There’s a reason people often call buying and remodeling a home a “honey-do” project. It’s not just because your spouse will ask you to do whatever needs to be done around the house.
From the closing table to the move-in inspection and everything, renovating a home is a long and expensive process. How much it will cost you depends on the exact fixer-upper you are buying. Plus, how you plan to pay for the renovation project will have an effect.
Here’s what you need to know about the cost of remodeling a house.
Estimating the Cost of Living Room Redecoration
There are several factors to consider. First, the size of the room, any additions such as removing a wall or putting in new windows, and the materials and finishes used. Labor and labor-related costs typically range from a few hundred to thousands of dollars.
Additional costs include hiring electrical, plumbing, HVAC, and interior designer. They all can help you in making your room beautiful and have peace of mind knowing you have a safe environment.
Also, new flooring and carpentry may require additional costs. Furniture, decor, and other accessories also factor into the equation. Last, there may be associated costs for permits, waste management, and any additional taxes.
Small to medium-sized bathroom renovation may start around $4,000 and increase depending on the job’s finishes, materials, and complexity. Significant renovations can cost $15,000 to $20,000 or more. Having a budget in mind is essential as working with a contractor to determine options that fit within that budget.
Kitchen renovations can be one of the most expensive home improvements to undertake. Generally, the cost can range from around $4,000 to $20,000 or more. Fixtures, cabinets, appliances, countertops, and flooring can impact the overall cost.
Also, the project can become more expensive if you do significant remodeling, such as changing the planning or adding new features like an island. On the other hand, if you choose to limit the remodel’s scope and upgrade your kitchen’s existing components, the cost can remain manageable.
Regarding basement renovation, the most basic level would be replacing drywall, fresh paint, and other cosmetic changes. It could cost anywhere from $5,000 – $20,000. More extensive remodeling, such as an egress window, plumbing inspection, electric work, and ductwork, can range from $25,000 – $50,000.
A complete basement renovation could cost over $50,000, depending on the space size, finishes, and additional features. While it initially seems like something only high-budget projects can afford, there are also affordable options. For example, they set up a separate room, install an egress window, or add framing for future home renovations.
Consider all aspects of the renovation before signing a contract to ensure the work is within budget.
Renovating a Home: The Cost of Comfort
Renovating a home is an investment that will upgrade your home’s comfort and market value. Overall, you can determine the cost of it by the scale of the project. It can range from a couple hundred to a few thousand, depending on how much you plan to do.
Start planning your project today and begin to experience the joy of home renovation.
Want to learn more? Visit and read our other articles now!