On average, the cost of home renovation is $47,912. Many projects fall between $17,917 and $78,073. Various factors influence the project cost, as this article will reveal. Estimating the cost of renovating a home can be overwhelming because there are numerous details to evaluate. So, how much does a full renovation cost? The most significant variable in the renovation cost is the size of your house. The price can range between $10 and $60 per square foot. However, this estimate can rise to approximately $150 for each square foot if you use premium materials and high-quality appliances.
You can divide the rooms of your house into two groups: dry and wet rooms. Wet rooms are areas with water running to them, like utility rooms, bathrooms, and kitchens. Renovating wet rooms is costlier than dry rooms. Dry rooms include living areas and bedrooms. Often, these rooms only need flooring and repainting. If you have a fireplace, replacing it can cost from $900 to $3,700. Read on to understand some of the most common house renovations and answer the question: how much does a full renovation cost?
What Factors Affect the Cost of House Renovation?
Various factors affect the cost of renovating a house. For example, permits can cost anything from $400 to $1,800. The amount you pay for permits depends on the magnitude of your renovation project. You can expect to pay more if the project involves structural additions or changes. Minor updates such as repainting rooms, siding replacements, or replacing floors don’t require a permit. Consult your municipality on the permit requirements for your remodeling project. Modern homes are likely to be better looking. What’s more, they are constructed with strict adherence to the current building codes. For instance, a house constructed in the 1930s may feature old electrical wiring that requires replacing, doubling the renovation costs.
A house built in the 2000s is highly likely to have modern wiring. The property’s condition plays a critical role in determining how much does a full renovation cost for the house. Houses in good shape that require modern finishes like trim, paint, and floors may cost up to $20,000 for a total renovation. A dilapidated home will need a complete renovation, costing $100,000 or even more. Hiring a roofing contractor or architect can help you actualize your renovation visions.
You may not require the services of a designer or architect for more minor renovations. However, working with a professional is highly recommended, especially for structural additions and changes. The average architect may charge you between $125 and $250. Worth mentioning is that the cost of renovating the exterior and interior parts of a home are different. The average cost of exterior renovations ranges from $5,000 to $15,000, while interior refurbishments may cost approximately $5,000. Renovating bedrooms, installing new flooring and cabinet maker, and remodeling the kitchen may cost between $30,000 and $60,000.
Type of Building
Living areas are built differently. If you are wondering how much does a full renovation cost? It’s worth mentioning that there is no universal cost of remodeling all houses. For example, the average cost of remodeling a condo ranges between $40 to $125 per square foot, while the average renovation cost for an apartment is between $25 and $60. Renovating old homes costs more because preserving their original materials requires extra care. Recreating the original shape using modern materials can be costlier too. The cost of remodeling a historical home ranges from $100 to $400 per square foot. Based on the scope of your project, preparing the construction it may be necessary.
You may need to clear the area or remove landscaping to get better access to the house. Suppose considerable work is needed for the site preparation; the cost can range between $1,200 and $4,000. How much does a full renovation cost regarding the materials required? Materials consume a big part of your renovation budget. The quality of materials and finishes can impact the cost of renovating your space. A house renovation project can be straightforward or complex. Sometimes it may become a fully-fledged house refurbishing adventure. Usually, unanticipated costs will come up during the renovation planning phase. You may need to hire an expert to help with structural adjustment and planning. Sometimes you may notice a foundation problem that you need to address. Here are home renovation cost considerations to help you through the planning process.
Structural Changes
If your home renovation involves structural changes, you must collaborate with an engineer to guarantee the proper handling of load-bearing walls. The consultation and plan review cost ranges from $300 to $700. On average, a demolition contractor will charge you between $300 to $10,000 to remove unwanted walls. Removing non-load-bearing walls is cheaper. Some renovation projects are meant to improve mechanical systems for enhanced reliability and efficiency. Updating HVAC systems, wiring, and plumbing make your home more valuable.
An ordinary plumbing project costs $300, while installing new heating, ventilation, and air conditioning system can range from $500 to $7,200. Electrical projects cost $350. Many homeowners dread foundation problems during the renovation process. Problems with the foundation will often surpass your estimated renovation budget. If significant mechanical, roofing, or foundation issues exist, demolishing and rebuilding the house would be ideal. Collaborate with reliable roofing companies to determine the ideal solution for your needs.
Changing the Home’s Floor Plan and Upgrading Appliances
Upgrading the floor plan can range from $750 to $3,000 or even higher. Floor plans affect the structural and foundation components. As a result, you should work with a structural engineer to ensure the project’s success. As we’ve seen above, you will need a building permit for any additions you make to your house. You may also need an architect, depending on where you live. Floor plan changes call for updates on nearly all systems, from HVAC to wiring and finishing. These changes are ideal for guaranteeing sustainability. The cost of upgrading appliances is between $200 to $10,000. Numerous modern appliances are available, and you may be spoilt for choice. Always choose the best appliances that meet your expectations and needs without surpassing your budget.
