Do you wish to determine the Average Construction Cost to renovate your home? If you have the right information, calculating the renovation cost is not a difficult task but it is time-consuming and has room for errors. The best way to determine cost is to work with a professional especially if you are new to the construction industry.
The components involved in each project differ from one another. It depends on your requirements and expectations from the house. Therefore, when planning to renovate a house it is essential to consider all the cost aspects related to renovations. But how can you do that? Read the article to learn more!
Average Construction Cost
The average construction cost falls between $15,500 and $78,700. Most homeowners will pay an amount in between these numbers. It will cost $25 -$190 per square foot. The expenditure depends on a lot of factors such as
- Location
- Size of the house
- Type of materials
- Damage
- Upgrades
- Complexity level of the house
Breakdown of Home Renovation Cost
-
Bedroom
A standard bedroom will cost you around $1,500 to $6,500. This cost can go up if you are looking to use premium materials or add née structures. Larger than-average bedrooms are also going to cost you more.
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Bathroom
The average cost to remodel a bathroom falls between $70 to $250 per square foot. Bathrooms are pricier than bedrooms as the involved components of the plumbing system. You may require new fixtures, pipes etc. Plumbing Cost Estimates shouldn’t be neglected as they are an integral part of renovation and can have a drastic impact on cost.
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Living Room Area
The remodelling of a living room area will cost you around $2,500 to $18,000. The interior decor can greatly impact the cost of a living room. Moreover, the use of space and intricacy also influence expenditure. You need to expect extra expenses if you are looking for a new advanced lighting system.
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Kitchen
Believe it or not, a kitchen is the most expensive room in the house to renovate. Mainly because it contains complex structures of the MEP (Mechanical, Electrical, Plumbing Systems). The average construction cost to remodel a kitchen is $30,000. This can go as high as $70,500.
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Basement
If you have a basement in your home, you need to calculate the cost of it as well. Finishing a basement remodel will cost around $4,900 to $45,000. The range is quite big due to the versatility of the basement. You can make it into a living area, a storage space, a playroom etc. There are several possibilities. So the expense depends on what you want to do with it.
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Garage
The average cost to remodel a garage is around $4,000 to $33,000. It depends upon the complexity and intricacy of the job. The average cost includes new floor plans, paint, and updated furniture. If you want anything else done then it’s going to cost you extra.
Outsource Home Renovation Cost
You can also outsource Home Renovation Cost to a trusted cost-estimating service. SMA MEP Estimates have experts who make sure to thoroughly assess all the components involved in the renovation process and provide you with the most ideal estimates for your project. In this way, you won’t have to worry about calculating the cost. Many contractors and subcontractors rely on estimating services for an accurate budget.
Conclusion
In the end, it is paramount to check and do your research for the best option to calculate the Average Construction Cost for your renovation project. Before commencing the renovation process, it is important to know what is your Budget. Comprehensive planning can prevent any future cost overruns and delays in the project. You need to consider all the factors that can influence the cost of renovation. This article identifies some major cost aspects when it comes to home renovation. Cost tends to vary with the market conditions which is why it is up to you to choose what level of renovation you need. Thus, it is important to select premium quality materials at an affordable rate to make sure that the renovation process stays within the limits of the budget.