Home Renovation Costs & Factors that Affect It—
Home renovation is an exciting idea for most homeowners who want to go with the flow of the times and keep their abodes updated with new styles when it comes to architecture and interior design.
Although the idea of renovating a home may spark the interest of many, the home renovation costs that come with it are not so appealing especially to those considered as “average-earning” homeowners – and this is largely the reason why most people forgo renovating their houses until enough money is saved. Actually, home renovation will not burn a very big hole in a homeowner’s pocket as long as one knows how to estimate the cost of the project.
Having a good understanding of the factors that affect the renovation costs will help a homeowner in planning the whole renovation process so that it will fit his/her budget.
Home Renovation Cost Factors
The following are the factors that affect home renovation costs that each homeowner who is interested in breathing new life into their home should know and understand well.
#1 — Size of the House
The size of the house that needs to be renovated should be taken into consideration. The bigger the house, the higher the costs. On the other hand, there are instances wherein not the whole house but only parts of it (perhaps the kitchen or the living room) are the only ones that need the renovation. In either case, whether the whole house must have the makeover or just a particular room, the size or the area (usually in square footage) that needs the work must be taken into consideration when calculating the cost.
#2 — Scale of the Project
The scale of the project refers to the amount of work to be done in renovating the house. Does the plumbing of the house need to be replaced or relocated? Do the existing rooms need to be readjusted or do whole new rooms need to be added to the house? Usually, the scale of the project is referred to in two terms. Small projects or minor fixes are referred to as “mid-range projects” while big fixes are called “upscale” or “major renovation projects.” Without a doubt, upscale projects cost more.
#3 — Materials
The choice of materials also greatly affects the total cost of a home renovation. Definitely, high-quality materials or fixtures cost more. Cheaper products, on the other hand, may not last as long. Do some research and ask for expert advice when selecting products for your home renovation project.
#4 — Project Region
The over-all home renovation costs differ from region to region in the US, and even vary within each region. For example, costs will differ from one city to another such as a construction project in the Twin Cities costing more to complete than one in the Saint Cloud area. To get project estimates that are accurate in a certain area, it is wise to obtain prices from home remodelers of that particular locale. It is also advisable to check Remodeling Magazine’s website for information and the Central MN Builders Association website.
#5 – Contractor’s Value for the Project
The contractor’s quote for the project will greatly affect the cost. That is why it is essential to find a contractor who does quality work for a fair and reasonable price. We suggest that you get a detailed bid that tells you exactly what you are going to get for the price. Avoid shady contractors (at all costs!) who give you vague bids. And remember, the lowest price on a bid is not always the best deal, so do your research and choose your central MN general contractor carefully.
All of these home renovation cost factors are really important in determining the overall cost of renovating a house. Indeed, some home renovation costs can be daunting to consider. But a wise homeowner considers these factors well and uses them in planning, and by doing so won’t have a hard time accepting and working within an established project budget!
Craig at Schoenberg Construction is one of the best General Contractors in St Cloud. Craig always gives honest, fair bids with no lowball, fake pricing, plus there’s no sales pressure, EVER. He never uses cheap materials and never engages in sloppy workmanship, and his company is known as one of the top home renovation companies in the Saint Cloud Minnesota area because he INSISTS on doing every job EXACTLY right.
Give him a call today at 320-252-0911 for your no-obligation consultation.