Average Cost To Remodel & Renovate A House
The average cost to remodel a house is $19,800 to $73,200, depending on the extent, home’s size, and quality of materials and appliances. Whole house renovation costs $15 to $60 per square foot on average, while only remodeling a kitchen or bathroom runs $100 to $250 per square foot.
Cost To Remodel A House
Area | Average Cost |
---|---|
Whole House (Low-end) | $15,000 – $40,000 |
Whole House (Mid-range) | $40,000 – $75,000 |
Whole House (High-end) | $75,000 – $200,000 |
Full Gut To Studs & Remodel | $100,000 – $200,000 |
House Exterior | $6,000 – $20,000 |
Roofing | $5,000 – $11,000 |
Kitchen | $10,000 – $50,000 |
Bathroom | $5,000 – $25,000 |
Bedroom / Living Room | $1,500 – $10,000 |
Basement / Attic | $20,000 – $75,000 |
Any structural changes made to the layout or unforseen damages can add signifcantly to your overall cost.
Remodeling a house always costs more than you think. Whether you’re a real estate broker, investor, or homeowner, this guide provides an accurate starting point to create a realistic home renovation budget.
Get free estimates from home remodeling contractors near you, or view our guide below.
Average Home Renovation Cost
National Average Cost | $44,850 |
Minimum Cost | $5,000 |
Maximum Cost | $200,000 |
Average Range | $19,785 to $73,198 |
Table of Contents
- Average Cost To Remodel & Renovate A House
- Home Renovation Cost Estimator
- Cost To Remodel A House
- Average Cost To Gut & Remodel A House
- Cost Factors To Completely Renovate A House
- Cost To Remodel Other Buildings
- Home Renovation Budget
- Frequently Asked Questions
- DIY Costs To Remodel A House Yourself
- Hiring a Home Remodeling Contractor
- Home Remodeling Contractors Near Me
Home Renovation Cost Estimator
When estimating home renovation costs, the main factors are the square footage, age, location, and current condition of the property, which rooms are being remodeled, the depth and if any structural changes are made, and the quality of materials and appliances.
Home Renovation Cost Estimator
Type | Average Cost | Renovations |
---|---|---|
Low-end | $15,000 – $40,000 | Cosmetic work like painting, landscaping, trim, molding, and flooring, stock cabinetry, inexpensive appliances and countertops. |
Mid-range | $40,000 – $75,000 | Low-end options + above-average materials and appliances, full bathroom and kitchen remodel, new light fixtures, exterior siding, hardwood flooring. |
High-end | $75,000 – $200,000 | Mid-range options + high-end materials and appliances, custom cabinetry with built-ins, custom closets, structural and foundation repair, layout changes, HVAC and roof replacement, basement or attic conversion to living space, professional interior design. |
Average Remodel Cost Per Square Foot
The average remodel costs $15 to $60 per square foot, depending on which rooms need renovating. Kitchen and bathroom renovation costs $100 to $250 per square foot based on the size and quality of materials. A complete gut renovation costs $60 to $150 per square foot.
Remodel Cost Per Square Foot
Type | Cost Per Square Foot |
---|---|
Whole House Remodel | $15 – $60 |
Full House Gut To Studs & Remodel | $60 – $150 |
Kitchen and Bathrooms | $100 – $250 |
Dry rooms such as living rooms and bedrooms typically fall on the lower-end of the range. Costs increase significantly for urban areas with higher costs of living and historic homes more than 100 years old.
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Whole House Renovation Cost
The average cost to renovate a whole 1,200 sq. ft. house is $18,000 to $72,000, while remodeling a 2,000 sq. ft. home ranges between $28,000 and $115,000. Prices depend on the extent of the remodel, quality of materials, and if structural changes are made to the layout.
Whole House Renovation Cost By Size
Square Feet | Typical Range | Average Cost |
---|---|---|
1,000 | $15,000 – $60,000 | $20,000 |
1,200 | $18,000 – $72,000 | $24,000 |
1,500 | $20,000 – $85,000 | $30,000 |
1,800 | $25,000 – $100,000 | $45,000 |
2,000 | $28,000 – $115,000 | $50,000 |
2,500 | $35,000 – $135,000 | $62,000 |
3,000 | $40,000 – $160,000 | $75,000 |
3,500 | $45,000 – $180,000 | $87,000 |
4,000 | $50,000 – $210,000 | $100,000 |
House Refurbishment Cost By Bedrooms
The average cost to fully renovate a 3-bedroom house is $25,000 to $100,000, and between $40,000 to $180,000 to remodel a 4-bedroom home. These renovation costs range from standard upgrades up to a complete gut and remodel.
