How Much Does it Cost to Remodel Multiple Rooms
Remodeling even one room can seem like an overwhelming prospect, but tackling multiple rooms or a whole-house remodel requires careful planning, preparation and budgeting. The good news is that you can save a substantial amount of time and money by tackling multiple rooms at the same time. Being able to have labor working on multiple areas of your home at once increases the efficiency of the project and reduces your contractor costs.
Estimating how much a remodel will cost is a daunting task. There are many factors and multiple variations that contribute to the bottom line of this project, including the size of each room, underlying problems that could arise, the cost of the materials and the extent of the remodel. To give you a good starting point, we’ve gathered information on some of the most popular remodeling projects around your home. Read on for an estimate of what you can expect to spend depending on the extensiveness of the job.
1. Planning How Extensive Your Renovations Will Be
The amount of work required for your renovations is directly proportional to the cost of the project. Keep in mind that many of your renovations not only add to your ability to enjoy your home, but they also often add resale value and equity. To give you a foundation of what to expect, look at some of the average costs for some of the most popular renovations.
Adding Square Footage/Knocking Down Walls
Removing interior walls and adding square footage are two popular renovations that can make a big difference in how you use your space. Like any project, you can expect to encounter a range of complexity and corresponding prices. For example, removing an interior wall typically costs $300 to $500, with demolition and removal costs factored into the price.
Remodeling the basement can be a very big job, depending on the condition of the area and the remodeling plan. Factors such as installing floors, building walls, adding electrical or plumbing lines and furnishing the room all contribute to the overall price, which averages $18,711. Most homeowners spend between $10,579 and $27,000, with some remodels costing more than $40,000.
Plumbing, Electrical, Structural
The cost of hiring a contractor to remodel your space is one thing, but if you’re changing the layout of your bathroom or knocking down a wall that contains plumbing, you need to hire a plumber, too.
2. The Money Areas
Whether they’re living in the home, preparing to move in or getting ready to sell, most homeowners choose to renovate the big money areas first, including the kitchen, bathroom, appliances, HVAC and the roof. When it comes to budgeting for these projects, it all comes down to the materials, quality and complexity of each project you’re planning.
The average cost of kitchen remodels comes in at $20,474, with homeowners spending anywhere from $4,500 for small kitchen remodels to $49,000 or more for high-end projects. The National Kitchen and Bath Association estimates that the top expenses include cabinetry/hardware (29%), installation (17%), appliances (14%), countertops (10%) and flooring (7%).
Like kitchen renovations, bathroom remodeling projects come with a wide range of prices depending on the caliber of the cabinets, counters and fixtures you choose. For example, installing new cabinets can run anywhere from several hundred dollars for a modest stock vanity to $13,000 for a large custom job.
When it comes to appliances, you have a lot to consider. While the costs can easily skyrocket, limiting your options to bare-bone basics can be counterproductive. For example, if you love to cook, splurging on a six-burner stove will enhance your enjoyment and the functionality of your kitchen. Likewise, opting for pricier EnergyStar appliances can ultimately save you money on your energy bills.
You have many different options when it comes to choosing heating, ventilation and air conditioning (HVAC) units. Replacing an old or inefficient model can increase the comfort in the home, while choosing one with energy efficiency can save money on your future utility bills. When you're replacing your HVAC, it's also a good time to evaluate your home's insulation, which helps prevent heat loss during winter and helps keep your home cooler in summer. Popular brands include Amana, American Standard, Carrier, Coleman and Lennox, all of which retail for $1,900 to $4,900.
Most roofing materials only last 20 to 30 years, which necessitates periodic repairs and replacement, depending on the material used. For example, tile, slate and copper roofs can last 50 years or longer, while asphalt shingle roofs last 20 years. The average cost for replacing a roof is $6,838, although the final price depends on factors such as the roof size, roof pitch, the type of application and the materials.
3. Other Considerations That Will Affect Cost
Size/Age of Home
The size and age of your home are two other important factors, particularly if you have an older house. Newer homes typically have easier access to wiring, plumbing and ventilation. In general, the older the home, the more hidden costs may be lurking behind those doors and walls. For example, older homes may require additional work to bring wiring, plumbing and other features up to date, making your remodel a more expensive, time-consuming prospect. From designing perspective, some cost saving measures can be considered. For instance, you can work on creating a faux brick wall.
Don’t wait to get your permits. If you have all the necessary permits in place, your contractor can get right to work. If you wait and the contractor has to secure the permits before getting started, it can end up costing you additional money in labor charges. Homeowners spend anywhere from $100 to $3,000 in permit fees, with most homeowners spending $398 to $1,456.