Remodeling your home is exciting, but it can also come with a hefty price tag.
No matter what type of upgrade you plan to do, you’re probably wondering what the average home remodel cost is.
Before you commit to hiring a contractor and drafting plans, read on to learn more about the costs associated with remodeling a home.
Where you Remodel Matters
The biggest factor in determining the average home remodel cost is the location and scope of the project. For example, an addition will cost significantly more than simply upgrading the fixtures in your bathroom.
Remodeling a bedroom or living room tends to cost less than renovating a kitchen or adding a new roof. It really comes down to the size and scale of your project above all else, but there are a few other factors, too.
The type of finishes you choose may also affect your home remodel cost. High-end tile or luxe appliances will be much more expensive than laminate floors or lower-end appliances. You can find out more about what to expect from your remodel before you begin so you’re fully prepared.
The Average Home Remodel Cost: A Breakdown
While it’s almost impossible to determine exactly how much your next remodeling project will cost, there are some averages to keep in mind. Of course, it’s recommended that you always get at least three estimates from different contractors so you have an accurate idea of your final price.
Remodeling the exterior of your home can vary widely, with costs ranging from $5,000 to $15,000 or even more. A new roof tends to cost between $5,500 and $10,000 for most homeowners.
When it comes to the kitchen, it really depends on the extent of your remodel. Lower-end updates may be approximately $4,000, while a complete remodel can run as high as $50,000 for expensive finishes and appliances.
The same principle applies to bathrooms in terms of the range in cost. For example, a simple remodel can be around $6,000, while a major change in the bathroom can run as much as $35,000.
The living room or bedroom tends to have the lowest cost. Expect to pay between $1,500 and $5,500 to remodel these rooms, on average.
Materials and Fixtures
Your specific remodel will vary depending on what you decide to change. In the kitchen, most of the cost is associated with the cabinets, while insulation and appliances are a close second.
For bathrooms, the tub or shower and vanity tend to cost the most. Flooring and light fixtures are the next most costly upgrade in this room. Explore the various types of fixtures and materials available to help you find the best deal.
Update your Home in Style
Remember, the average home remodel cost depends on the room, the finishes, and who you hire. Consider all of your options carefully to ensure you’re getting the best price.
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