The Cost of Remodeling a House
What is the cost of remodeling a house? Giving your property curb appeal can take a lot of time, effort, and money, but how much of each should you plan for?
While we don’t know exact numbers, we’ve been in the real estate business long enough to give you an idea of what’s involved with the major types of home remodeling projects. Just note that the following information is based on hiring sub-contractors and experts to manage your renovation.
If you’re DIY-ing the project, you’ll want to double the amount of time listed below and possibly decrease the costs. That said, while DIY projects can be cost-effective, if they’re not done properly, then you’ll need to have a professional come and fix them – which could cost you more than originally planned. Article By Jody Lockshin – Originally published on CRS.
Re-Doing the Kitchen
Time: A kitchen remodel typically takes 6-8 weeks to complete.
Money: The average cost of a kitchen remodel is around $20,000. If you’re planning on a major overhaul, then it could cost between $20,000 and $55,000.
Effort: There will be a span of several days and possibly even weeks, where you won’t be able to use your fridge, stove or oven. Plan for a few take-out meals or take this time to schedule some dinners with friends, family, and/or neighbors.
Revamping the Living Space
Time: Any living space renovation den, living room, office, bedroom, spare room is about a month’s worth of work per room.
Money: The average room remodel can cost anywhere between $15,000 and $30,000.
Effort: These types of remodels usually require a lot of input from the homeowner. You’ll need to take the time to select paint colors, lighting and flooring options, furniture, and more.
Overhauling the Bathroom
Time: When compared to the other types of renovations, a bathroom remodel is usually pretty quick. Plan for the project to take between two weeks and a month.
Money: The average bathroom overhaul costs about $15,000, not including any major plumbing or structural changes.
Effort: If this is the only bathroom in your home, then you may have to make other arrangements while the workers complete the project.
Finishing the Basement Or Garage
Time: Finishing any area of your home whether it’s a basement, attic, garage or spare room will take a lot more time than the previous mentioned projects. Overall, this project can take 1.5-2 months.
Money: You’ll want to budget anywhere from $30,000 to $50,000.
Effort: The effort involved in finishing a spare room of the house is minimal. Typically, these are rooms that are not accessed every day (which is why they were unfinished) so you can carry on life as normal until the project is completed.
If you’re looking for costs on specific renovation projects, regardless of the room, then Living With My Home’s post on Repair & Remodel Estimates offers a fantastic set of breakdowns. Remodeling your home is great for curb appeal if/when you choose to sell.
Done remodeling and ready to sell? Give me a shout! I can help.