In terms of the cost of renovating a home, many people might not know how much it actually costs to completely renovate a home. Unfortunately, there’s no easy answer at this point. This is due to the complex science in estimating the cost of such a project and its time frame. 

 

There are also many factors that contribute to what your specific project will be, such as the size of your home and where you live in relation to area-specific construction costs. Before you begin to renovate your home, there are several steps you must take in order to be prepared, including calculating the cost of materials. Doing this will give you a better idea of what you should be expecting for your specific project.

 

To determine how much it will cost to renovate your home, it’s important that you know what specific projects you need to complete before the start date. You can then refer back to these plans when calculating the total costs of building materials and labor. 

 

Commonly, remodeling a kitchen costs more than a bathroom, and installing new fixtures can cost anywhere from $50 to $200 per fixture. You will also need to factor in time spent on design and actual construction.

 

Although there is no “average” cost or number of hours to renovate a home, you should assume that it will take approximately 100 hours of work for each 250 square feet of your floor area. This estimate accounts for the time you will spend in selecting materials, preparing to renovate your home, and actually remodeling the room.

 

If you are are planning on hiring a contractor to complete your project, then there is an estimate for that as well. According to Remodeling magazine’s “Cost vs Value Report” (2010), the national cost per square foot is $25.10. In addition, it takes an average of 94 hours of labor per 250 sq ft of your home’s space. These figures are based on data from remodeling projects that were completed in 2010.

 

As previously stated, calculating the total cost of renovating a home is not an exact science. However, you can use these figures to gain a general idea of what you should be expecting to pay when it comes to completing your home improvement project. After all, roughly 90% of people complete renovations on their home in order to get the most out of their remodeling investment and make improvements that will benefit them for years to come. 

 

The cost of renovating a home is dependent on a variety of factors including the size of your home, the number of specific projects you need to complete, and where you live in relation to area-specific construction costs. 

 

For example, the national average project is 250 square feet and will cost about $25.10 per square foot to renovate. Remodeling’s “Cost vs Value Report” (2010) states that the national average cost of remodeling a kitchen is $20,473. In addition, it will take approximately 95 hours of labor to complete an average kitchen remodel. In total, this provides an estimate of $21,847 to fully renovate your kitchen.

 

Before you start to renovate any part of your home, it’s important to make sure you know what the costs will be for materials and labor. For example, the national average cost of material is $11.31 per square foot. In addition, the annual average hourly cost for a laborer is $27.22 in Michigan and $25.05 in Ohio. This gives an estimate of $17,676 in materials and $21,381 in labor.

 

Once you have calculated the costs of materials and labor for your specific project, you can use these figures to estimate what project will be most cost-effective for your home. In addition, if your home is in a newer neighborhood or an older neighborhood that has been recently renovated, you will know what affordable options are available to you.