How Much Does It Cost to Remodel a House? 5 Variables That Drive Cost
Home remodeling is a great way to make your home more comfortable and enhance your quality of life. Whether you’re improving your kitchen’s functionality or overall aesthetic, a remodel can help you accomplish these goals. Today, US homeowners spend about $18,000 in remodeling their homes.
However, when remodeling a house, the cost can be daunting if you aren’t prepared. You can consider several variables to ensure that you stay within your budget and produce a home improvement that suits all your needs.
Read on to learn how much it costs to remodel a house and make the right spending strategy for your home!
1. Location of Your Property
Houses in more expensive areas will cost more to remodel than those in less expensive areas. More expensive areas tend to have higher costs for materials, labor, and permits. Also, houses in more expensive areas are often larger, so you will require more materials and labor to complete the project.
2. Choosing the Quality of Materials
High-quality materials such as marble or granite for countertops and floors can increase costs. High-quality appliances and fixtures will also add to the overall cost. However, using lower-quality materials and opting for less costly fixtures can help keep costs down.
3. Deciding to Hire Contractors
Many homeowners choose to hire a contractor for house remodels, as this can save time and money. They can also help with the design process. However, it is essential to know that contractors charge a fee for their services.
The average cost of a contractor is $1,500, but this can vary depending on the project’s size and the contractor’s experience. Therefore, getting quotes from a few contractors is vital before deciding who to hire.
It is best to consult a contractor specializing in home remodeling to get an accurate estimate of your house-to-remodel expenses. They will be able to assess the project and give you a more precise cost estimate.
4. Type and Age of The Home
Older homes may need more work to bring them up to date, while newer homes may only need minor updates. The size of the house will also affect the cost of the project. A small home may only need a few thousand dollars worth of work, while a large home could cost tens of thousands of dollars to remodel.
The type of home also plays a role in the cost of remodeling your house. For example, a detached house is usually more expensive to renovate than a condo or townhouse. It is because detached homes are larger and more complex than others.
5. Type of Remodeling
A full house will be more expensive than remodeling a kitchen or bathroom. A kitchen can cost anywhere from a few thousand dollars to tens of thousands.
At the same time, a bathroom remodel can reach a few thousand dollars, depending on the repairs and additional fixtures. The cost of a home addition will also vary depending on the size and scope of the project.
Learn How Much It Costs to Remodel a House to Maximize Renovations
One of the most important things to consider in home ownership is how much it costs to remodel a house. Many variables can drive up the cost of a remodel, such as the size of the house, the type of materials used, and the amount of labor required. It is important to get estimates from multiple contractors to get an accurate idea of how much the remodel will cost.
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