Cost To Renovate A House By Bedrooms
Type | Cost Range |
---|---|
2 Bedroom House | $15,000 – $75,000 |
3 Bedroom House | $20,000 – $100,000 |
4 Bedroom House | $40,000 – $180,000 |
Full House Renovation Costs By Home Type
Homeowners typically spend between $20 to $200 per square foot on a full house remodel. The prices below are rough ranges based on the type of property. However, the largest factors are the scope of the renovation, location, and quality of materials used.
Renovation Cost Calculator By Home Type
Home Type | Cost Per Square Foot |
---|---|
Condo | $40 – $125 |
Apartment | $25 – $60 |
Row House | $25 – $75 |
Bungalow | $35 – $80 |
Farmhouse | $20 – $100 |
Townhouse | $25 – $150 |
Victorian | $50 – $200 |
Historical | $100 – $400 |
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Cost To Remodel A House
The average home remodel costs $30,000 to $120,000 for an entire house, depending on the square footage, quality of materials, and what areas are renovated. Most remodeling projects add resale value and provide a 50% to 85% return on investment.
Plus, about 75 percent of the people who underwent a home renovation had a greater desire to be home and an increased sense of enjoyment.
Home Remodeling Costs Calculator By Room
Room | Average Cost |
---|---|
Exterior | $6,000 – $20,000 |
Living Room | $2,500 – $10,000 |
Bedroom | $1,500 – $5,000 |
Kitchen | $10,000 – $50,000 |
Bathroom | $5,000 – $25,000 |
Roof | $4,700 – $10,500 |
Basement | $20,000 – $50,000 |
Attic | $25,000 – $75,000 |
Whole House* | $30,000 – $120,000 |
*Whole house prices excluding optional attic and basement renovations.
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Exterior Home Remodel Cost
The average exterior home remodel costs $6,000 to $20,000, which includes redoing the exterior painting, landscaping, siding, and fencing. Giving the house exterior a facelift has a return on investment of 80% and improves the curb appeal for home buyers.
Cost To Redo Exterior of House
Area | Average Cost |
---|---|
Landscaping Costs | $500 – $4,000 |
Exterior Painting Costs | $1,800 – $3,200 |
Siding Costs | $2,800 – $15,800 |
Screened In Porch Costs | $600 – $3,500 |
Paver Patio Costs | $1,900 – $6,800 |
New Deck Costs | $2,500 – $10,000 |
Fence Installation Costs | $1,500 – $3,400 |
Concrete Slab Costs | $700 – $3,500 |
Sprinkler System Costs | $1,900 – $3,800 |
Retaining Wall Costs | $2,500 – $6,700 |
New Garage Door Costs | $800 – $1,400 |
Exterior Door Installation Costs | $500 – $1,900 |
Cost To Remodel Interior Living Room
The average cost to remodel a living room is $4,000 to $10,000, which includes new flooring, painting, crown molding, plantation shutters, and installing a fireplace. A basic living room renovation costs $2,500 to $5,000 for design work, painting, and flooring.
Bedroom Remodel Cost
A basic bedroom remodel costs $1,500 to $5,000 and includes new flooring, trim and moldings, ceiling fan, and painting. A complete bedroom renovation costs $4,000 to $12,000 which includes new furnishings, fixtures, windows, drywall, painting, flooring, lighting, and finishing.
Bedroom Remodel Cost Calculator
Renovation | Average Cost |
---|---|
Paint A Room | $350 – $1,400 |
Flooring / Carpet | $300 – $2,000 |
Trim & Moldings | $500 – $1,500 |
Ceiling Fan | $150 – $350 |
Install Drywall | $600 – $1,200 |
Custom Closet | $2,000 – $6,000 |
Interior Design / Furnishings | $2,000 – $6,000 |
Prices range from $15 to $40 per square foot on average, depending on the size of the room, extent of the remodel, and the quality of materials. Renovating a bedroom provides a 40 to 80 percent return on investment.
Kitchen Renovation Cost
The average kitchen remodel costs $100 to $250 per square foot, depending on the size and quality of materials. A small kitchen renovation costs $5,000 to $20,000 while mid to high-end remodels range from $30,000 to $80,000 and up.
