How Much Will it Cost to Update Your House?
Buying your dream home with all the desired facilities is one of the best experiences you can ever have. However, finding a house with everything that you want may be harder than expected, so it can also be one of the most stressful experiences too—especially if the home you are looking to buy needs a little work done to it… so you may be wondering, “just how much will it cost to update my house?”
If you are looking to renovate your house, which might include remodeling your kitchen, remodeling the bathroom, getting a new roof, or simply painting your house to give it a new-look, you need to know the costs involved before you get started on the renovation project. Here are some of the more common home renovations and a quick breakdown of costs:
If you were to fix and remodel your kitchen, it could cost you around $20,000. Kitchen remodeling is a big deal that would include painting walls, re-facing cabinets, upgrading the sink and installing a tile backsplash.
Bathrooms remodels can be expensive and would include installing bathtubs, counter tops, faucets and other bathroom fixtures, for a grand total cost of around $9000.
A new roof is a significant investment in your house and can cost you around $7000. While a new roof can improve the overall aesthetics of your house and improve energy efficiency, a functional roof is considered a necessity and won’t increase the resale value of your home by very much.
Even something as simple as updating paint colors throughout your home can cost around $1,600.
Many improvements that boost your home’s value could render your home insurance coverage inadequate and leave you vulnerable to losses. So when you make major changes, be sure to talk with your insurance agent to see if a reassessment is necessary.
Also keep in mind that renovations on older homes can also encounter unexpected costs due to meeting current codes or re-working electric or plumbing.
Here is a breakdown of some of the more common home improvement and renovation costs:
infographic put together by Fast Florida House Sale
These costs represent the general costs involved with typical home renovations, you will need to consult a contractor or builder for a specific quote.