People have been remodeling their homes like crazy throughout the course of the COVID-19 pandemic. Because everyone has been stuck inside their houses for the most part, the home remodeling business has been good.
Are you thinking about remodeling a home right now? If so, it’s a great time to do it. The price of lumber is finally dropping after spiking earlier this year, which should make the cost of renovating a home more manageable for you.
So, how much does a home remodel cost on average? That’s the question that everyone asks when they’re considering doing home renovations.
But it can be challenging trying to answer it. The truth is that the cost of remodeling a home is going to depend on several different factors.
Check out some of the factors that are going to play a part in what you’ll have to pay in order to take on a home remodeling project.
The Scope of a Home Remodeling Job
When you’re wondering, “How much does a home remodel cost?”, the first thing that you’ll want to take into account is the scope of a home remodeling job. That’s arguably going to have the biggest impact on the price to remodel a home.
If you want to remodel, say, a small bathroom during a home remodeling job, that might not break the bank. You should be able to do a decent bathroom remodel for a little over $10,000.
But if you want to remodel the entire first floor of a house, that will obviously be a much different story. In that case, you could be looking at shelling out over $100,000 or even more depending on the size of your home.
You should figure out how much you can afford to spend on home remodeling before deciding the scope of your project. Your budget could have an effect on how big of a home remodeling job you can take on at one time.
The Materials Used During Home Remodeling
During a home remodeling job, you’re typically going to gut at least a small portion of your home. You’ll then replace that part of your home with new materials like drywall, flooring, and more.
The cost of these materials is going to be another thing that will really affect the cost of home remodeling. The more expensive that materials are, the more costly a home remodeling job is going to be in the end.
In some instances, you aren’t going to be able to get around paying exorbitant prices for home remodeling materials. If the cost of lumber is high, there will be nothing that you can do about it.
But in other cases, you might be able to tinker with the cost of a home remodeling project by choosing materials that are on the less expensive side. You should always shop around for materials and choose the ones that you know you’ll be able to afford.
The Home Remodeling Company That’s Hired to Help
Remodeling a home on your own is probably going to be a little bit too much for you. You’ll need to hire a home remodeling company to land a helping hand.
Fortunately, you shouldn’t have any issues tracking down at least a few good options in your area. There are almost 500,000 of them scattered throughout the country at this time.
But you should be aware of the fact that they aren’t all going to charge you the same prices. Some are going to charge you way more than others when you call them and ask, “How much does a home remodel cost?”
As a result, you should always touch base with at least a few home remodelers before picking one over all the rest. The one that you pick should be able to use hard dollar estimating software to set you up with an accurate quote that you know you can afford.
The Time It Takes to Complete a Home Remodel
Some home remodeling jobs only take a few days at most. Others drag on for weeks and sometimes even months on end.
The duration of a home remodeling project is going to change the price that you’ll have to pay for it. It’s also going to affect your ability to live comfortably in your home.
You should try to get some sense of how long remodeling a home is going to take through different home remodelers. It’ll allow you to select one that is going to be able to save you time and money by getting your remodeling done sooner rather than later.
The Cleanup Associated With Home Remodeling
Is there going to be a whole lot of cleanup associated with the home remodeling project that you want to do? If there is, this means that it’s usually going to add to the time that a home remodeling company will have to spend working on your home.
It also means that a home remodeling company is going to have to bring in more dumpsters than usual to get rid of the debris from your home. This could result in you having to pay higher prices than normal for home remodeling. It’s one more thing that you’ll want to keep in the back of your mind as you strive to do home renovations.
So, How Much Does a Home Remodel Cost? It’s Hard to Say
The average cost to do home remodeling sits at right around $47,000 these days. That technically makes that the answer to the question, “How much does a home remodel cost?”
But as you’ve seen here, you shouldn’t take that dollar amount as gospel. It could go up or down dramatically depending on what you want to remodel in your home, what you want to use while remodeling it, and who you want to hire to help with remodeling.
Each of these factors should be carefully considered prior to remodeling a home. They’ll help you inch your way closer to finding out what it will cost you to remodel your house.
Learn more about how to remodel or renovate a house by reading the other home improvement articles posted on our blog.