Kitchen Remodeling Costs
Type | Average Cost | Renovations |
---|---|---|
Minor | $5,000 – $20,000 | Mainly cosmetic; updating countertops, light fixtures, flooring, backsplash, refacing cabinets, and painting. |
Mid-Range | $29,000 – $64,000 | Upgrading appliances, cabinets, kitchen island, countertops, flooring, light fixtures, tile backsplash, and painting. |
High-End | $60,000 – $125,000 | Redesigned floor plan, custom cabinetry and tilework, new appliances and fixtures, upgraded plumbing and electrical work, granite countertops, hardwood flooring. |
The kitchen is the most-used room in a house and most sought after from home buyers. Redoing a kitchen raises the property’s value and provides a return on investment of 54 to 80 percent.
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The National Kitchen & Bath Association recommends spending 10 to 25 percent of your home’s value on remodeling a kitchen. Here’s their estimated kitchen renovation budget.
Kitchen Remodel Budget Breakdown
Item | Budget | Average Cost |
---|---|---|
Cabinetry | 35% | $5,250 – $17,500 |
Design & Labor | 20% | $3,000 – $10,000 |
Appliances | 12% | $1,800 – $6,000 |
Countertops | 11% | $1,650 – $5,500 |
Lighting & Electrical | 9% | $1,350 – $4,500 |
Flooring | 7% | $1,050 – $3,500 |
Walls & Ceilings | 3% | $450 – $1,500 |
Plumbing | 3% | $450 – $1,500 |
Total | 100% | $15,000 – $50,000 |
- New kitchen cabinets cost $160 to $380 per linear foot on average or up to $1,000 per linear foot for custom cabintry.
- New kitchen countertops cost $1,500 to $5,500 on average, depending on the material. Granite countertops cost $50 to $200 per square foot and are the most popular.
- The cost to paint kitchen cabinets is $30 to $60 per linear foot or between $900 to $3,800 on average.
Cost To Update a Bathroom
A standard bathroom remodel costs $2,500 to $15,000 and renovating a master bath runs $10,000 to $30,000. Bathroom renovation costs $120 to $275 per square foot, depending on the quality of materials. Updating a bathroom typically includes new flooring, lighting, fixtures, wall tiling, cabinetry, and painting.
Bathroom Renovation Costs
Item | Average Cost |
---|---|
Bathtub | $800 – $6,000 |
Cabinets | $600 – $3,900 |
Countertops | $450 – $1,500 |
Flooring | $800 – $3,500 |
Hardware, Mirrors, Fan, etc. | $300 – $2,500 |
Lighting Fixtures | $150 – $1,500 |
Painting | $150 – $500 |
Shower | $800 – $8,000 |
Sink | $200 – $1,500 |
Toilet | $120 – $800 |
Total | $4,370 – $29,700 |
The National Kitchen & Bath Association recommends spending 5 to 10 percent of your home’s value on remodeling a bathroom.
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Basement Remodel
The average cost to finish a basement is $20,000 to $50,000 or between $25 and $50 per square foot. Basement remodel costs depend on if it’s an open floor plan or a layout with rooms, and if a kitchen or bathroom is installed. The average return on investment is 70 percent.
Basement Remodel Costs
Square Feet | Average Cost |
---|---|
500 | $18,000 – $23,500 |
1,000 | $32,000 – $38,000 |
1,500 | $48,000 – $57,000 |
Attic Renovation Cost
The average cost to finish an attic is $25,000 to $75,000 to convert it into living space. Renovating an already-finished attic costs $10,000 to $30,000. Converting an attic into a bedroom or office raises the home’s value, is often cheaper than building an addition, and has an ROI of 70%+.
Attic Renovation Cost
Material | Average Cost |
---|---|
Cost To Finish An Attic | $25,000 – $75,000 |
Renovate Finished Attic | $10,000 – $30,000 |
Attic Insulation Costs | $800 – $2,800 |
An attic conversion includes structural work to reinforce the attic floor’s beams, plus refinishing the walls, floors, and ceiling. Adding plumbing, electrical, and stairs increase the overall costs.
Updating attic insulation costs $800 to $2,800 and helps reduce your energy bills by up to 11 percent, while increasing your home’s value.
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Roof Remodeling Cost
Roof replacement costs $4,700 to $10,500 on average, depending on the roof size, pitch, and type of material. Removing the old roof alone costs $1,500 to $3,000. An asphalt shingle roof should be replaced every 20 years. Consider upgrading to a metal roof that lasts 40 to 70 years.
