Eager to upgrade a room (or two) in your house? You’re not alone. According to HomeAdvisor’s True Cost Report, the number of homeowners planning a major home improvement project, like a room remodel, has increased more than 5 percent year over year.
But as excited as everyone is to get upgrading, it’s also important to remember that the costs that come with new floors, sinks and even walls can be downright daunting. Don’t get discouraged, though – just get smart!
We created a room-by-room cost guide so you can know what to expect from every type of remodel — from the “big money” areas like the kitchen and bathroom, to the super valuable spaces you may not have thought of, like the attic and the garage.
Average cost: $10,772
Why you should consider it: Whether you want to turn your garage into an extra room or just add some streamlined storage, the garage is an existing space waiting for you to take advantage. So why wait?
The biggest hidden cost: If you’re transforming a garage into a new master suite, an office workspace or a small apartment, adding heating, ventilation and air conditioning (HVAC) units will increase costs.
How to save: Maintain the existing footprint of your garage to avoid paying for new interior walls and ceilings.
Average cost: $20,556
Why you should consider it: The kitchen gets more action than any other room, so a few upgrades can go a long way in terms of your daily life.
The biggest hidden cost: Cabinets, cabinets, cabinets. Especially if you go custom. This sneaky, essential part of the room takes up the biggest portion of kitchen remodeling budgets.
How to save: Get smart when it comes to choosing the projects and materials. Knowing what combination of upgrades add up to big, medium remodels is key to keeping to a budget that works for you.
Average cost: $18,810
Why you should consider it: Having another room in the house undoubtedly adds value to a house, which means someone will pay more for your home when it comes time to put it on the market. Plus, basements are also often some of the biggest spaces in the house, which means your dream of having that pool table for parties can be a reality.
The biggest hidden cost: A basement bathroom addition may sound like something you want, but it requires hiring a plumber, installing plumbing and choosing all the necessary fixtures. If you can, opt for a more cost-effective half bath or skip the bath addition altogether.
How to save: Larger square footage means more materials and longer construction time — and therefore higher costs. Some homeowners remodel only part of their basements to curb total remodeling costs.
Average cost: $9,348
Why you should consider it: Who doesn’t want to sit in a spankin’ new soaking tub at the end of a long day? The benefits to your daily life are one thing, but bathroom remodels provide some of the highest resale returns because buyers are also all about these types of little luxuries.
The biggest hidden cost: If you’ve got a specific idea for your bathroom — or if your idea of the perfect space doesn’t fit a certain style like modern or contemporary — you’ll need to hire a professional craftsman to custom build accessories like the vanity, countertop or mirror frame.
How to save: Spread out the costs. You always have the option to add some pricier pieces – sink, toilet and lighting fixtures – down the road, after you tackle the basics like flooring, cabinets and countertops.
Average cost: $49,438
Why you should consider it: As pricey as an attic remodel can be, it can expand your living space and create great guest quarters, master suites and play areas.
The biggest hidden cost: Consider 5 feet to be the absolute minimum ceiling height for a usable space. Don’t have 5 feet? Raising or modifying your roof is always an option, but the high costs that go along with that can put you in danger of not making your money back when you sell.
How to save: Be sure to have the space evaluated ahead of time so you know what you’re getting into. A pro will see potential obstacles and costs that the average homeowner won’t — whether it be the attic floors and roof joists that hold your home together or your home’s wiring, plumbing and ductwork infrastructure.
Multiple Room Remodels
Average cost: $36,001
Why you should consider it: You can save a substantial amount of time and money by tackling multiple rooms at the same time. Since workers can cover a few projects at once, getting it all done in one big swoop increases the efficiency of the project and reduces your contractor costs.
The biggest hidden cost: The older the home, the more costs there could be lurking behind doors and walls. If you live in an older home, be prepared to pony up more money (and allot more time) to bring wiring, plumbing and other features up to date.
How to save: Don’t forget to include the cost of proper permits in your budget. Homeowners generally spend anywhere from $100 to $3,000 in permit fees, which is nothing to laugh at. But ripping walls that weren’t done to code will run you even more.