Realistic Cost of Remodeling a Home Posted on November 3, 2020November 2, 2020 by Jessica Love Realistic Cost of Remodeling a Home Remodeling your home offers lots of benefits. A new home remodeling job is a great opportunity to take advantage of state-of-the-art smart home technology and make your home more energy- efficient. Also, home remodeling increases your home’s overall livability, comfort, and boosts resale value. An important question that is often asked by many homeowners when considering a home renovation project is – How much does it cost to renovate a house? Knowing the cost of remodeling or renovating a home is crucial to enable you to plan and budget appropriately. Moreover, this will ensure that you opt for a home remodeling solution that isn’t bigger than your budget. If you are considering remodeling your home, this post is for you. Read on to discover more about the cost of remodeling a home on a national level in the United States. Interior Design by Urbane Design How Much Does It Cost To Remodel A House? When it comes to determining home renovation costs, no one-size-fits exists. Some factors to consider include: ● The extent of the home remodeling required. ● The quality of materials used for the home remodeling job. ● The quality and experience of the contractor executing the project. ● The amount of labor required for the job ● The level of finish or face-lift desired. ● How long the home remodeling job will take ● Required permits by local municipalities Furthermore, home remodeling costs may even vary by region. Labor costs may be double in regions or states with high-demand, low-supply markets. Interior Design by Urbane Design Average Cost of Home Remodeling Below is an estimate of the average cost of home remodeling depending on different remodeling solutions: Low Remodeling Solution: A small remodeling job would likely include minor repairs such as refinishing cabinets, interior and exterior painting, and a new landscape. This may cost between $25,000 and $45,000. Medium Remodeling Solution: A medium home remodeling job may consist of low-cost upgrades and a complete kitchen and bathroom remodel. This may cost between $46,000 and $75,000. High Remodeling Solution: This includes low- and medium-cost upgrades, as well as fixing any foundation issues, sewer line problems, roofing repairs, and other extensive home renovation tasks. It can cost anywhere from $76,000 to several hundreds of thousands of dollars. Interior Design by Urbane Design What Are The Largest Renovation Expenses? Appliances and cabinets in kitchens, bathrooms, and bedrooms take up a large portion of the overall renovation cost. Below is what you can expect to pay when renovating an average-sized home, approximately 2,500 square feet. Kitchen: For an entire kitchen remodeling job, the average cost on a national level is $54,250. For homeowners in Austin, Texas you can expect to pay about 10-15% more than the national average. Guest Bathroom: In Austin, $15,000 is the average cost for a bathroom remodel. Homeowners across other areas of the United States, on average, will pay slightly higher for this renovation project. $12,900 is the national average for a full bathroom remodel. New Asphalt Roofing and Replacement Windows: As long as you can find a reliable roofing contractor, it’s almost hard to go wrong with any roofing project. Along with replacement windows, no area of your home will have a more immediate impact on your utility bills and energy consumption. Energy efficiency is often talked about in reducing heating costs, but smart home improvement projects can work just as well in hot climates. Roof coating will create a reflective surface that greatly reduces the amount of heat that enters your home. Replacement windows, too, are rated for heat gain as well as heat loss. If you’re looking for a useful, measurably-valuable project these are both great ideas. The national average of asphalt roofing is $5,900, whereas in Austin you can expect to pay 10-15% more than the national average. Replacement windows follow the same trend, with Austin averages running lower than national averages. On average, new windows cost $8,000 in Austin, and are estimated around $6,600 nationally. New Vinyl Siding and Exterior House Painting: If you’re generally happy with your home’s interior, you can always work on your home’s curb appeal. It’s not on everyone’s wish list, but new siding or exterior paint is crucial to keep your home looking and performing at its best. Particularly, if your vinyl siding has faded or started to crack from the fierce Texas sun, it may be time to replace it. Otherwise, a fresh paint job can increase your home’s curb appeal exponentially, and increase the lifetime of your vinyl siding. Vinyl siding costs more than double the average cost of exterior house paint, averaging $7,600 national and 10-15% more here in Austin. For a more inexpensive exterior makeover, painting your house in Austin will run you around $5,000. The national average is $100 less. Install a New Deck: As an Austinite, you probably don’t need to be sold on the value of a deck. Between the hot climate, Longhorn game day, summer evenings, and simply the extra living space, installing a new deck is almost like building a home addition at a fraction of the cost. If you don’t already have a deck and have no immediate home improvement needs, this is probably the project for you. If you already have a deck, it may be time to think about upgrading, either with a larger deck or decking accessories such as outdoor misting systems or patio heaters. You save when building a deck in Austin, and can expect to pay around $15,000. Outside of Austin, deck buildings pay $13,700 on average. New Roof: The national average cost of a new roof is $6,800. Most homeowners spend between $5,000 and $9,000 for a roof remodeling job. New Floors: The national average cost of new flooring installation is $6 to $10 per square foot. Electrical Updates: most homeowners spend between $3,000 and $5,000 for various electrical updates House Painting: The national average cost of a new house painting project is about $2,900. Most homeowners spend between $1,800 and $4,500 to apply a new coat of paint to their living space. There you have it! Above is a realistic cost of remodeling a home. Remodeling a home offers a high return on investment (ROI). After a successful remodeling job, you can expect your home to command more money on the real estate market. The above estimates and national average costs will give you an idea of how much it will cost to remodel your old or newly-purchased home. Please note that national statistics change frequently and our market depends on supply and demand. Are you planning to remodel your home? Contact Urbane Design today to know more about our services. Our experts will be available to speak with you and discuss your options. We guarantee you quality and excellent services that will surpass your expectations. Alex Capozzolo is the owner of the Brotherly Love Real Estate blog and a content writer for the real estate industry. He is focused on helping people through one of the most important investment decisions of their lifetime by seamlessly providing fast, honest and professional real estate services.