Roof Remodeling Cost
Material | Average Cost |
---|---|
Asphalt Shingles | $3,600 – $10,800 |
Wood Shake | $8,000 – $24,000 |
Metal | $8,000 – $24,000 |
Copper | $22,000 – $50,000 |
Clay Tile | $15,000 – $45,000 |
Slate | $15,000 – $45,000 |
Solar | $22,000 – $65,000 |
Adding solar energy to your new roof saves $600 to $2,000 per year on electricity. Solar panel installation costs $11,000 to $30,000 after tax credits, and typically has a return on investment in 7 to 12 years.
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Average Cost To Gut & Remodel A House
The average cost to gut and remodel a house is $100,000 to $200,000, depending on the square footage and age. Gut renovation costs $60 to $150 per square foot and includes demolition, structural improvements, new electrical and plumbing, new roof and HVAC, appliances, and finishings.
Cost of Gutting A House and Remodeling
Renovation | Average Cost |
---|---|
Gut a House to the Studs | $2,500 – $7,000 |
Complete Gut and Remodel | $100,000 – $200,000 |
Cost To Gut A House
The average cost to gut a house to the studs is $2,500 to $7,000 or more, which includes permits, labor, and material disposal. If the home has asbestos inside, it costs $1,200 to $2,800 extra for safe gutting and removal.
Cost To Rehab A House
The average cost to rehab a house is $20,000 to $75,000 or $20 to $50 per square foot. A full gut rehab costs $100,000 to $200,000 to remodel a house completely. Generally, the cost per square feet gets cheaper as the house size increases.
Rehabbing is a term used interchangeably with remodeling and renovating. The extent of the remodel, location, and choice of materials affect the total cost.
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Cost Factors To Completely Renovate A House
When completely renovating a house, other cost factors such as updating electrical and plumbing lines, designing a new floor plan, building an addition, updating the HVAC system, and removing a wall need to be accounted for.
Entire House Renovation Cost Breakdown
Renovation | Average Cost |
---|---|
Home Addition | $22,500 – $74,000 |
Change Floor Plan | $750 – $3,000 |
Electrical Work | $2,000 – $9,000 |
Replumb or Repipe House | $2,500 – $6,000 |
HVAC Replacement | $4,800 – $12,400 |
Interior Painting | $1,200 – $4,000 |
Exterior Painting | $1,800 – $3,200 |
Wall Removal | $500 – $10,000 |
Update Appliances | $2,500 $10,000 |
Permits | $200 – $3,000 |
Architect, Designer, Contractor Labor | 10% – 30% |
How To Estimate Remodeling Construction Costs
Cosmetic changes and minor repairs are generally low-cost projects. Knocking down walls, building new home additions, making foundation repairs, and replacing the roof are the most expensive projects.
Calculate each project or room one at a time using the data above to estimate remodeling costs accurately. Keep in mind:
- Dry rooms such as bedrooms and living rooms typically cost $10 to $25 per square foot to remodel.
- Wet rooms like kitchens and bathrooms cost $100 to $250 per square foot to renovate.
- Add 10% to 15% more to the total cost for the contractor labor rates.
Other factors that influence the cost of remodeling are:
- The location and square footage of the property
- The property’s age, current condition, and its accessibility
- The quality of materials and fixtures used
- The total changes made, and hidden costs for unknown damages
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Is It Cheaper to Remodel or Build A New House?
Remodeling a whole-house is 20 to 50 percent cheaper than tearing down and building a new home. However, if the house has foundation damage, or old HVAC, plumbing, and electrical systems, new construction can be cheaper. Building a new house costs $155,000 to $400,000, and remodeling a home is $100,000 to $200,000.
Remodel vs. Rebuild Costs
Renovation | Cost Per Square Foot | Average Cost |
---|---|---|
Cost To Tear Down A House | $5 – $20 | $8,000 – $25,000 |
Cost To Build A New House | $100 – $300 | $155,000 – $400,000 |
Cost To Gut and Remodel | $60 – $200 | $100,000 – $200,000 |
Home Additions & Adding a Room
Adding a room or building a home addition costs $85 to $200 per square foot on average. Most homeowners spend between $20,000 and $75,000 adding square footage, depending on the room size, materials, location, and if you’re building up or out.
