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What Is The Average Renovating House Cost In 2022 + Best Estimation Table

You are thinking about adding a third bathroom or replacing the carpeting in your home with hardwood flooring. Perhaps you dream of a finished basement with a bar and home theater. If you’re contemplating a home remodeling project, KS Renovation – a full-service general construction firm, is happy to help you with advice.

Repairs may be less expensive than buying a home, depending on where you reside, the size and age of your property, and the work you do.

Find the average cost of house repairs with this page.

If you’re interested in learning more about apartment renovation ideas, we recommend reading our article on our blog.

Average Renovating House Cost

A comprehensive home restoration will cost on average $47,000, but costs may rise to over $75,000 if more minor of the house requires a thorough revamp that can be salvaged. If you’ve finally located the fixer-upper of your dreams, you’ll need to be prepared to update it inside and out, from kitchens and bathrooms to siding and front porches. Because renovating an entire home is an enormous undertaking, it’s critical to plan your budget accordingly.

Renovating House Cost

Completely Renovating House Cost

The cost of a home can vary greatly depending on the features of the structure. Any structural or mechanical repairs, square footage, underlying difficulties, location, and materials chosen are all factors that influence the final cost.

Remodels are classified into three categories based on their characteristics: high-end, mid-range, and low-end.

High-end: Designer materials and high-end items are used in these significant makeovers.

Mid-range: These are typically renovations for second-home projects using mid-range products and materials.

Low-end: Remodels with minor upgrades, such as those found in starter homes, are low-end. Many of these projects are self-funded or DIY, using low-end items.

Renovating House Cost

Gut Renovation

The typical cost of gutting and remodeling a home ranges from $100,000 to $200,000, depending on the square footage. New plumbing, appliances, structural upgrades, and a new roof run from $60 to $150 per square foot (heating, venting, air conditioning system).

Interior Renovation

When it comes to upgrading the inside of a property, you must consider the cost of demolition. This can cost anything from $1,200 and $4,700, with a high end of almost $10,000. Debris removal, dumping fees, permits, and tear-out are all included in the price. After you’ve taken everything out, you’ll need to calculate the prices for your job.

Removing interior walls is a popular interior renovation among homeowners. This can cost anywhere from $300 and $10,000, depending on whether or not the wall is load-bearing. Because load-bearing walls are the home’s fundamental support, removing them necessitates a lot of caution.

Renovating House Cost

How Much Does a House Renovation Cost?

A single home improvement project costs the typical American $15,000. Due to financial strain, households spent 48 percent less on renovation costs after the onset of COVID-19 than before the pandemic. People said they were being more frugal with their remodeling spending, opting for do-it-yourself projects and Morand e budget-friendly finishes to keep expenses down.

The typically recommended spending for remodeling projects varies depending on the type of house and project.

Spending Estimates by Project
Project Types	Suggested Spend (based on home value)
Kitchen	16%
Attic or basement	10 – 15%
Primary bedroom	13%
Living area	10%
Primary bathroom	7%
Small bathroom	5%
Siding	3 – 5%
Windows	3 – 4%
Patio or backyard	2 – 5%
Roof	2 – 4%
Standard Bedroom	1 – 3%

How Much Does It Cost To Add A Room?

The cost of adding a room is projected to be between $135,000 and $282,000. About 33% of people say they’ve renovated their main bedroom to make it more livable and functional. Over half of homeowners report that after completing the project, they enjoy being at home more and have a greater sense of accomplishment.

High-end average cost: $320,976
Additional home value: $152,996
Return on investment: 48%
Mid-range average cost: $156,741
Additional home value: $85,672
Return on investment: 59%

How Much Does It Cost To Renovate A Bathroom?

Many homeowners believe an airy and modern bathroom to be a luxury. Bathrooms, like kitchens, are frequently overlooked by buyers when determining whether or not to make an offer on a home.

The cost of remodeling a bathroom ranges from $20,000 to $38,000. Renovations to the primary bath are usually reserved for budgets of $4,500 or more. Upgrades like flooring, lights, worktops, and cabinets aren’t often attempted with funds below this threshold, yet individuals still splurge on paint.

