What will the Renovation cost?
A quality remodel builds value into your home. Not only does it make your
home more appealing to live in, also a good portion of your remodeling cost will
be recouped if you decide to sell your home. Remodeling magazine publishes a
study every year showing the average return on your investment for remodeling
projects. The 2014 report shows that you can build your homes value up to 75%
of the cost of the remodel. Take a look for yourself.
If you considering a renovation project, the first question most people ask us is,
“What will it cost?” We’ve put together a list of average costs for a variety of
remodeling / renovation projects. As with every rule of thumb, there are always exceptions. But
if you are considering a new living space, we hope these estimates will help you
develop a realistic budget.
Note that kitchens and bathroom additions tend to entail substantial modifications of existing
spaces. This usually skews the square foot costs.
|Addition (family room type)
||$175 to $300 per square foot
|Kitchen Minor Remodel||$18,000 to $40,000
|Kitchen Major Remodel||$53,000 to $107,000|
|Bathroom (upgrade to moderate)
||$15,000 to $35,000
|Bathroom (high-end remodel)
||$49,000 to $55,000
|Finished Basement / Attic
||$75 to $150 per square foot
|Average Design Fees:
7 – 10% of Construction Costs
|$70 per hour|
||$500 to $1,500|