Home Renovation Budget Tips
On one hand, the idea of a home renovation can be extremely exciting – the thought of brand-new granite countertops in your kitchen, or building the en suite bathroom of your dreams, is absolutely thrilling. On the other hand, however, deciding to renovate your home can be very stressful when you have to think about all the costs involved. Knowing how much different home renovation costs can add up to, and being able to prepare a budget, is something that can really help you plan for, and lessen, the inevitable anxiety that comes along with having to spend lots of money. So, whether you’re deciding to add on an extra bathroom, or simply wanting to refresh a few kitchen details, it’s always a good idea to find out how much you can expect to pay for some of the most common home renovations.
Kitchen Countertops
If you’ve been finding your home kitchen finishing’s a little bit worn and outdated, then there really isn’t a better choice than deciding to upgrade your kitchen countertops to something more stylish and modern. Replacing your kitchen countertops can vary in price depending on the material you choose. If you’re looking for a more affordable but still very clean-looking upgrade, then you might want to consider looking at tile countertops, which can be as low as $10 per square foot. If you are looking for an ultra-modern kitchen countertop upgrade then you would probably want to decide between granite, quartz, marble or stainless steel. Granite countertops can range from anywhere between $50 to $250 per square foot, whereas stainless steel can be up to $80 per square foot.
Flooring
The type of flooring in your home can be a game changer for the amount of value that it adds. New floors can be one of the best home renovations choices to get a higher return on your investment. Changing the floors in your home, however, can be a daunting task as well as being quite costly. The cost for new flooring installation can vary depending on which material you choose, and how many rooms you want renovated. If you’re wanting to put in new carpets, then you’re looking at an average cost of about $1,500. Whereas if you’re looking at adding hardwood floors, this can cost around $4,000 depending on the size you are re-flooring.
Painting
Adding a fresh new color to the walls of your home is an extremely underrated and low-budget home renovation that can actually make the world of difference. Although many people will try and cut costs by going the DIY route, this choice is always a bit risky and can often leave you with unwanted results. Having a professional do it will assure you that the job will be done properly and evenly throughout your home. A professional job can vary in price depending on how many rooms you want painted. Over and above those costs, you’re looking at spending anywhere between $200 to $500 on the paint alone, depending on the quality of the paint you choose.
Bathroom Fixtures
When it comes to bathroom remodeling, you’re spoiled for choice. Narrowing down your choice to one thing can be difficult, but sometimes the simplest bathroom renovation can make the biggest difference. Upgrading your bathroom vanity can change your bathroom space entirely and not cost as much as re-doing your shower or bathtub. If you’re tired of having your kids fight over the sink while brushing their teeth at night, and are looking to upgrade their vanity with an extra sink, then you’re looking at an average cost of about $1,500 for this bathroom renovation. If you’re just wanting to upgrade your single vanity in your guest toilet, for example, then you’re looking at an average cost of about $500.
So, no matter which type of home renovation you choose from, it’s helpful to get an idea of how different renovations vary in cost to help you decide on the direction you want to take in renovating your home. Whether you’re choosing to change up your floors, or simply give your home a fresh paint job, it’s always a good idea to plan out your budget beforehand so that you know how much money you want to spend right from the beginning. If you want any residential remodeling questions answered, feel free to give us a call at (561) 988-2637, and speak to a professional today