High-end average cost: $75,692
Additional home value: $41,473
Return on investment: 55%
Universal average cost: $38,813
Additional home value: $22,475
Return on investment: 58%
Mid-range average cost: $24,424
Additional home value: $14,671
Return on investment: 60%

We also have some posts that go into more detail on Bathroom Renovation:

Renovating House Cost

How Much Does It Cost To Renovate A Kitchen?

Kitchens are one of the first rooms that homeowners remodel, and they can cost anywhere from $23,000 to $135,000 to do so. When buyers look at homes for sale, a modern kitchen is typically the deciding factor in whether or not they make an offer. Homeowners with budgets under $4,000 avoid upgrading their kitchen countertops, cabinetry, and appliances.

High-end average cost: $149,079
Additional home value: $80,284
Return on investment: 54%
Mid-range average cost: $75,571
Additional Home Value: $43,364
Return on Investment: 57%
Low-end average cost: $26,214
Additional hoRenovation$18,927
Return on investment: 72%

If you are interested in changing your kitchen, check out the following articles:

Renovating House Cost

Garage Remodeling Costs

On average, a comprehensive garage remodel will cost between $7,000 and $15,000. A garage door replacement, for example, can add tremendous value to your property, virtually matching your investment with a 95% return.

Garage door replacement average cost: $3,907
Additional home value: $3,663
Return on investment: 94%

Renovating House Cost

Exterior Remodel Cost

The structural integrity or curb appeal of your property can be the emphasis of an outside redesign. The average cost of roof, siding, and window replacement is about $68,000. Expect to pay an additional $17,000 to install a patio or deck area.

Roofing replacement average cost: $37,144
Additional home value: $21,482
Return on investment: 56%
Siding replacement average cost: $18,101
Additional home value: $12,467
Return on investment: 69%
Window replacement average cost: $21,302
Additional home value: $14,471
Return on investment: 68%
Deck addition average cost: $19,596
Additional home value: $12,604
Return on investment: 65%

Renovating House Cost

Remodel House Into An Entryway

A grand entrance is a high-end improvement for any property, costing around $9,000 on average. While the price tag may cause sticker shock, consider the labor involved. Moving electrical parts, upgrading the trim, constructing a wider casing, and painting are all part of this refurbish-end grand.

Entry door average cost: $10,044
Additional home value: $6,116
Return on investment: 61%
Mid-Range entry door average cost: $2,082
Additional home value: $1,353
Return on investment: 65%

Renovating a House Cost by Size

The cost of renovating a home varies greatly depending on the house’s age, style, and condition. A Victorian property may cost more to restore than a home built in the early 2000s. Nonetheless, a total house makeover should cost between $10 and $60 per square foot.

The size of the room is the most critical factor in determining the cost of your makeover. It can cost anywhere from $10 to $60 per square foot, but if you use high-end materials and top-of-the-line appliances, it can cost $150 per square foot.

How many renovations Will I Get With My Budget?

While a $20,000 budget may not be enough to restore a historic property to its former grandeur, there are many remodeling possibilities for any budget. Working within your budget to update your home to meet your needs.

$20,000–$50,000

An aging property can be revitalized with new paint, crown molding, refinished floors, and a modern landscaping plan. You may not be able to remodel a kitchen on a budget of $20,000 to $50,000, but you can install new countertops, paint numerous rooms in the house, and replace carpet with engineered wood floors.

$50,000–$75,000

A mid-range budget of $50,000 to $75,000 allows for more enhanced alternatives, such as replacing outdated floors with natural hardwood or choosing unique paint colors. This price range also allows you to fully renovate a kitchen or bathroom, which are typically more expensive to rebuild due to the electrical and plumbing work required.

$75,000 or more

You can make floor plan adjustments like removing or adding walls, as well as renovate the kitchen and possibly multiple bathrooms, with $75,000 or more, in addition to less expensive repairs like fresh paint, trim, and floors throughout the property. This budget may also include repairs to the foundation, HVAC, electricity, or plumbing.