Renovating Your House Room by Room: Bathroom
Now, how much does a full renovation cost for the bathroom cost? Bathroom renovation projects come at different prices. Suppose the renovations include a change in footprint. The cost will be higher. Remember, you will need to pay an architect, cater to the cost of permits, and hire a local plumber to supervise the relocation of drain and supply lines. You can save money by maintaining your bathroom footprint and the fixtures. According to experts, retaining the drain or supply lines can cut your budget by up to 50%.
The Cost of Renovating the Kitchen
Kitchen renovation costs range from $5,000 to $65,000 and sometimes more. Common kitchen remodeling project types are minor projects which range between $5,000 and $30,000. These projects include upgrading faucets, lighting, trim, and paint. They may also include adding cost-friendly counter extensions and backsplashes; flattening non-load-bearing walls. Mid-range kitchen renovations cost between $30,000 and $65,000 and involve upgrading floors and appliances, adding cabinets, a tile backsplash, and cost-friendly counters.
High-end kitchen renovations can cost more than $65,000. They include adding granite or stone counters and custom cabinetry. The installation of excellent quality energy star appliances, hardwood flooring, a new sink and a faucet, and overhead lighting falls under high-end kitchen renovations. How much does a full renovation cost in terms of the kitchen? Three core components influence the cost of your kitchen renovation. They are flooring, countertops, and cabinets. The cost of these components depends on the material used on each.
Bedroom and Living Room Renovation Costs
The average cost of renovating a bedroom ranges between $1,500 to $5,500. These rooms only require flooring and repainting. However, if you are doing structural modifications, you may need permits and an architect, raising the costs. These projects can become complex and costly if they involve other tasks like AC repair or basement and attic conversion. Larger bedroom renovation projects can cost up to $40,000. Renovating the living room ranges between $10 and $60 per square foot. While a DIY task will be cheaper, working with a professional is always recommended if you want to execute a long-term project.
High-end custom living room renovations may cost more than $60 per square foot. Worth noting is that renovating a living room involves numerous variables. For instance, some people may prefer adding different practical yet stylish storage units, new window treatments, and a fresh layer of paint. Other homeowners opt for more extensive projects, pushing their renovation budgets higher. For example, installing new asphalt shingles, windows, light fixtures or outlets, and new flooring can result in an expensive project.
Basement and Attic Renovation
If you plan to renovate your basement, then you may spend between $12,300 and $33,300. Some mega renovation projects surpass the 40,000 mark. Some homeowners wonder how much does a full renovation cost per square foot. This project will cost between $100 and $300 per square foot. Depending on the house plan and the condition of the area, a basement renovation can be a complex job involving building walls, installing flooring, adding plumbing or electrical systems, and furnishing the room. All these modifications will result in a high bill.
One of the costliest basement renovation options is adding a bathroom. This requires adding plumbing lines, and you will need to hire a professional plumber for the job. Further, you will also need to purchase the necessary fixtures. Renovating an attic bedroom costs between $12,000 and $70,000. Renovating an attic allows homeowners to convert unused space, making it functional. Instead of constructing new additions horizontally, which can take up valuable garden areas and lawns, renovating vertically is an ideal method of making already existing square footage livable. Cost differences depend on the size of the area, whether you are renovating an interior attic or your deck contractor is finishing an open attic space.
Garage, Exterior Renovations, and House Entryway
Garage renovation prices depend on the project’s complexity and often range between $3,000 to over $30,000. Many homeowners invest approximately $11,000 to renovate an entire two-car garage with flooring coating and cabinet storage. The average cost of exterior upgrades ranges from $5,000 to $15,000. Some popular exterior renovations include landscape installation, which costs between $1,400 and $5,700; deck railing, which ranges from $450 to $8,800; and window installation, which costs $6,250. Home exterior painting costs between $1,800 and $4,400 while exterior door installation costs $1,150.
You may also need gutter installation on your roof. The average cost of constructing home additions ranges between $22,500 and $80,100. Some home additions cost between $5,000 and $150,000, while the average homeowner will spend $49,600 on average for the same project. The renovation cost depends on the magnitude of the project and the finishing materials a homeowner chooses. Different rooms may need different fixtures and materials. Rooms requiring plumbing are costlier to renovate, as we have learnt above.
Besides the front door, your front porch, lighting, landscaping, and walkways are part of your guests’ first impression when visiting your home. You can make them aesthetically pleasing while sticking to your budget. The estimated cost of renovating a small entryway is between $1,030 to $1,250, while a middle one will cost around $2,570 and $3,120. A large foyer renovation will cost anything between $8,880 and $10,780. Labor costs for renovating a house range between $20 to $150 hourly. Remember, every service provider’s labor charges depend on the complexity of the task and the duration it takes to complete.
If you are considering renovating your home, then this article should help you determine how much does a full renovation cost per square foot. Renovation projects can be complex, and you should hire a general contractor to guide you accordingly while avoiding costly mistakes. Hiring a professional for HVAC, electrical, plumbing, structural modifications, and roofing projects is critical.
