How Much Does It Cost to Renovate Your House?
Whether you want to breathe new life into an older property or turn your brand-new home into a space of your own design, renovations are an exciting way to increase property value and turn a house into a home.
Drake’s Construction & Restoration can handle all kinds of renovations, from upgrading your kitchen to roof repairs and installations. As expert contractors, we know the ins and outs of residential projects. We’ll help you understand the typical costs of home renovations and how to make the most of your budget.
What Impacts Renovation Costs?
Every renovation project is unique, and costs will vary according to your vision and budget. Adding a new bedroom to your home won’t take the same amount of time, materials or labor as redoing your bathroom cabinets.
Common factors that impact the overall cost of your project:
- Scope of renovations: The number of projects you want to complete will define the final costs. For example, the cost of redoing your kitchen will differ from the cost of a full home renovation.
- Square footage: The size of your home and the spaces you’re renovating will determine the amount of time and materials you’ll need to finish a project, impacting global costs.
- Materials and supplies: The quality of the materials and supplies you use for your projects will affect renovation costs.
- The space’s conditions: The current state of your home will determine the extent of your renovations. An older home may require more updates, while newer properties mostly need cosmetic changes and minor repairs.
Cost Estimates by Project
You might be familiar with the budget for repainting a room but not how much it costs to gut and renovate an entire house. While the average cost of renovating a home ranges from $20,000 to $100,000, each type of renovation project presents its own requirements and challenges.
Here are the average costs of common renovations in the United States:
- Roof replacement: $5,855 to $13,116
- Bathroom remodeling: $6,634 to $17,579
- Kitchen renovations: $14,600 to $41,485
- Room additions: $135,000 to $282,000
- Gut renovations: $100,000 to $200,000
How to Make the Most of Your Budget
Renovating can be cheaper than building a new home when we maximize our budget’s potential. Here are some tips for extending your budget’s capabilities:
- Develop a renovation plan to prioritize your most urgent needs.
- Make choices that will deliver a higher return on investment.
- Choose durable materials that will require less maintenance.
- Work with professionals to save time and supply costs.
Partner with Drake’s Construction & Restoration for Your Home Renovations
Drake’s Construction & Restoration is a team of contractors providing top-to-bottom solutions in the Mid-Ohio Valley area. We have decades of experience transforming our customers’ homes, from roofing and kitchen renovations to room additions. Contact our online team for a free estimate and start your project today!