- Removing a wall costs $500 to $2,000 for non-load-bearing and between $4,000 to $10,000 for a load-bearing wall. Removing a load-bearing wall requires a structural engineer, and a steel beam needs to be installed in its place to support the home.
- The average cost to add a bathroom is $18,000 to $47,000 depending on the size and quality of fixtures. Converting an existing space into a bathroom costs $2,500 to $12,500.
Contractor Remodeling Labor Rates
Remodeling labor rates range from $20 to $200+ per hour, depending on the service and their expertise. A general contractor will hire and manage subcontractors and coordinate the project for 10% to 15% of the total cost.
Contractor Pricing Guide
Contractor | Average Labor Rates |
---|---|
General Contractor Costs | 10% – 15% |
Residential Laborer Fees | $30 – $50 per hour |
Architect Fees | 5% – 20% $50 – $200 per hour |
Interior Designer Cost | $50 – $200 per hour |
Kitchen Designer Fees | $100 – $200 per hour |
Painters Charge | $20 – $50 per hour |
Plumbers Hourly Rates | $45 – $150 per hour |
Electrician Hourly Rates | $40 – $100 per hour |
HVAC Labor Rates | $100 – $150 per hour |
Landscaper Costs | $50 – $100 per hour |
Carpenter Costs | $35 – $100 per hour |
Cost To Change Floor Plan of House
The cost to change the floor plan of a house is $750 to $3,000 and up. Architects charge $0.50 to $2.00 per square foot to draft design plans and provide blueprints. Structural engineers cost $500 to $1,000 and are required when knocking down load-bearing walls or planning an addition.
Plumbing Renovation Cost
The average cost to replumb a house is $2,500 to $6,000, depending on the size of the home. Replacing a bathtub, sink, or toilet costs $450 and $1,800 per fixture. For smaller projects, plumbers hourly rates are $45 to $150 per hour, with most repairs between $250 to $800.
Electrical Work
Electrician hourly rates are $40 to $100 per hour on average, plus a $75 call-out charge. The cost to rewire a house completely is $3,500 to $8,000, depending on the home’s size and accessibility. Installing a new electrical panel runs $1,200 to $2,500.
Upgrading HVAC
HVAC replacement costs $4,800 to $9,400 on average, which includes installing a new AC unit and gas furnace. Installing new ductwork adds $2,000 to $3,000 to the total cost and should always be replaced at the same time as a new HVAC system.
HVAC Remodel Costs
Item | Average Cost |
---|---|
New Furnace Installation Costs | $2,100 – $5,900 |
New AC Unit Costs | $3,300 – $5,900 |
Heat Pump Installation Costs | $5,000 – $8,000 |
Ductwork Replacement Costs | $2,000 – $3,000 |
Boiler / Radiator Installation Costs | $1,500 – $3,500 |
Solar Panel Installation Costs | $11,000 – $35,000 |
Attic Insulation Costs | $800 – $2,800 |
HVAC specialists recommend upgrading heating and central air conditioning units every 10 years to save money on utility bills.
Updating Appliances
Updating appliances cost $2,500 to $10,000 for a whole house or between $200 to $2,000 each on average. The kitchen and it’s appliances can make or break the sale of a house. Installing new and modern appliances improves your home’s value.
Cost To Update Appliances
Type | Price Range | Includes |
---|---|---|
Basic / Standard | $200 – $1,000 | Appliance such as a microwave, garbage disposal, or stove. |
Energy Star Rated | $300 – $3,000 | like a dishwasher, freezer, fridge, and even lights. Some states offer tax rebates and incentives. |
High-end / Custom | $1,000 – $5,000+ | High-quality appliances with features like Bluetooth connectivity and special sensors. |
Complete Home Remodeling Costs By Location
Actual remodeling costs vary by up to 40 percent more than the national average prices depending on the construction market in your city.
Complete Home Renovation Costs By Location
City, State | Average Cost Per Square Foot |
---|---|
Seattle, WA | $20 – $95 |
Boston, MA | $25 – $115 |
Bay Area, CA | $25 – $115 |
Long Island, NY | $25 – $150 |
New York, NY | $25 – $150 |
Chicago, IL | $20 – $100 |
Los Angeles, CA | $20 – $95 |
Denver, CO | $20 – $80 |
Houston, TX | $25 – $115 |
Atlanta, GA | $20 – $100 |
Phoenix, AZ | $18 – $90 |
Philadelphia, PA | $18 – $85 |
Jacksonville, FL | $15 – $60 |
Nashville, TN | $18 – $70 |
*Prices vary drastically depending on the scope of the project.
