The average cost to remodel a house depends on the room(s), home’s size, quality of materials selected and if any structural changes are needed. Whole house renovation costs $15 to $60 per square foot on average.
Whether you’re a real estate salesperson, investor, or homeowner, this guide provides an accurate starting point to create a realistic home renovation budget.
When estimating home renovation costs, the main factors are square footage, age, location, property’s condition, which rooms are being remodeled, structural changes, and the quality of materials selected.
|Type of Renovation||Average Cost (Low End – High End)|
|Kitchen Remodel||$20,000 – $80,000|
|Bathroom Remodel||$10,000 – $60,000|
|House Exterior||$6,000 – $20,000|
|Roofing||$5,000 – $11,000|
|Bedroom/Living Room||$2,000 – $10,000|
|Basement||$20,000 – $100,000|
|Deck / Stairs||$2,000 – $20,000|
|Doors, Windows (Egress)||$1,000 – $20,000|
|Additions||$40,000 – $140,000|
|Sheds / Detached Garage||$5,000 – $25,000|
When calculating your home renovation budget, organize projects by room, and build a specific budget around each.
Experts advise setting a budget of 5% to 15% of your home’s total value for remodeling a kitchen or basement and 1% to 7% when remodeling bathrooms, bedrooms, or living rooms.
To maximize resale value, avoid spending more than 20% of your home’s worth on the total renovation costs.
|Area||% of overall house value|
|Guest Bathroom / Powder Room||1-4%|
|Attic conversion into finished room||10-15%|
|Basement conversion into finished room||10-15%|
|Patio / Deck||1-5%|
Before hiring home remodeling contractors near you, plan accordingly, ask questions, get multiple quotes, and learn the process of working with designers and remodelers.
Before hiring a contractor and signing a contract, be sure to:
Most remodeling projects have a 50% to 85% return on investment. The top remodeling projects that return more than 85% of your investment are siding replacement, garage door replacement, a new bathroom addition, and replacing windows and roofing.
|Remodel||Return on Investment|
|Garage Door Replacement||98-99%|
|New Bathroom Addition||55-87%|
|New deck addition||75-83%|