Millions of homeowners across the country undertake home improvement projects. Whether it’s to boost your property value, enhance aesthetic appeal, or create more space for you and your loved ones, there are numerous factors to consider before getting started.
Understandably, the costs involved will depend on the kind of home improvement, so getting a budget together is key for financing the project. Before work gets underway, here is a general guide on how much your home improvements will cost depending on the area of the home.
Story Stages
Living Room
Living rooms are one of the most budget-friendly home improvement projects. They typically range between $1,500 – $5,500, and usually only require a paint and flooring update. If you wish to install a fireplace in your living room, prepare to pay up to $3,600. The living room is one of the most used areas of the home, so you may wish to spend a little more to reap the benefits.
Bedroom
Your bedroom should be a place that promotes comfort and relaxation, so if you’re planning to remodel your bedroom, know that the cost can range between $1,500 and $3,500. The amount you pay will differ depending on the size of your bedroom and whether you have an en-suite attached.
Kitchen
The kitchen is often regarded as the heart of the home, and if it’s time for a kitchen remodel, you need to have your finances in order. In general, kitchen remodels cost roughly $150 per square foot, with the total cost reaching up to $25,000. Whether you want to install new cabinets, countertops, flooring, or appliances, there are numerous options for all kitchen remodel budgets. There are a range of tools you will need for your kitchen remodel if you’re going to tackle it all yourself. If you aren’t sure what counts as essential, Woodtech Tooling can help.
Bathroom
A bathroom home improvement project will typically cost you $125 per square foot, with the total bill ranging between $2,500 and $25,000. In fact, new cabinets on their own can account for 30% of the price. Depending on the kinds of counters, cabinets, and fixtures you choose, the price for your bathroom remodeling project can climb to five-figure sums.
Roof
If there is one area of the home that needs regular care and maintenance, it’s the roof. Your roof protects your property from severe weather conditions, saves energy, and prevents serious leaks. What’s more, your roof can boost your curb appeal and home value. If it’s time for a roof replacement, expect to pay between $5,500 and $10,500. However, the average price stands at $8,000. While your roof can last up to 30 years, you may decide to update it as you remodel your home. The end price will depend on a variety of factors, including roof pitch, materials, and roof size.
Basement
While basement remodels can range between $11,000 to $31,000, the average is $20,000. However, some projects can run well above $40,000. A basement remodel is a huge project that you need to account for. Whether you install floors, add plumbing or electrical lines, or build walls, they are all contributing factors to the overall price. Should you install a bathroom in your basement, this is an added expense you need to think about.
If you’re on a tight budget or have money to spare for your home improvement project, the guide above should give you an idea of how much money to put away to ensure you have every base covered. Remember, there are additional expenses that you may need to fork out for along the way so you must factor these in before work begins.