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Permits
Building permits cost $500 to $2,000 on average for major remodeling projects, while some local authorities charge 1 percent of the total cost of the construction. Permits and inspections are required by most states to ensure the work is done according to building codes. Licensed contractors typically handle the permit-application process for you.
Permits are typically required for:
- Additions
- Renovations & Remodeling
- Structural Changes & Demolition
- Mechanical, Plumbing, & Electrical Work
- New Construction
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Cost To Remodel Other Buildings
Building refurbishment costs $25 per square foot to remodel multiple rooms in a house or apartment, and between $100 and $250 per square foot for completely gutting a building and making structural changes.
Apartment Renovation Cost
Apartment renovation costs $25 to $60 per square foot on average. The average cost to completely renovate a 1-bedroom apartment is $18,000 to $45,000, depending on the location and whether it’s major structural changes or minor alterations.
Apartment Renovation Cost
Size | Average Cost |
---|---|
Studio Apartment | $10,000 – $30,000 |
1 Bedroom Apartment | $18,000 – $45,000 |
2 Bedroom Apartment | $25,000 – $60,000 |
Apartment remodel costs in large cities like New York are $200+ per square foot for total gut-renovations. Renovating an apartment requires approval your local housing division.
Mobile Home Remodel Cost
The average cost to completely remodel a mobile home is $10,000 to $30,000. Manufactured home remodeling costs depend on if it’s a single wide or double wide and the depth of the project. Most individual projects cost $2,000 to $5,000 each, such as kitchen remodeling or roof replacement.
Mobile Home Remodel Cost
Project | Average Cost |
---|---|
Replacing Windows | $2,500 – $5,000 |
Roof Replacement | $2,100 – $4,700 |
Kitchen Remodel | $3,000 – $5,000 |
Bathroom Remodel | $2,000 – $8,000 |
Replacing HVAC | $1,800 – $2,500 |
Painting | $1,200 – $2,400 |
Rewiring Electrical | $1,600 – $3,800 |
Plumbing | $2,000 – $4,000 |
Cost of Renovating a 100-Year-Old House
The average cost of renovating a 100-year-old home is $100,000 to $250,000 or between $100 and $200 per square foot. Prices depend on it’s historical value and the electrical, plumbing and HVAC updates needed to meet code requirements. Heritage landmark buildings cost up to $400 per square foot to remodel.
Old House Renovation Price List
Renovation | Average Cost |
---|---|
Replace Windows | $4,500 – $20,000 |
Electrical Work | $3,500 – $8,000 |
Electrical Panel Replacement | $800 – $2,000 |
Replace Plumbing | $2,000 – $15,000 |
New Foundation Costs | $20,000 – $40,000 |
Install Central Air Conditioning | $660 – $4,600 |
Foundation Repair Costs | $2,318 – $6,750 |
Insulate Walls | $874 – $2,926 |
Install Furnace | $2,150 – $5,900 |
Install HVAC (includes AC, Furnace) | $4,820 – $9,350 |
Old homes often have hidden problems, such as lead paint, asbestos, rotting wood, or outdated plaster, which are more labor-intensive than a general remodel. Contractors often end up gutting all the walls, repairing the foundation and structural damages, and replacing the subflooring.
Always preserve the original hardwood flooring and other antique woodwork that’s in good condition. Most of the time, the city council insists that you only perform renovations that maintain the original structure and style of the building. Always contact your local historic preservation office for permission and specific remodeling requirements.
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Home Renovation Budget
When calculating your home renovation budget, organize individual projects by room, and build a specific budget around each. Most homeowners focus on remodeling big-ticket items such as the kitchen and bathrooms, plus other less-expensive cosmetic work.
How Much Should I Spend On House Renovations?
Expect to spend $100 to $250 per square foot on house renovations depending on the project. Experts advise setting a budget of 5 to 15 percent of your home’s total value for remodeling a kitchen or basement and 1 to 7 percent when remodeling bathrooms, bedrooms, or living rooms.
To maximize resale value, avoid spending more than 20 percent of your home’s worth on the total renovation costs.
