Re/max Innovative Properties
When estimating home repairs and renovation costs, many homeowners wonder what to include in their budget. After all, even a home in perfect condition might eventually need repairs. Tastes change and new ideas emerge which might necessitate a dramatic change in layout or aesthetic.
Whatever the reasons for a remodeling project, it’s important to know how to budget for it. If you’re interested in budgeting for the future of your home, here are some things to consider:
Depending on a number of factors, a full home renovation can cost anywhere between $15,000 to $200,000. While some cost is based on the overall value of the home, other determining factors include location, materials used, square footage and the need for structural or cosmetic upgrades.
The most common types of home renovation and remodeling projects fall into these categories:
The difference between a “minor” or “complete” remodeling project depends on the scope of the changes you make to the space. For example, installing energy-efficient kitchen appliances without doing any major construction could be considered a minor remodeling project.
Bathroom remodel costs depend heavily on whether they involve structural changes to major systems like plumbing or electricity. Replacing the vanity or light fixtures, for instance, could count as a minor remodel.
Unfortunately, not all major renovation projects are planned or even wanted. Whether through natural wear and tear, weather hazards or other issues, expensive repairs to major features and systems can sneak up on homeowners.
Some of the most common and most expensive repairs include:
All of these major projects come with preventative maintenance and best practices for avoiding them. However, if you want to be as financially prepared as possible, consider shopping around for quotes in your local area to get a sense of what each project could cost.
While the details and scope of an issue can affect the price, the more information you have about estimated home repair and renovation costs, the more you’ll be able to enjoy your home.
With over 18 years of experience, Jessica is licensed New Hampshire and Massachusetts. A proud member of the National Association of Realtors, Jessica values the highest code of ethics and standards expected of her. As a seller’s agent, she uses the most current market information to properly value the property. In addition, with her experience she is able to assist sellers on the best ways to improve homes so they can solicit the highest offers. Jessica works with a cutting edge marketing & social networking firm to obtain the maximum exposure for all of her listings. Known for her negotiating skills, she has a passion for working with buyers providing knowledge of what to expect & peace of mind throughout the process. In addition to what Jessica provides as a buyers agent, she works closely with a team of experts so it’s a “one stop shop” for all her buyers. In addition to her real estate career, Jessica is also a licensed loan originator in N.H. Combined with her expertise in both real estate, mortgages and finance, Jessica has a full understanding on the home buying and selling process. In today's real estate market it is so important for sellers and buyers to work with an agent who has great skill set and experience.
