There are plenty of reasons why a home renovation may be right for you. Renovations can make your home more comfortable and add much needed updates. If you are planning on selling in the near future, renovating your home can mean a higher selling price and a larger profit. While there are many benefits to renovations, there are a lot of different things to consider. Here's what you should know when renovating your home:
The Extent of Your Renovation
The first thing to consider when it comes to a home renovation is how much you want to renovate. Renovations can be time consuming, and if they are extensive you may even need to move out for a few weeks or even months while the work is being done. It's important to consider the extent of your home renovation and whether you will see the return on your investment you are looking for. Some renovations that offer high returns include kitchen and bathroom remodels, wood deck additions, window replacement, new siding, and refinishing the basement. Before starting a project, it's important to consider the return on investment.
How Much it Will Cost
If you are looking into home renovation services, having a set budget is key. Your contractor will be able to estimate how much your chosen renovations will cost you. The cost of your home renovation will vary depending on the size of your home and the extent of the renovations. The average cost of a home renovation is $46,209, but costs can range anywhere from $18,433 up to $75,515. Parts of the home where homeowners typically spend the most when renovating include the kitchen, bathrooms, roof, HVAC system, and appliances. You will also want to have extra room in your budget for changes or unexpected issues.
How Long it Will Take
How long your home renovation takes will vary; extensive renovations will take longer than minor renovations. For most home renovation projects, it will take weeks or even months before they are finished. A bathroom remodel will typically take between 2 and 3 weeks, while a complete kitchen overhaul takes on average 8 to 12 weeks. Finishing a basement typically takes 2 to 3 weeks, while a new roof will take around 1 week. Your contractor will give you a basic timeline of how long your home renovation is expected to take.
When renovating your home, there are a few things to consider. First, it's important to consider the extent of your renovation and which projects offer the best returns on investment. Costs vary but most home renovations cost tens of thousands of dollars. You will also want to consider how long renovations will take. In most cases it will be weeks or months before renovations are completed.
Reach out to home renovation services in your area for more information.