How Much Does a Complete Home Renovation Cost by Type?

The type of home might influence the cost of a refurbishment. Apartments and condos, for example, may be smaller than typical residences but may require more costly bathroom or kitchen modifications and may be subject to rigorous community housing standards.

Apartment

Apartment renovations, like home renovations, can vary greatly. Apartment upgrades may include upgrading the bathroom or installing new appliances, even though they often have less square footage than a conventional home. Apartment renovations should cost between $25 and $40 per square foot.

Condo

Condo renovations, like apartment renovations, may be subject to HOA guidelines. Condo renovations sometimes necessitate more considerable expenses due to common modifications such as a bathroom or kitchen renovations and new appliances and finishes. Condo owners should budget between $75 and $100 per square foot.

Townhouse

Because townhouses share walls with their neighbors, remodeling can be complex and may necessitate additional permits. Renovations to a townhouse will cost between $10 and $35 per square foot.

Row House

A row house is similar to a townhouse in appearance, and it often resembles, if not exact matches, its neighbors. This means that modifications may necessitate the acquisition of mater that complement the adjacent row houses. A raw house renovation costs between $25 and $75 per square foot.

What Factors Influence the Cost to Renovate a House Completely?

Before you begin the restoration process, you’ll almost certainly need to apply for permits, but other considerations such as the home’s age and condition might also affect your costs.

Permits, which are necessary for many major remodeling projects, including structural alterations or additions, can cost anywhere from $400 to $1,800. Minor changes, such as replacing floors or repainting rooms, are unlikely to require a permit. Check with your local government to see if any permits are needed for your renovation.

Newer age Homes are more likely to be in excellent condition.

Furthermore, they are constructed following current construction codes. A house built in the 1930s, for example, may have old wiring that needs to be replaced, resulting in additional remodeling costs, whereas a house built in 2000 will have modern wiring.

Condition

The pricing is heavily influenced by the state of the item. A complete renovation of a home in good condition but needing more contemporary finishes, such as floors, paint, and trim, could cost $20,000. A house that needs repair could necessitate a $100,000 or more total overhaul.

Architects

Hiring an architect might assist you in realizing your remodeling dreams. You may not need to engage an architect or designer for simple improvements, but it’s a worthwhile investment, especially for structural alterations or expansions.

An architect will cost between $125 and $250 per hour.

Interior vs. Exterior

You may incur different costs for renovating only the interior or the exterior of your home. Exterior updates cost an average of $5,000 to $15,000. Interior upgrades may cost up to $5,000 to update bedrooms or install new flooring, while renovating the kitchen can cost $30,000 to $60,000.

Home Renovation Cost FAQs

Still undecided about whether to renovate or resell? Take a look at some of the most often asked questions about the cost of home renovations.

Is it cheaper to remodel or build a new house?

Remodeling is usually less expensive than building a new home. Residential spending on new homes with renovated kitchens and bathrooms often exceeds that on remodels, with $77 billion and $62 billion spent on each industry, respectively2. Consider obtaining tax-free capital for your remodeling project by using cash-out refinancing.

Is remodeling a home worth it?

Remodeling might be costly, but investing in your home can raise its value and yield a more significant return on investment when it comes time to sell. It can also make your home more enjoyable and profitable to live in. Let’s say you upgrade your home’s siding or landscaping. This will improve its curb appeal and market value, making it easier to sell your property and increasing your chances of making the most money possible.

What is the average cost per square foot to remodel a house?

The Bottom Line

The cost of home repairs is determined by structural or mechanical repairs, square footage, significant issues, location, and materials used. First, use the home repair cost estimate table above as a starting point, and then speak with a contractor to obtain an actual estimate in your region.

We recommend that you schedule a free consultation with KS Renovation.

Renovating and remodeling a home is a difficult task.

On the other hand, a pleasant environment can help you feel better. Consider the cost of your time and cash before starting a project; the planning and remodeling processes are not quick.

Consider refinancing your property to help you budget for renovation costs if you plan home changes.

Schedule Renovating House Cost With KS Renovation

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