How Much Will It Cost to Renovate a House?

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You’ve just bought your dream home, a fixer-upper in need of some love. You’re excited to get started on your renovations, but wait! Before you can start swinging that hammer, you need to know how much it will cost to renovate a house.

Here’s a quick rundown of some of the factors that will affect the cost of renovating your home: the size of your house, the scope of the renovation, and the quality of materials and labor you’re planning to use.

Want to know what you should take into account before you begin your project? Read on!

 

The Cost to Renovate a House

The cost can vary greatly depending on the size and condition of the house, as well as the extent of the renovations. For a small house in good condition, renovations may start at around $20,000. However, for a large house or one in need of significant repairs, the cost can quickly increase to $100,000 or more. Therefore, it is important to get a clear estimate from a contractor before starting any work.

How to Save Money

On average, home renovation prices cost around $18,000. However, there are ways to save money when designing a home. If you are willing to do some of the work yourself, you can save a significant amount of money.

Additionally, shopping around for the best prices on materials and labor can also help to reduce the cost of your renovation. Finally, be sure to get multiple quotes from different contractors to get the best price.

Common Mistakes People Make 

One of the most common mistakes people make when renovating their house is not having a clear budget. It is important to know how much money you have to spend on the project and to stick to that budget. Over-spending can lead to financial difficulties down the road.

Another is not being prepared for the disruption that a renovation can cause. This can include anything from not having enough storage space for your belongings to being without a kitchen for weeks. If you are not prepared for the disruption, it can end up costing you more in the long run.

Look for Quality Labor 

The cost of renovating a house can vary greatly depending on the size of the project and the quality of the labor you hire. Get bids from several qualified contractors to get an accurate estimate. It’s also important to look for contractors like OgiCon, who have a good reputation for quality work.

When you’re comparing bids, be sure to ask about the contractor’s experience, references, and warranty information. Once you’ve selected a contractor, be sure to get a written estimate that includes a detailed description of the work to be done, as well as the materials and labor costs.

Get the Most Value Out of Your Home Renovation

It’s important to develop a budget and work with a qualified contractor because the cost to renovate a house can quickly add up. By doing your research and planning ahead, you can ensure a successful home renovation that will fit your needs and your budget.

Check out our blog for more ideas on home improvements.

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