How Much For Home Renovation – The average cost to renovate a home is $20,000 to $100,000, depending on the room(s), size of the home, and quality. of materials, and structural changes. Whole house renovations cost $15 to $60 per square foot on average. Renovating a kitchen or bathroom costs $100 to $250 per square meter.
Whether you’re a real estate agent, investor or homeowner, this guide gives you the right starting point to create a realistic home renovation budget.
How Much For Home Renovation
When evaluating home improvement costs, the main factors are square footage, age, location, property condition, which rooms are being renovated, structural changes, and quality of materials and appliances.
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Lower options + common materials and appliances above, full bathroom and kitchen renovations, new light installation, exterior, hardwood floors.
Mid-range options + high-end materials and appliances, custom closets, custom closets, structural and foundation repairs, remodeling, HVAC and roof, basement or attic conversion to living space, professional interior design.
Whole house renovations average $15 to $60 per square foot, depending on which room needs renovation. Kitchen and bathroom renovations cost $100 to $250 per square foot based on size and quality of materials. A complete colon resurfacing costs $60 to $150 per square foot.
* Costs increase significantly for urban areas with a higher cost of living and housing. History more than 100 years.
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The average cost to renovate a 1,200 square meter home is $18,000 to $72,000, while renovating a 2,000 square meter home meters between $28,000 and $115,000.
If the home is beyond repair, the average cost to tear down and build a new home is $125,000 to $450,000 or $104 to $165 per square foot.
The average cost to renovate a 3 bedroom home is $20,000 to $100,000, and between $40,000 and $180,000 to renovate a 4 bedroom home. These renovation costs range from a standard upgrade to a complete gut and improvement.
Homeowners typically spend between $20 and $200 per square foot for a full home renovation, depending on the type of property. However, the biggest factors are the extent of improvement, the location, and the quality of the materials used.
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The cost of home improvement depends on the square footage, the quality of the materials, and what area is being improved. Most renovation projects increase resale value and provide a 50% to 85% return on investment.
In addition, about 75 percent of people who do home renovations have a greater desire to be at home and enjoy it more.
Exterior home renovations cost from $6,000 to $20,000, which includes exterior painting, landscaping Landscape, side, and fence. Exterior home improvements have an 80% return on investment and improve curb appeal.
The average cost to renovate a living room is $4,000 to $10,000, which includes new flooring, Painting, crown molding, garden shutters, and fireplace installation. A basic living room renovation costs $2,500 to $5,000 for decor, painting, and flooring.
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Bedroom renovations cost $15 to $40 per square foot. A basic bedroom design costs $1,500 to $5,000 for flooring, trim and fixtures, ceiling fans and paint. A complete bedroom renovation costs $4,000 to $12,000 for new furniture, fixtures, windows, drywall, painting, flooring, lighting and finishes.
The average kitchen renovation costs $100 to $250 per square foot, depending on the size and quality of materials. Small kitchen renovations cost $5,000 to $20,000 while medium to high-end renovations range from $30,000 to $80,000 and up.
Remodeled flooring, custom cabinetry and tile work, new appliances and fixtures, updated plumbing and electrical, granite counters, hardwood floors.
The National Kitchen and Bath Association recommends spending and budgeting 10% to 25% of your home’s value on kitchen renovations:
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A standard bathroom renovation costs $2,500 to $15,000. A master bathroom renovation costs $10,000 to $30,000. Bathroom renovations cost $120 to $275 per square foot, depending on the quality of the materials. Bathroom renovations typically include new flooring, lighting, fixtures, wall tiles, cabinets, and paint.
The average cost to finish a basement is $20,000 to $50,000 or between $25 and $50 per square foot. Basement renovation costs depend on whether it is an open floor plan or roomy layout, and if a kitchen or bathroom is installed. The average return on investment is 70 percent.
The average cost to renovate a basement is $25,000 to $75,000 to convert into living space. A completed attic repair costs $10,000 to $30,000. Converting a hallway to a bedroom or office increases home value, is often cheaper than building an addition, and has a 70%+ ROI.
Roof replacement costs $5,700 to $16,000 on average, depending on roof size, pitch and type of material. Tearing off the old roof alone costs $1 to $3 per square foot. Asphalt roofing should be replaced every 20 years. Consider upgrading to a metal roof that is 40 to 70 years old.
