AP Photo/Tony Dejak
- Renovating your home can improve its safety, beauty, and value.
- Depending on the room, renovations can cost a few thousand dollars or more than $100,000.
- Here’s how much it costs to renovate each room of your house.
- Visit BusinessInsider.com for more stories.
There are a lot of benefits to renovating your home, from improving the safety and beauty of your home to raising its value if you eventually want to sell it.
But anyone who’s attempted a home renovation project can tell you that not every room in the house is created equally, and the costs or renovating can fluctuate wildly from room to room.
Renovating a kitchen, for example, which could require replacing appliances, countertops, cabinets, and damaged pipes, will often cost more than renovating a living room.
We consulted several home renovation resources to calculate how much it will set you back to renovate each room of your house from the basement to the attic.
Here’s how much it costs to renovate every room of your house.
Kitchen: $23,556
AP Photo/Tony Dejak
No one can quite agree on the average cost to renovate your kitchen.
HomeAdvisor found that the average cost to remodel a kitchen is $23,556, or $150 per square foot. The most common price range, the site says, is $12,557 to $34,789.
Home Depot broke down the likely costs of three different kitchen renovation scenarios. You could pay $20,800 for a minor remodel, about $62,200 for a major remodel, and $123,000 for an upscale renovation with custom cabinets and high-end appliances.
You can save on your kitchen renovation costs by doing some or all of the labor yourself, if you have the skills. Labor is the second biggest cost, after cabinetry, according to a Nerdwallet analysis.
You can also save big by buying cabinets, appliances, and countertops from Ikea and doing the assembly yourself. The discount furniture chain offers kitchen remodeling planning tools to help you design your kitchen renovation. Blogger Tess Wilson did a complete kitchen remodel using Ikea components for $7,000.
Bathroom: $10,349
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HomeAdvisor estimates the average cost to renovate a bathroom at $10,349, with a common range of $5,957 to $14,833. Your costs can vary widely depending on the fixtures and finishes you choose.
Thumbtack reported that contractors on the site gave a range from $3,000 to $25,000 for remodeling a bathroom. The Balance noted an average cost for a midrange bathroom remodel of just over $19,000.
To save money on a bathroom renovation, The Spruce has tips, including finding recycled fixtures and substituting a coat of fresh paint for pricey tiling.
Bedroom: $7,880
Annethelibrarian/Flickr
Fixr estimates the cost to remodel a bedroom at $7,880. This renovation includes new windows, carpet, moldings, heaters, and door. In addition, that price includes adding insulation and redoing old wiring and lighting. Doityourself.com estimates a cost of $100 per square foot for a bedroom renovation.
If you include things that aren’t nailed down, such as a new bed or dresser, your renovation costs will be higher. As with all renovation projects, careful planning is the key to understanding and controlling your costs.
See the rest of the story at Business Insider
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Source: Business Insider – feedback@businessinsider.com (Laura McCamy)