Home Renovation Budget
Area | % of Overall House Value |
---|---|
Kitchen | 5% – 10% |
Master Bathroom | 5% – 7% |
Guest Bathroom / Powder Room | 1% – 4% |
Master Bedroom | 1% – 3% |
Guest Bedroom | 1% – 2% |
Attic Renovation Repairs and Insulation Only | 0.5% – 1% |
Attic Conversion Into Finished Room | 10% – 15% |
Basement Conversion Into Finished Room | 10% – 15% |
Living Room | 1% – 3% |
Dining Room | 1% – 3% |
Patio / Deck | 1% – 5% |
For example, if your home is worth $300,000, you should spend between $15,000 and $30,000 remodeling the kitchen.
How Much Remodeling Can Be Done With $100,000?
Investing $100,000 gets a high-end remodel that includes a full kitchen and bathroom remodel, new roofing and new windows, new countertops and cabinets, HVAC replacement, whole-house painting, and more. In smaller homes, a complete gut down to the studs with full renovation is possible.
30K vs. 50K vs. 100k Renovation Budget
30K | 50K | 100K |
---|---|---|
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Cosmetic Renovation Costs
Cosmetic renovations are the cheapest way to remodel a house on a budget. Refinishing surfaces and reusing appliances helps keep costs down. Here are cheap remodeling tips to give you that feeling of a newly remodeled home.
Cosmetic Renovation Costs
Remodel | Average Cost |
---|---|
Painting Kitchen Cabinets Costs | $900 – $3,800 |
Hardwood Floor Refinishing Costs | $1,000 – $2,100 |
Cabinet Refinishing Costs | $800 – $2,900 |
Cabinet Refacing Costs | $4,200 – $8,100 |
Laminate Flooring Costs | $1,400 – $3,400 |
Granite Countertops Costs | $2,200 – $4,300 |
Cheap Remodeling Tips
- Repaint walls or install wallpaper
- Install new electrical fixtures and switch plate covers
- Install new doorknobs, handles, blinds, showerheads, and faucets
- Install new blinds or curtains
- Refinish old wooden doors
- Upgrade the lighting system
- Install crown molding
- Paint the kitchen cabinets
Remodeling An Old House On A Budget
When remodeling an old home on a budget, plan with these tips:
- Remodel each room or project one at a time
- Purchase the building materials and haul it to the job site yourself
- Put in some DIY work such as replacing the doors, painting the wall and cabinets, resurfacing the old flooring, or demolition work.
- Schedule your renovation when contractors are looking for more business, such as the middle of winter.
Remodeling Return on Investment
Most remodeling projects have a 50% to 85% return on investment. The top remodeling projects that return more than 85% of your investment are siding replacement, garage door replacement, a new bathroom addition, and replacing windows and roofing.
Remodeling Return on Investment
Remodel | Return on Investment |
---|---|
Garage Door Replacement | 98% – 99% |
Siding Replacement | 77% – 97% |
Roof Replacement | 70% – 90% |
Window Replacement | 70% – 90% |
New Bathroom Addition | 55% – 87% |
New Deck Addition | 75% – 83% |
Finished Attic Bedroom | 70% – 80% |
Kitchen Remodel | 54% – 80% |
Living Room or Bedroom | 40% – 80% |
Basement Finishing | 54% – 70% |
Whole House Remodel | 56% – 67% |
Bathroom Remodel | 57% – 64% |
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Frequently Asked Questions
What’s The Difference Between A House Renovation and Remodel?
Renovations are less-expensive repairs, restorations, and cosmetic finishes like painting that typically don’t require permits. Remodeling changes the structure or volume of a space with gutting, installing new elements, new additions, or removing walls to make an entirely new area.
How Long Does It Take To Renovate A House?
Completely renovating a 3-bedroom house takes 2 to 8 months on average, depending on the size and amount of structural changes. Allow 1-month extra for planning, unexpected issues, permits, and custom orders. Minor remodels and cosmetic upgrades take 1 week to 2 months.
Time It Take To Renovate A House
Remodel | Time To Complete |
---|---|
Full Home Renovation | 2 – 8 months |
Minor Bathroom Remodel | 1 – 3 weeks |
Full Bathroom Remodel | 2 – 12 weeks |
Minor Kitchen Renovation | 1 – 2 weeks |
Full Kitchen Remodel | 2 – 6 months |
Roof Remodeling | 2 – 7 days |
Exterior Home Remodel | 1 – 2 weeks |
Basement Remodel | 2 – 8 weeks |
Room Addition | 4 – 8 weeks |
Attic Renovation | 8 – 10 weeks |
Can You Get A Home Loan That Includes Renovation Costs?
