Budgeting for a Home Remodeling Project? Here's How Much It Might Cost!

Home remodeling projects can be exciting and rewarding, but they can also be expensive if you don't plan out your project budget beforehand. It's important to consider the costs of various home remodeling projects before you commit to undertaking them because having the wrong expectations of how much a project will cost can leave you in debt or unable to complete the renovation once you get started.

Whether you're planning on just painting, expanding your kitchen or adding an entire new bedroom, here's what you need to know about budgeting for a home remodeling project to make your home improvement dream a reality.

The Average Price of a Kitchen Renovation

Most homeowners spend between $20,000 to $58,000 on a kitchen renovation, with the average cost around $35,000. These figures include architectural drawings for permits, the cost of the permits, and all labor, material and supervision costs.

If you're planning a complete kitchen overhaul with new windows, countertops, cabinets, backsplash and flooring you can expect to pay closer to the high end of that range.

If you're only looking to update your cabinets and countertops, a backsplash, and a fresh coat of paint, you can get away with spending much less.

The Average Price of Bathroom Renovations

A typical bathroom renovation costs about $18,000 and, $36,000.

This number can go up or down depending on the size and scope of your project.

For example, half-baths are less expensive, while full bathroom and en-suite renovations will have more plumbing and electrical expenses and cost a bit more. The good news is that there are ways to save money on your bathroom renovation.

One way is to do some or all of the work yourself. Another way is to shop for the best materials ahead of time. Gather all your features, fixtures and finishes when you find them on sale. That way, once you have everything you need, all you have to do is pay for permits, labor and roiugh materials.

And finally, be sure to get multiple quotes from different contractors before making a final decision. Many constrctors price their services based on how busy thier schedule is.

We never do that.

Set up an appointment for a free bathroom renovation budget assessment or give us a call!

The Average Price of A House Renovation

The average price of a full home renovation can cost anywhere from several thousand to several hundred thousand.

A full-scale house renovation costs average homeowners in Washtenaw County around $67,822. However, most people spend between $19,800 to $73,200 on their renovations.

The most significant factor in determining the cost of your renovation is the size and scope of the project, of course.

If you're only doing cosmetic changes, like painting or installing new flooring, your costs will be lower than if you're doing structural changes, like adding an addition to your home.

You'll also need to decide how much DIY work you want to do. The more work you do yourself, the less expensive it will be.

The Average Price of An Addition

A home addition is one of the most common home remodeling projects. The average addition price is $68,000, with most homeowners spending between $42,500 and $134,000.

The cost of addition depends on the size and scope of the project.

For example, a small bathroom addition may cost as little as $35,000, while a large master suite can cost upwards of $100,000.

If you're planning a home remodel, it's essential to factor in the cost of an addition to your budget.

The Average Price of Flooring Installation

Depending on the size of your home and the type of flooring you choose, the cost of a flooring installation can range from $1,000 to $4,000 or more.

The average price per square foot for hardwood floors is around $6 to $10, while the average price for laminate floors is about $5.

For a typical home with 1,000 square feet of living space, you can expect to pay between $10,000 and $12,000 for a complete flooring installation.

If you need to install new baseboards or trim, that will add to the cost.

Conclusion

Overall, the cost of your home remodeling project will depend on various factors.

By planning and budgeting carefully, you can ensure that your project stays on track—and budget.

With some planning, you can create the home of your dreams without breaking the bank.

Give us a call or Get an appointment for a free home renovation budget assessment.