Anticipating the Real Cost of a Home Renovation
If you ask a group of homeowners what could turn their house into the ideal home, most would likely find at least one or two items that they would change. And if you ask why they haven’t moved forward with a renovation yet, cost is typically the number one reason. But knowing what to anticipate with a particular type of home remodel project can make things run much more smoothly.
According to homeguide.com, the average cost to remodel a house in 2020 is between $19,800 to $73,200. That’s a pretty wide range! So, just like nailing down the “average” price of a car, there are a number of variables that can impact the bottom line cost on a home renovation, such as the:
- Extent of the overall project (i.e., a remodel of just one or two rooms versus an update of the entire home)
- Size of the home
- Quality of the materials
These factors can even be further narrowed down, based on the room(s) in question. For instance, getting an entire home remodeled can vary, on average, between $15 to $60 per square foot.
But when separating out just a kitchen and/or bathroom(s) remodel, the average price tag can increase to between $100 to $250 per square foot. This is due in large part to the need for plumbing and/or electrical work that needs to be done.
There are other key factors that can come into play, as well, such as whether you are doing a home remodel or a complete rebuild, as well as the labor rates in your home’s geographic location.
With that in mind, it is always best to consult with an experienced home renovation company that can help you to determine a more precise cost, based on what you’re hoping to accomplish.
If you’re planning a home remodel or renovation in the Orlando or surrounding Central Florida area, give our LP Design and Renovation team a call at (407) 901-6215 or send us an email through our secure online contact form at https://lpinspiredrenovations.com/contact/. We’ll help you to visualize the outcome and provide you with a plan that is based on your budget.