Home loans such as the FHA 203(k), 203(b), and Fannie Mae HomeStyle loans let you borrow money to purchase a home and fix it up. Renovation loans combine the cost of home improvements to the purchase price under one mortgage. Repairs can begin immediately after closing.
In addition to those combined mortgage-payment plans, other options for funding your home renovation include home equity loans, cash-out refinancing, and personal loans.
How Much Does A Home Remodel Designer or Architect Cost?
A home remodel designer costs $450 to $1,500 per room, 10% of the total budget, or up to 25% in management fees to supervise contractors during remodeling. Licensed architects charge 10% to 20% of the remodeling budget or $80 to $200 per hour to plan and create professional blueprints.
Are Home Remodeling Costs Tax Deductible?
Home remodeling costs for homes that are used as personal residences are not tax-deductible. However, home improvement expenses help reduce the amount of taxes you owe when you sell the house for a profit. Remodeling costs are tax-deductible for a home office or if modified for disabilities.
Some states offer tax rebates by making your home more energy-efficient or by installing solar panels.
How Much Do Home Improvements or Repairs Cost?
National average home improvement costs are $100 to $250 per square foot, depending on the project. Minor house repairs cost $150 to $600 for electrical or plumbing work, while major improvements run between $25,000 and $75,000, such as a home addition.
Still have questions? Ask a remodeling pro. View Pros
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DIY Costs To Remodel A House Yourself
The average DIY costs to remodel a house yourself is $2,500 to $12,000 for a kitchen or bathroom. However, most states require you to work with a licensed contractor for home renovations. Contractors pull the proper permits and follow building-code standards.
Here are some DIY home renovation projects that you can do yourself:
- Painting or applying wallpaper
- Hanging a medicine cabinet
- Changing electrical fixtures (make sure the power is off)
- Installing a kitchen backsplash
- Replacing a showerhead or faucet
- Replacing an appliance
Remodeling a home yourself takes expertise, and the result may not improve your home’s value. While you can do small renovation projects yourself, hiring a professional is the easiest and safest choice for large projects, HVAC, and electrical work.
When hiring a contractor, you can lower their labor costs by helping out with demolition and finishing work. Also, it’s more affordable to plan and budget each project one at a time.
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Hiring a Home Remodeling Contractor
Before hiring a contractor, plan accordingly, ask questions, get multiple renovation quotes, and learn the process of working with designers and remodelers.
Who Remodels Homes?
Hire general contractors over unlicensed handymen for large home remodeling projects. After creating design plans with an architect or interior designer, a general contractor gets the permits, arranges subcontractors, buys the building materials, and handle inspections.
Hiring a specialized contractor is recommended for specific projects like installing fixtures, roofing, or kitchen cabinets. Minor updates may require an interior designer to plan, while large projects likely require an architect or a structural engineer to plan and create architectural drawings.
Getting House Renovation Quotes
Before hiring a contractor and signing a contract, be sure to:
- Get at least three in-person estimates to compare.
- Ask for recommendations from family, friends, and neighbors.
- Read reviews and check out their previous work on HomeGuide, Google, and the Better Business Bureau (BBB).
- Pick specialized contractors over general ones if it’s a specific project.
- Ask for a full itemized contract in writing in case of a dispute.
- Avoid making large payments upfront. Never pay in full or in cash, and come up with a payment schedule for work completed.
Questions To Ask A Remodeling Contractor
- Can I see a portfolio of your past remodeling jobs?
- Are you licensed, insured, and bonded?
- How do you handle damages that happen on the job?
- Who’s the project manager, and will you use subcontractors?
- What hours do you and your crew work?
- What permits do I need, and will you obtain them?
- What does your warranty policy include?
- What’s your payment schedule like?
Home Remodeling Process
- Make a list of all the updates desired.
- Plan the layout with an interior designer or architect.
- Research all the materials and fixtures you want and have a good idea of any custom elements.
- Research contractors and get at least three in-person estimates.
- Agree on budget and timeframe, and sign the contract.
- Plan the design, get permits, and order the materials.
- Contractors start the tear out by gutting everything and fixing any unexpected problems such as leaks or mold.
- Rerouting plumbing or electrical updates if fixtures are changing locations.
- Installing windows, cabinets, flooring, tiling, fixtures, lighting, and painting.
- A final walkthrough to ensure everything has been completed to your satisfaction.