Remodeling your home is a smart way of improving your home value and creating a comfortable home. The cost involved for a home remodel can be between $19,800 and $73,200, averagely. But to get a practical estimation for your home remodel cost will depend on various factors such as:
- The size of your home,
- The quality of materials,
- The cost of the materials,
- How extent the remodel is,
- Other problems that may arise, and many more.
In terms of square foot, the home remodels cost for the kitchen or bathroom is from $100 to $250. Estimating the price of a home remodel can be a daunting task. Any changes to the structure or unforeseen damages can increase the cost of your home remodel. Remember that home remodeling will cost more than what you initially thought.
This guide will give you a precise place to start developing a practical and realistic estimation for your home remodel cost if you are a homeowner, investor, or real estate broker.
But before we begin, it’s relevant to know that nowadays, most people interchange renovation and remodeling. But they are distinct from each other. Remodeling your house means that you’re changing the form or structure of your home. However, renovation implies that you want to repair or update, for example, your bedroom to a better state. Remodeling only changes the appearance of the bedroom.
Why is this important? When it comes to construction, you have to make your facts clear on what you want to do and the price that comes with it. The price for a newly renovated house is quite different from a newly remodeled home. This knowledge could save you a few thousands of dollars.
Now, with that understanding, let’s get into it.
Home Remodel Cost: What You Need To Know Before You Make An Estimate
Before we get to the breakdown of the average cost for your home remodel, you need to check a few essential boxes before beginning. You need to clarify the following points because they can help you make an informed decision and estimate your project.
Here are four things you should consider before considering the average cost you’ll incur when remodeling your home.
- What Is The Motive Behind Your Remodeling?
First, establish the reason behind the remodeling before proceeding any further. Maybe you want to sell your house and remodel to increase the price of the home.
Other reasons may be to increase the functional qualities, fix some small issues, or just to improve the style of your home. Whatever the reason may be, make sure you cover every ground before moving forward with your plan.
- Which Specific Area Needs Remodeling?
You should know what needs significant remodeling in the house. Sometimes, you could be fixing a problem while the root of the problem is left untouched. Instead of finding the root cause of mold in the ceiling, you would instead use the wallboard to cover the mold.
Even though you may save money, you could incur more costs when the mold causes massive damage to the ceiling and other surrounding parts. So you need to be sure of what exactly needs to be fixed.
- How Do You Want To Tackle The Remodeling?
It’s essential to know how to go about the remodeling of the house. Why? Because it adds to the overall cost of the project. Do you plan on remodeling the home yourself? Will you need the help of others, maybe a professional?
Do you plan to use a subcontractor, which gets the jobs done better and faster? Subcontractors can be expensive if you don’t know where to search. We recommend that you get different quotes to see the cost of your project.
You can get a free quote for your remodeling project and choose the best subcontractors within your budget. You can also call 1-800-995-3959 for an expert’s analysis of your house project.
- How Much Should Your Home Remodel Cost?
There’s no specific answer. It relies on the square footage of the place you want to remodel. It will also depend on any addition of the square footage, the quality of the remodeling, acquisition of permits from authorities, etc
But, what you should do is always to have a budget prepared. Add contingency to the budget because we’re sure there’s a high chance of the project not going as planned. You also need to break the project into sections or rooms to estimate the average cost.
Here are some of the home remodel cost examples that can help you in your estimations:
|Area That Needs Remodeling||The Average Cost|
|The external of the house||From $5,000 to $15,000|
|Bedroom||From $1,500 to $5,500|
|Roof||From $5,500 to $10,500|
|Basement||From $11,000 to $30,000|
|Living Room||From $1,500 to $5,500|
|Bathroom||From $6,000 to $35,000|
|Kitchen||From $4,500 to $50,000|
|The Total Cost Of The House||From $35,000 to $155,500|
It’s clear from the table above that the budget for both bathroom and kitchen is high in terms of the cost. If you want to remodel and sell the house at a higher price, don’t go overboard with your remodeling in terms of the cost. You may lose a sale to other similar homes with the same qualities but low prices.
If you want to remodel items such as flooring, appliances, cabinets, etc., you could be spending between $10-$60 for each square foot. For high-quality remodeling, you could spend up to $150 for each square foot, or even more.
The Breakdown For Average Home Remodel Cost Of Your Project
In this section, we will take a look at the average cost when it comes to remodeling your house. The following breakdown should give you a headstart and limit and inadequacies in your cost. Use the home remodel cost examples to estimate your projects.
The Average Cost of Kitchen Remodeling
According to NKBA, here is the budget breakdown for the kitchen remodeling you should use:
|Kitchen Projects||Average Cost (Percentage Of Overall Cost)|
|Kitchen cabinets and hardware||30%|
|Design and engineering fees||4%|
|Ceilings and walls||5%|
|Doors and windows||4%|
Remember that the kind of material also plays a massive factor in the overall cost. For example, the top-quality refinished cabinet can cost you $3,500, while the price of a simple stock cabinet can be $400.
The Average Remodel Cost For Bathroom
Bathroom remodeling comes with varying costs. Here is the breakdown of the projected costs for a bathroom. Use the information to adjust your budget.
|Projects||Low Price Range||Mid Price Range||High Price Range|
The Average Remodel Cost For Bedroom And Living Room
When it comes to the living room and even the bedroom, the cost involved should not be high, unless you are adding some other features. But mostly, the value should be between $1,500-$5,500.
There are different cost factors you need to consider when remodeling your home. For example, the cost involved should be competitive with other homes in your area if remodeling the home for sale is your goal.
Here’s a tip for your home remodel cost. You should expect to get at least 80% of the cost back when you sell. If you don’t have any experience in remodeling, use our home remodel cost examples as assistance.
However, if you need help, you can contact us on 1-800-995-3959 to get professional advice or get a free quote. We can give you the support you need to complete your home remodeling. Call us right now!