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Remodeling Companies » Costs

Remodeling Costs

Before embarking on any home improvement project, you should receive several remodeling estimates to compare between. Remodeling and construction costs are calculated in estimates bids to help you better approximate your overall renovation budget. Always add a 12% overrun to the construction and renovation rates received as part of the estimate. Prior preparation of added costs will enable you to form a realistic home improvements budget, and further spare you the stress once the final remodeling bill arrives.

Old homes, scarce materials and plumbing rearrangements may amplify remodeling costs significantly. Usually homes of more than 20 years old endure problematic structuring and shabby plumbing that may require repair before work can begin. Renovation costs may also increase if you require materials that are scarce in your area. Lastly, changing the position of the sink, shower or bathtub will also bump up construction rates extensively.

The following table includes data from the Cost vs Value 2009 report that comprised national averages of most common home improvements done across America:

Midrange Projects Job Cost ($) Resale Value ($) Cost Recouped (%)
Basement Remodel 61,011 44,467 72.9
Bathroom Remodel 15,899 11,857 74.6
Deck Addition 10,000-15,000 8,000-12,000 73-82
Family Room Addition 81,315 53,608 65.9
Major Kitchen Remodel 56,611 43,030 76
Minor Kitchen Remodel 21,246 16,881 79.5
Roofing Replacement 18,825 12,336 65.5
Sunroom Addition 71,745 40,715 56.7
Window Replacement 10,000-12,000 8,000-9,000 77-78
Upscale Projects Job Cost ($) Resale Value ($) Cost Recouped (%)
Bathroom Remodel 51,455 36,400 70.7
Major Kitchen Remodel 110,964 78,398 70.7
Roofing Replacement 36,296 22,861 63
Window Replacement 13,000-18,000 10,000-13,000 76-79
Deck Addition 37,498 23,706 63.2

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