How much a full luxury renovation costs in Madrid
The price of a luxury renovation is not measured only in euros per square metre, but in decisions. Understanding what drives the budget is the first step to controlling it.
How much a full luxury renovation costs in Madrid is the first question almost all our clients ask, and the honest answer is: it depends on decisions, not just square metres. Even so, it helps to have references. As a guide, a high-end full renovation in Madrid usually starts from around €1,500–2,000/m², and can exceed €3,000/m² in projects with premium materials, advanced systems and a very high degree of customisation. These are reference figures, never a budget.
What determines the price
Five factors explain almost the entire difference between one project and another: the surface area, the starting condition (an old building with obsolete services demands more than a recent home), the level of finishes (marbles, noble woods, bespoke joinery), the complexity of the services (underfloor heating, climate control, home automation, technical lighting) and the degree of bespoke design (the more unique, the more craftsmanship).
What a luxury renovation includes
A high-end full renovation is not just building work: it includes the architectural design, the site management, the complete services, the bespoke joinery and furniture, and the interior design down to the last detail. The value lies as much in what you see as in what you don't —good installations, correct insulation, well-directed works— which is what makes a home work for decades.
Where it shows (and where not to save)
The budget can be adjusted by prioritising: perhaps a particular marble only in the rooms where it is most enjoyed, or bespoke furniture in phases. Where we do not recommend cutting back is on the structural and the hidden —services, insulation, waterproofing, joinery— because saving there is paid for dearly over time. Luxury properly understood is lasting, not apparent.
Fees and works budget
It is worth distinguishing two items: the works budget (what the building work and materials cost) and the architecture fees (design and site management). Having a studio that directs the works is not an added cost: it is what prevents overruns, protects quality and makes the result faithful to the design.
How we prepare a budget
We don't give figures off the cuff. We start from your home, your needs and the level you are after, and from the design we prepare a detailed, realistic budget with options by priority. If you want an initial idea of the investment before deciding, the express consultation with Mónica is the ideal starting point; for the detail of the service, see how we work.
The figures in this article are indicative, based on the Madrid market, and do not constitute a budget. Every project is assessed individually.