A home renovation is an exciting project; refreshing your outdated living space and turning it from ordinary into a functional work of art. But the cost of home renovation is something everyone wonders about. While the average cost of a home remodel in the country is in the neighborhood of $52000, this is just a careful estimate. The final price varies depending on things like the size of the property, the condition, debris removal, and countless other factors. So, whether you’re planning on minor makeovers or you want to do a complete overhaul, including bathroom and kitchen renovation, this blog explains how much you’ll have to spend on your renovation project.
Home Renovation: The Price You Pay For A Renewed Living Space
Over the years, De Novella Construction Inc. has helped countless homeowners renovate their spaces. Whether you’re looking for info for a friend or you’re planning on booking a home renovation for yourself, here is a look at how much you’ll have to drop on the renovation project and what impacts the final cost.
Keep on reading to find out!
Architects & Designers: The Price Of Code Compliance & Talent
Can’t renovate a home without the proper schematics! While you might be tempted to skip this step, let us tell you that only a professional architect will be able to create a large-scale design that meets all building codes. Not to mention the professional finish that comes with working with a certified designer. Most designers charge about 5-15% of the total project size when helping you create plans for your new home.
The Cost Of The Space: The Bigger It Is, The Higher The Price
One of the most obvious things that influences the asking price of any home renovation is the size of the home. If your home is around 1200 square feet and renovations are basic, expect to spend about $18000. If you’re looking for something more comprehensive that includes structural modifications, however, the price will jump to $1,80,000. Similarly, a home renovation project can average about $1,50,000 for a house that is around 25000, while a luxury transformation for a home of 4000sqft can easily touch $6,00,000.
A Pretty Penny For The Project Scope
But size isn’t all that matters. The condition of the house and how much you want done are the most important factors. Cosmetic makeovers, like painting the house or updating faucets and light switches, will cost significantly less than major home renovation projects that modify or upgrade the structure. For example, a kitchen renovation can cost anywhere from $14550 to $40400, and a bathroom remodel could cost you about $6,600 to $28000, depending on material and project complexity.
The Money Spent On Materials
Speaking of materials, your home renovation project budget will be heavily influenced by the type of material you use. For example, a vinyl floor is a lot more cost-effective than, say, hardwood floors. Similarly, if you go for quartz countertops instead of something like laminate, that will also push the price up. And that’s not even mentioning custom-designed products. The difference between ready-made and designer collection products can be thousands of dollars.
Local Labor Costs
Up next, depending on the area you live in, the cost of labor will play a huge role in your home makeover budget. On average, labor costs account for about 50-60% of the total project costs. Depending on the type of skill you need, these people can charge you anywhere from $20-$150 per hour for their expertise.
The Dollars For Debris Disposal
Remodeling work is naturally messy, with dust, debris, and disused items being thrown out. The cost of renting a dumpster and responsibly disposing of items will also add to the final price of your home renovation project.
Paperwork & Permits
Home renovations demand approval from local authorities. Depending on the type of project and the area you live in, acquiring the right paperwork can cost anywhere from a few hundred dollars to above $2000, tacked on to the renovation quote.
Cost Of Clean-Up
Finally, after everything is said and done, you might want to hire professionals to give your space a thorough clean. If that’s the case, don’t forget to add that into your renovation budget.
Conclusion
To conclude, a home renovation project in the USA can cost anywhere between $19500 and $88400, but the final price depends on where you live, the type of material you want used, and the paperwork. Additionally, the cost will also depend on whether you want something major like a roof replacement or a kitchen renovation done. We hope this blog helped. For further questions, feel free to drop us a line!
FAQs
- Is it more cost-effective to renovate the house all at once or in phases?
Renovating in one go can be more budget-friendly due to bulk pricing. - How long does a home renovation take?
Depending on the scope of your project, a typical home renovation can take about nine months to over a year. - What home renovation project has the highest ROI?
Typically, kitchen renovations and bathroom remodels have the highest ROI. - How can I save money on a home renovation?
Planning, using cost-effective materials, and hiring experienced contractors can help reduce overall expenses. - Do I need permits for a home renovation in the USA?
Yes, most major renovations require permits to ensure compliance with local building codes and safety standards.