Many homeowners wonder, "How much do house renovations cost?" While the answer can be different for every project, there are some common factors you can use to estimate the cost of your own home renovation.
Whether you're intending to save money on anything from a whole house renovation to a simple bathroom renovation, it pays to know how much you'll pay.
Average house renovation costs range anywhere from $15,000 – $200,000. The list of variables involved in determining the cost for a full home renovation is exhaustive, as many expenses depend on entirely unique situations.
Generally, the final cost will depend on the types of structural changes required, the price of materials and labor per square foot, location and any unforeseen problems that might arise during the process.
If you're renovating a home room by room, contractors usually recommend dividing the rooms into two categories: dry and wet.
Dry rooms are those without any plumbing work involved, such as bedrooms, offices and living rooms. Wet rooms involve a water source and include kitchens, bathrooms and even outdoor rooms.
Dry rooms usually require fewer steps to completely renovate, while kitchens and bathrooms need more than just new walls and flooring.
The most common renovation projects include:
Any room remodel typically involves painting walls and floors, installation of insulation, drywall molding and door replacements and crown molding.
Other costs, like furniture moving, contractor fees and temporary lodging also factor into your final budget. Average home renovation costs can also vary drastically from one location to the next, and depend on the type of property you own.
To get the clearest sense of how much your project will cost, consult multiple contractors for estimates. By shopping around for the best deal - and best financing options - you can make the best possible decision for your financial future.
Ted draws energy and joy from building synergetic relationships with his Clients. Ted's nature is graciously gregarious and persevering; he's honest; and he's been dedicated to a substantial list of clientele throughout his 25 years in the hospitality business and almost two years as a REALTOR. His passion is creating a sincere, successful relationship with people.
Ted grew up in a family of Realtors in central Indiana, earned a degree in economics and philosophy from the University of Notre Dame, and jumped into all aspects of the restaurant business. His ensuing hospitality career path eventually led him into the Event Management Sales & Service role in hotels and quickly guided him to Los Angeles, San Francisco, and finally to a luxury resort in the Napa Valley, where he, his husband, and their dog have resided for almost a decade now.
The irony is not lost on Ted that his ‘growth’ journey has culminated in“living happily ever after” in an agricultural area with a small-town feel and sense of community strikingly reminiscent of his youth…and as a REALTOR nonetheless!