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Budgeting for house renovations: Costs you should consider

by Dianne Drinkwater 11/25/2024

Shoes and pint supplies

Many homeowners wonder, "How much do house renovations cost?" While the answer can be different for every project, there are some common factors you can use to estimate the cost of your own home renovation. 

Whether you're intending to save money on anything from a whole house renovation to a simple bathroom renovation, it pays to know how much you'll pay.

Cost to completely renovate a house

Average house renovation costs range anywhere from $15,000 – $200,000. The list of variables involved in determining the cost for a full home renovation is exhaustive, as many expenses depend on entirely unique situations.

Generally, the final cost will depend on the types of structural changes required, the price of materials and labor per square foot, location and any unforeseen problems that might arise during the process.

Renovating a house by room

If you're renovating a home room by room, contractors usually recommend dividing the rooms into two categories: dry and wet.

Dry rooms are those without any plumbing work involved, such as bedrooms, offices and living rooms. Wet rooms involve a water source and include kitchens, bathrooms and even outdoor rooms.

Dry rooms usually require fewer steps to completely renovate, while kitchens and bathrooms need more than just new walls and flooring. 

Home renovation costs by project

The most common renovation projects include:

  • Kitchen remodel.
  • Bathroom remodel.
  • New flooring.
  • Window replacement.
  • Roof replacement.
  • Exterior painting or siding repair.

Any room remodel typically involves painting walls and floors, installation of insulation, drywall molding and door replacements and crown molding.

Other costs, like furniture moving, contractor fees and temporary lodging also factor into your final budget. Average home renovation costs can also vary drastically from one location to the next, and depend on the type of property you own.

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To get the clearest sense of how much your project will cost, consult multiple contractors for estimates. By shopping around for the best deal - and best financing options - you can make the best possible decision for your financial future.

About the Author
Author

Dianne Drinkwater

Dianne is a full time, full service, state licensed Realtor®, member of Northeast Florida Regional Association of Realtors® (NEFAR), St. Augustine/ St.Johns County Board of Realtors, National Association of Realtors® (NAR), Florida Association of Realtors® (FAR), and Northeast Florida Regional Multiple Listing Service And St. Augustine/St. Johns (MLS), Shearwater Certified, and Military on the Move Designation.

She provides a unique blend of leadership, sales acumen, project management, technology, and world class customer relation skills to enhance Watson Realty Corporation's values in the real estate sales and mortgage marketplace. She is a decisive take action solution-oriented professional with 25+ years of progressive business experience who efficiently utilizes technology to improve results. She has lived in the St. Augustine/Jacksonville area since 2005 and has seen the area continue to flourish and stays well informed of future growth plans within Northeast Florida. 

Let's take a look at the lighter side of Dianne. She loves life is artistic loves music, the arts, yoga and genealogy! She loves to explore and hates to be bored. She loves the outdoors, especially plant life and wildlife. She has been a Master Gardener in Florida and Maine; as a photography enthusiast she has the eye to spot the perfect shot, which spills over to the photos she makes of the properties she markets AND frequently hires the best specialized real estate photographers/drone and videographers who make the difference in the sale. And, she loves to share her knowledge of the local real estate market and all aspects of the process to guide you through each step as a coach rather than a salesperson. 

So, let's sum it up. Buying or selling your home is an important life decision. Reasons can vary greatly from change of lifestyle, to relocation or life challenges. You need someone you can trust, count on, respect and help shoulder the stress, anxiety and time commitment involved. Doesn't this sound like someone you want working for you? 

So, what's the next step? Contacting Dianne of course. It is all about YOUR needs, goals, timeline and DREAMS! She's here to help you achieve them and she looks forward to hearing from you. 

What are you looking for in a Realtor? - Someone who will really listen to your wants and needs? Someone who will expertly market your home until the SOLD sign adorns your front lawn or if you are a buyer tirelessly researches your wish list to find that perfect home? - How about someone who will always be honest, holds ethics in high regard as a realtor, who works aggressively to get you the best price for your home and someone who knows the market? 

Selling or buying a home is a partnership with your trusted advisor- Dianne Drinkwater