When estimating home repairs and renovation costs, many homeowners wonder what to include in their budget. After all, even a home in perfect condition might eventually need repairs. Tastes change and new ideas emerge which might necessitate a dramatic change in layout or aesthetic.
Whatever the reasons for a remodeling project, it’s important to know how to budget for it. If you’re interested in budgeting for the future of your home, here are some things to consider:
Depending on a number of factors, a full home renovation can cost anywhere between $15,000 to $200,000. While some cost is based on the overall value of the home, other determining factors include location, materials used, square footage and the need for structural or cosmetic upgrades.
The most common types of home renovation and remodeling projects fall into these categories:
The difference between a “minor” or “complete” remodeling project depends on the scope of the changes you make to the space. For example, installing energy-efficient kitchen appliances without doing any major construction could be considered a minor remodeling project.
Bathroom remodel costs depend heavily on whether they involve structural changes to major systems like plumbing or electricity. Replacing the vanity or light fixtures, for instance, could count as a minor remodel.
Unfortunately, not all major renovation projects are planned or even wanted. Whether through natural wear and tear, weather hazards or other issues, expensive repairs to major features and systems can sneak up on homeowners.
Some of the most common and most expensive repairs include:
All of these major projects come with preventative maintenance and best practices for avoiding them. However, if you want to be as financially prepared as possible, consider shopping around for quotes in your local area to get a sense of what each project could cost.
While the details and scope of an issue can affect the price, the more information you have about estimated home repair and renovation costs, the more you’ll be able to enjoy your home.
With over 25 years of extensive real estate experience throughout the Boston and Metro West areas. Combine this with my ability to work smart and to not stop working until your needs are met and you get a broker that will help you make the right decisions when it comes to buying or selling your home.
Let my success work for you. I have been trusted to represent developers, builders, attorneys, financial planners, and many other professionals, selling condominiums, townhomes, new construction, investment, commercial properties, and of course single-family homes. I know your neighborhood.
I’m a problem solver and an excellent negotiator. Problems often arise that can stop a sale. I’ve solved many problems over the years and when I don’t have the answer I find an expert who does.
I offer first-class marketing I guarantee will work for you. I can tell you what you need to do to get your home sold quickly and for the best possible price.
If you are looking for a professional you can trust to help find your dream home or sell your current home, contact me today. If you are not completely satisfied with my service you can cancel any time. I am always available by phone or email, so please reach out to me anytime!
I am committed to getting you, the results you deserve.
