luxury fixtures.

• Cost: COP 2,500,000 to COP 5,000,000 per square meter (approximately USD 690 to USD 1,375 per square meter).

Specific Project Costs

1. Kitchen Remodel:

• Basic: COP 15,000,000 to COP 30,000,000 (approximately USD 4,150 to USD 8,300).

• Mid-Range: COP 30,000,000 to COP 60,000,000 (approximately USD 8,300 to USD 16,600).

• High-End: COP 60,000,000 to COP 120,000,000 (approximately USD 16,600 to USD 33,300).

2. Bathroom Remodel:

• Basic: COP 10,000,000 to COP 20,000,000 (approximately USD 2,750 to USD 5,500).

• Mid-Range: COP 20,000,000 to COP 40,000,000 (approximately USD 5,500 to USD 11,000).

• High-End: COP 40,000,000 to COP 80,000,000 (approximately USD 11,000 to USD 22,200).

Factors Affecting Costs

1. Materials: The choice of materials can significantly affect the cost. Imported or luxury materials will cost more than locally sourced options.

2. Labor: Labor costs can vary based on the skill level of the workers and the complexity of the job. Hiring experienced contractors can be more expensive but often ensures better quality.

3. Permits and Regulations: Depending on the extent of the renovation, you might need permits, which can add to the cost.

4. Project Management: Hiring a project manager to oversee the renovation can add to the cost but can also help ensure the project stays on budget and schedule.

By considering these cost estimates and factors, you can better plan and budget for your renovation project in Medellín. It’s advisable to get multiple quotes from contractors and work with a local real estate agent or advisor who can help navigate the process.