Do you want to remodel your home? Have you ever wondered what the cost breakdown is for common home renovations? Below is a breakdown of the costs involved in some of the most common home remodeling projects.
HVAC
Average Cost:
$3,882 to $7,898
Installing central air in your home can be expensive. The installation cost ranges from $3,882 to $7,898 with material and work. However, this price tag is well worth it when you consider that the average lifespan of a central air unit is 20 years and that it will save you money on your monthly utility bills by providing a consistent temperature throughout the house.
To help with costs related to upkeep on your new HVAC system, consider having an annual maintenance visit for cleaning all ducts and vents as well as checking for leaks or poor efficiency within 24 months after installation. This service can cost anywhere between $268 and $491 depending on the size of your home.
Painting
Average Cost (Interior):
$949 to $2,939
Average Cost (Exterior): $1,811 to $4,419
Painting is one of the most common home renovation. The cost of hiring someone to paint your home varies greatly depending on the size of the project, whether it be interior or exterior, and how much prep work is required. The average range for painting the interior of a home by a professional ranges anywhere from $949 to $2,939. For exterior projects such as fences or siding, this cost can range from $1,811 to $4,419.
Some companies will require you to purchase the paint yourself and pay them by the hour while others will provide all materials at no additional cost to you.
Flooring
Flooring is an important part of any renovation. Whether you’re looking to add more style or functionality, flooring can be a great way to make your home look new again.
Hardwood, laminate and vinyl are the most popular choices for flooring. Each one has its pros and cons:
Hardwood floors
Average Cost: $2,483 – $6,822
Hardwood floors are typically made from real wood, but they’re also very expensive, it can cost anywhere between $6 and $18 per square foot. They’re generally durable and easy to maintain as well; however, even though there’s no need for chemicals like paint or varnish when refinishing hardwood floors with polyurethane sealant (the cost of which ranges from $1,081-$2,554), it’s still possible that they could get damaged over time depending on how often they’re used in high traffic areas like hallways or bedrooms where dirt may accumulate quickly if not cleaned properly after wear has occurred.
Most properly maintained hardwood floors can last anywhere from 20 to 30 years without needing any significant work done. Their longevity makes it a great investment for any house.
Laminate flooring
Average Costs: $1,474 – $4,618
Laminate flooring is a great option for many homeowners. It’s durable, affordable and it can give your home a beautiful new look.
Unlike natural flooring options, laminate flooring is a synthetic material. It’s made up of four different layers—wear, décor, core and backer—that are sealed together in the lamination process. The décor layer (a printed image) can recreate the look of more expensive flooring types like wood, tile or stone.
Laminate flooring is water resistant not waterproof, meaning it is only able to resist the absorption of water to a certain degree, but not entirely. Waterproof means that it absorbs no water, no matter how much exposure it has.
Laminate flooring can last between 15 and 25 years, though poorly maintained laminate may last only five to 10 years.
Laminate flooring ranges in price from $0.50 to $3.00 per square foot at discount flooring stores. Name brand laminate flooring begins at around $3.00 per square foot and ranges up to about $5.00 to $8.00 per square foot for textured 12-mm-thick planks.
For name brand laminate flooring installed by professionals, expect to pay about $6 and up per square foot, on average.
Vinyl flooring
Average Cost: $960 – $3,806
If you’re new to the idea of installing a vinyl floor, it can be helpful to know what you’re getting yourself into before you start.
Standard vinyl flooring usually consists of four layers of materials. The first, or bottom, layer of these is the backing layer, generally made of cork or foam. It is designed to serve as the underlayment for the vinyl flooring so that you do not have to install another material prior to laying down the vinyl flooring. Additionally, it functions as a cushion to make walking on the floor more comfortable and a sound barrier to keep noise at a minimum.
Vinyl is entirely waterproof and is the best option for those with pets because it will withstand scratches and any in home accidents. Thick, quality vinyl flooring can last up to 25 years, while thinner vinyl flooring lasting less than 10 years.
Vinyl ranges from about $0.60 to $4.00 per square foot at discount stores.
Kitchen
Average Cost: $14,549 and $40,425
The most expensive and most common home renovation is the kitchen. It is the heart of your home, and it’s likely to be one of the rooms that gets the most wear and tear over time. An average kitchen lasts anywhere from 10-15 years, so if you’re renovating your kitchen entirely (if you’re building a new home or if you want to replace all of your appliances), expect to spend between $14,549 and $40,425 on the entire project, not including appliances.
Depending on how much money you want to invest in your project, installing new cabinets will cost anywhere from $421 for basic white laminate cabinets to $1,356 for high-end custom cabinetry—and that doesn’t take into account any appliances, backsplash, potential plumbing or countertops. Appliance packages can also run into serious money: A typical range hood might run about $1,950; a dishwasher will set you back about $750-$1,500; and an oven ranges from around $450-$2,250 depending on the features and brand. You can also purchase an entire appliance package that’ll cost you anywhere from $1,750 to $33,600 depending on the brand and quality.
Better Homes and Gardens says homeowners can expect a return of about 52% on their investment in a new kitchen when they sell their home. That means if you spend $20,000 to upgrade your kitchen you’ll profit $10,400 more with a renovated kitchen vs an outdated one.
Bathroom
Average Costs: $6,620 to $16,677
In addition to your bathroom fixtures, you’ll need to plan for any unexpected repair and replacement. This is a good time to be sure you have an extra $1,000-$2,000 on hand in case of upgrades that are not included in the renovation budget. For example: if your toilet or sink has been leaking for a while and needs replacement, that could be an added cost that wasn’t planned for when thinking about how much it will cost to renovate a bathroom.
Also remember as you are planning ahead that a contractor can charge anywhere from $6,620 to $16,677 with material costs (which includes all fixtures). A renovated up-to-date bathroom increases the market value of your home by approximately 10% over five years!
Roofing
Average Cost: $5,703 – $12,313
As with any home improvement project, the size and extent of your roofing project will determine the costs. The average cost to install a new roof is between $5,703 – $12,313 for a standard 1/4-inch plywood underlayment over asphalt shingles.
However, if you want more durable materials like gravel tiles or metal panels for your roofing system, expect to pay a lot more.
The longevity of your new roof depends on several factors: weather conditions (including wind), soil type and drainage around your home. Most roofs last 25-50 years depending on these variables; however it’s important that you get an experienced contractor so they can properly select the right material for long-term durability without breaking the bank
The best way to plan ahead for a renovation is by doing everything you can to prepare yourself, maybe with a
home inspection. It’s important to remember that your renovation may not be completed in one day, and it could take several days or even weeks depending on how big the job is. You should also know what type of materials are used in your home so that you can budget accordingly when purchasing them from stores like Lowe’s or Home Depot. If this sounds overwhelming then don’t worry because we’ve got plenty more tips for planning out a project!
