BREAKING DOWN HOME REMODELING COSTS
A home remodeling project can be both exciting and at times overwhelming. It’s important to make sure the entire process is well-planned, and the remodeling costs estimated before any work is started. Following are the costs involved in a home remodel project.
DESIGN & CONSTRUCTION
According to Home Advisor, the range for home remodeling can cost anywhere from $3,700 to $150,000. The average is around $47,000. The cost per square foot will depend on the type of home. An apartment or townhouse will likely be the least costly, with large homes, especially Victorian, being the most expensive. Kitchens and bathrooms are usually more costly to remodel than bedrooms and living rooms. You’ll also want to consult with an interior designer. A design may cost $3,000 to $12,0000, or possibly more, depending on the size of the house, how many rooms, and the way the designer charges for services.
FURNISHINGS & FIXTURES
The cost for furnishings and fixtures would depend on several variables including the size of the room and the type and style of furniture you wanted. While kitchens are normally expensive to redecorate because of appliances and cabinets, there’s usually not as much furniture in kitchens. When looking at overall costs for an entire home, you’ll want to budget approximately $15,000 a room. Consult with an experienced interior designer to get the best home remodeling ideas for your particular project.
MATERIALS
Materials for a home renovation project would include everything from lumber, cabinets, and doors to plumbing and hardware supplies. You’ll want to sit down and make a detailed list of everything you anticipate needing for a project, so you’ll have time to shop around and compare costs. It’s important to distinguish between labor and materials when calculating costs.
HOW TO BUDGET
You’ll want to discuss several options with a home remodeling contractor or builder before deciding the best way to manage remodeling costs. Some contractors may calculate labor by the hour while others will add up all the materials and charge a percentage of that total cost for labor. On average, labor costs for remodeling a kitchen should be about 15 to 30 percent of the total cost.
WHAT TO ASK YOUR DESIGNER AND CONTRACTOR
There are a few things you’ll want to discuss with both a contractor and a designer before beginning a remodeling project. It’s important to find out how many projects similar to yours a contractor has completed. You’ll want a home remodel cost estimate and a time frame for when the work will likely be completed. Once you’ve reached the design stage, there are a few important questions to ask your interior designer. You’ll want to see samples of their previous work that is similar in style to the type of remodeling you want. You’ll also want to know how long from an initial consultation to the time when all furnishings, art, etc., is installed.