This Is the Average Cost to Remodel a Home
There’s no easy way to say this, but it’s time for your home to get a makeover. You deserve to live in a beautifully designed, looks straight out of a magazine, your own personal paradise kind of home.
But wait, don’t swing the hammer just yet. Before you start your remodel, you probably have a few questions, specifically about the cost. Here’s the simple answer, remodeling can get expensive.
That doesn’t mean you have to break the bank to get the look. So what is the average cost to remodel a home? Here’s the average cost of a renovation by room and what factors can increase the price.
Average Cost to Remodel a Home By Room
When homeowners think about their dream home, they have a design for every room. But with a limited budget, remodeling every room may not be possible. The truth is that a dollar will stretch differently in every room.
Some rooms in your home will require more money to remodel than others. Some will require more in-depth remodeling, while others may only need cosmetic touches. The best solution would be to work with an expert in your area (for example, if you live around Lynchburg, you can search ‘commercial contractors Lynchburg‘ to find them) and listen to what they think about remodeling your home. Here are the average home remodel prices by room.
The kitchen is one of the most expensive rooms to remodel, with the majority of the cost coming from appliances and cabinetry.
You may also find that tile for the floor or backsplash and stone for counters take a large portion of your budget. The average cost of a kitchen remodel can start as low as $10,000 and go as high as over $30,000.
Similar to kitchens, bathrooms can take up a large percentage of your renovation budget. Because of the very customizable options for appliances and cabinetry, the price depends on your choices.
Cabinetry is one of the largest contributors to budget costs for the bathroom. Followed by appliances and finishes. Expect to pay between $6,000 and $15,000 for a bathroom remodel.
Living rooms are an easy and often cost-effective renovation in your home. Without cabinetry, appliances, and plumbing, the average renovation cost won’t rise too high.
Cosmetic upgrades can start at $1,500 or less. Adding a fireplace can cost almost $3,700. And if you’re planning an addition or expansion, expect the cost to go up, starting between $10,000 to $20,000 and higher depending on size.
Bedrooms, too, can be an easy renovation. Since you won’t have to deal with big-ticket items like cabinetry and appliances eating at the budget, the bedroom is a room where you can find some savings.
Renovations like new flooring, painting the walls, adding molding, and new lighting fixtures are easily done. New windows and doors, as well as creating an addition, can cost a little more. Expect to pay between $1,500 to $8,000.
Remodeling the exterior can cost you a pretty penny, much more than most interior remodeling projects. Despite the high price, a refreshed exterior can increase your curb appeal and help the home feel finished.
Painting the exterior can fall between $1,700 and $4,100. New siding can cost, on average, $14,000. And a new roof can start at $20,000.
Full House Remodel
If your whole house could use a facelift, then it’s time for a full house remodel. Tackling every room can be a huge undertaking, and you can find more information about living through a remodel here.
The above prices are a great guide to a full home remodel cost. However, every project at once can save time and money in the long run. Expect to pay between $44,000 and $75,000 to remodel an entire house.
Factors That Affect a Remodel Price
Not only will a home remodel budget change depending on which room you’re tackling. But there are some other factors that can raise or lower the price. Some factors you can control, while others can come up during the remodel.
The room you’re renovating, and a combination of outside factors together determine what the final price of your remodel will be. Here are a few factors that can affect the price of your remodel.
One of the main factors that affect the price that you can control is the finishes. This includes the flooring, tiles, cabinets, door handles and cabinet pulls, lighting, and plumbing fixtures.
The price of the finishes can quickly add up if you’re not careful. And since it’s one of the few factors you can control, if you want to save money, take care to keep the price of finishes low.
Your Home’s Age
The age of your home may be a sneaky cost contributor. Older homes will need more attention and care to update or remodel. Some older homes may not be up to contemporary building codes that will need to be addressed.
Historic homes may need to follow specific guidelines and city codes that you need to be aware of before remodeling. Newly built homes, typically, don’t have to face these issues.
Scope of the Project
Another large contributor to a remodel cost is the scope of the project. This is another factor that you can control as you decide how much your want to change in the home remodel.
Cosmetic remodels like new floors, and new paint falls on the low end of the remodeling cost. Whereas a full gut to your home or adding an expansion can cost you much more.
No matter how well you budget and allocate your money, you’ll have to put some of the budget towards unexpected expenses. Both old and new houses can expect some issues to come up.
It’s a good idea to set aside some money for delays, material shortage, emergency fixes, and other unforeseen circumstances that come with renovating.
Your Dream Home Is a Swing Away
It’s time to transform your home into the kind you see on the glossy pages of a magazine. Think sunlight shining on brand new floors, a fresh coat of paint, and shiny new tile in the kitchen and bathroom.
Before you start any construction, you should set a budget and understand the costs of a remodel. The truth is that the average cost to remodel a home is dependant on many factors.
With the right planning, you can find a price that you’re comfortable paying. Need more home and remodeling advice? Check out the blog for more home articles.