The Cost of a Remodel

Are you considering remodeling your home? Has your family out grown its space, are your floors or finishes dated, or do you just need your home to keep up with your pace? There are dozens of reasons why people consider remodeling their home, in fact 36% of US home owners are considering a major remodel. You may be asking yourself, "Is it better to remodel, or just buy a new house?". The answer to that question is undoubtebly "Value." What is your home's value on the market? What will the value, or cost of return be on the renovations? But most importantly - What is your home's value to you? In deciding on whether you want to invest in upgrading your home or build an addition, you have to think about not only the process of selling your home, but how you feel about leaving it. It's important to weigh the pros and cons of each decision. Remember, you can improve the value of what your home means to you by renovating. In a renovation you can choose exactly what you want. New homes tend to be boxy and lack character, unless you design it yourself. A renovation or a custom build, may be what is needed to keep the charm you love about your current home. We've included a chart below to help you get a realistic view of how much a renovation may cost you. Keep in mind the ranges are for smaller projects through luxury projects. For example: A 1/2 bath addition can be $20,000 while a master bath additon with a frameless shower, granite counter tops, etc. may cost as much as $45,000.
Cost estimates of a renovation in Houston:

Bathroom addition: $ 35,000 < $45,000

Bathroom remodel: $20,000 < $35,000

Attic conversion: $25,000 < $65,000

Attic with addition: $75,000 < 175,000

Deck addition: $10,000<$23,000

Covered patio: $16,000 < $28,000
Family room addition: $25,000 < $60,000
Home office remodel: $10,000 < $22,000
Major kitchen remodel: $45,000 < $75,000
Minor kitchen remodel: $10,000 < $25,000
Master suite addition: $30,000 < $48,000
Roofing replacement: $6,000 < $25,000
Siding replacement (vinyl): $8,000 < $12,000
Siding replacement (Hardie): $9,000 < $14,000
Sunroom addition: $20,000 < $30,000

Garage apartment: $35,000 < $95,000

Second story addition: $60,000 < $100,000
Window replacement (wood): $12,000 < $21,000
Window replacement (vinyl): $9,000 < $18,000
Sources: Remodeling Magazine, Feb. 2010
www.IncredibleRenovations.com/estimateyourproject