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The average cost to renovate a home is $100,000 to $200,000, depending on the square footage and age. A gut renovation costs $60 to $150 per square foot and includes demolition, structural improvements, new electrical and plumbing, new roofs and HVAC, appliances, and finishes.
The average cost of planting a houseplant is $2,500 to $7,000 or more, including the license. Handling, labor, and material disposal. If a home has asbestos inside, it costs an extra $1,200 to $2,800 to have it safely filled and removed.
The average cost to renovate a home is $20,000 to $75,000 or $20 to $50 per square foot. A full gut renovation costs $100,000 to $200,000 to completely renovate a home. Generally, the cost per square foot gets cheaper as the house size increases.
When the house is completely renovated, other cost factors such as: electrical and plumbing improvements, design New flooring, additions, HVAC upgrades, and walls need to be recalculated.
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Calculate each project or room at a time using the information above to accurately estimate renovation costs. Remember that:
Whole house renovations are 20% to 50% cheaper than demolishing a new house. However, if the home has foundation damage, or old HVAC, plumbing, and electrical systems, rebuilding can be more expensive.
Adding a room or building an addition costs between $20,000 and $75,000 on average. Square footage additions cost $85 to $200 per square foot, depending on room size, materials, location, and if you’re building up or out.
Renovation labor rates are $20 to $200+ per hour, depending on their services and expertise. The general contractor will hire and manage subcontractors and coordinate the project for 10% to 15% of the total cost.
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The cost of changing the floor plan of the house is $750 to $3,000 and higher. Architects charge $0.50 to $2.00 per square foot to draft design plans and provide floor plans.
The average cost to renovate a home is $2,300 to $5,000, depending on the size of the home. Replacing a bathtub, sink or toilet costs between $450 and $1,800 per set.
Average hourly electricity rates are $50 to $130 per hour, plus $75 toll charges. The cost of completely remodeling a home is $10,000 to $30,000, depending on the size and accessibility of the home. Installing a new electrical panel runs $1,400 to $2,800.
HVAC replacement costs $5,000 to $11,000 on average, which includes installing a new AC unit and gas furnace. A new duct installation costs $1,400 to $5,600 and should always be replaced at the same time as a new HVAC system.
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Building permits cost $500 to $2,000 for major renovation projects, while some cities charge 1% of the total construction cost. A licensed contractor will handle the permitting process.
Building improvements cost $25 per square foot to renovate several rooms in a house or apartment, and between $100 and $250 per square foot to renovate an entire building and make structural changes.
Apartment renovations cost $25 to $60 per square foot on average, or up to $200 in big cities like New York. Renovating a 1-bedroom apartment costs $18,000 to $45,000, depending on the location and whether it’s a major structural change or a minor change.
A complete mobile home renovation costs $10,000 to $30,000, depending on whether it is a single-wide or double-wide. Individual projects cost $2,000 to $5,000 each, such as a kitchen renovation or roof replacement.
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The average cost of renovating a 100-year-old house is $100,000 to $250,000 or between $100 and $200 per square foot. The price depends on its historical value and the electrical, plumbing and HVAC upgrades needed to meet code requirements. Heritage buildings cost up to $400 per square foot to renovate.
Older homes often have hidden problems, such as lead paint, mildew, rotting wood, or outdated plaster, which are labor-intensive. Contractors often end up filling all walls, repairing foundation and structural damage, and replacing subfloors.
Experts recommend budgeting 5% to 15% of your home’s total value for kitchen or basement renovations and 1% to 7% for bathroom, bedroom or living room renovations.
Invest $100,000 to get a high-end kitchen and bathroom remodel, new roof, windows, countertops, and cabinets, HVAC replacement, whole house painting, and more.
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Most renovation projects have a return on investment of 50% to 85%. Top renovation projects that yield more than 85% return on your investment are siding replacement, garage door replacement, new bathroom additions, and window and roof replacement.
Renovating a 3 bedroom home will take 2 to 8 months on average, depending on the size and amount of structural changes. Minor repairs and cosmetic improvements take 1 week to 2 months.
The national average home improvement cost is $100 to $250 per square foot. Minor home repairs cost $150 to $600
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