How To Determine The Cost Of Home Renovation

by Tyler P. A Passionate Blogger - Entertainment One thing every homeowner should consider in the New Year is to renovate their home. It will give it a new look. However, such a project is not easy and quick. Successful home renovation projects require professional assistance from a reputable company. Homeowners have to find a renovation company which can work within their budget and delivers exceptional results. So, it’s essential to get ideas on how to determine the cost of home renovation.



This is not a simple thing to address. The cost of your project might depend entirely on the nature of your renovation requirements. A kitchen remodel is a significant project when renovating your home. Updating your bedroom might cost considerably less. The scale of your project has a significant impact on your budget because of requirements like time, resources, and materials. Do you have to move out of your home during the renovation? It will also have a significant impact on your budget.

Here’s the catch

The good thing is, renovation is a smart investment. It has a significant impact on the resale value of your property. A well planned home renovation executed by professional contractors is likely to go on smoothly. However, you must define your priorities and budgetary needs in advance. These factors are essential in guiding you through the project. The trick is to ensure that you make a checklist of your most urgent concerns. The contractors have to work on these first.

Ultimately, you should never compromise on working with professional period home renovations. These come with vast knowledge and experience plus a network of reliable suppliers and tradespeople. That’s not all. Apart from expertise and knowledge of managing renovation projects, professional contractors also offer technical advice. These will also assist in coming up with project cost estimates, coming up with schedules and making right decisions in the course of the renovation process.

There’s more

You can’t do without advice on how to budget for your renovation project. Always ensure to consider two primary features likely to affect the cost of your renovation. These include soft costs and hard costs.

Soft costs

These include cost of features like design and budget development, professional fees like architecture and interior design, and permit fees.

Hard costs

These are related to the physical construction phase of your renovation project. They include costs such as labour and materials. 

For regular home renovation projects, soft costs constitute about 30 percent of the budget. Hard costs make up the remaining 70 percent.

That’s not all

Homeowners specifically should have a specific budget for the bathroom and kitchen renovations. This might take a more significant portion of your budget. However, the remaining areas of the house are cheaper. So, always know what to expect when calling a home renovation company for a quote. You don’t have to renovate the whole home at once. You can consider working on only those areas which need a remodel. Most times it might be the kitchen or bathroom.

Various factors determine the cost of a home renovation project. So, it’s impossible to get hard figures from anywhere. This is because every homeowner has unique needs for their home renovation. Ensure to work with a reliable home renovation company and use the above tips as a starting point. It offers a better picture of what to expect when coming up with your overall budget.

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Created on Jan 15th 2018 03:56. Viewed 355 times.

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