7 Ways to Renovate a Home

If you're planning a building project, we recommend starting as early as possible in the season, preparing for potential price fluctuations, and allowing extra time to order materials. Depending on your creditworthiness, you could borrow a personal loan to pay for Home Renovations. A personal loan is an installment loan that you’ll pay back over a set period of time with fixed monthly payments.

Cost differences are based on the size of the space and whether you're remodeling an attic that's already a living space or if you're completely renovating and finishing a bare-bones attic space. Including a bathroom as part of the bedroom suite will also increase the overall cost. The most significant variable in your renovation’s price tag is the size of the space. It can range from $10 to $60 per square foot, but that estimate can shoot up to around $150 per square foot if you choose high-end materials and top-of-the-line appliances. Home renovations and remodels average $47,996, with most projects falling between $17,909 and $78,207.

Upgrade your home’s cooling and heating systems for a fail-safe investment that will increase its value. So for instance, if you have a total budget of $30,000 USD, take 15% of that, which is $4,500, and add it together for a total budget of $34,500 USD. You can also contact your insurance company to ask about what renovations they’ll approve for coverage.

As you plan your renovations, keep in mind that the remodeling price tag for no single room, except the kitchen, should exceed about 10% of the house’s current value. Kitchen renovations are more costly and, in some cases, can exceed 15% of the home’s value. Demand for siding and other building materials has grown over the past year. Prices have gone up 5% to 10% this year, and many parts of the country are experiencing long delivery times.

Code regulations might not matter as much for smaller projects, but for larger renovations, they can lead to delays that drive up your labor costs.. The cost of labor includes more than just the wages of the people doing the work, says Anna Karp, CEO and co-founder of New-York based design, architecture, and build service firm Bolster. If you want to find the latest trends, as well as information and ideas on materials, furnishings, and projects, then be sure to check out the blog at Houzz.

An added countertop overhang allows guests to sit closer to the bar. A single non-load-bearing divider wallcuts the large closet in half and turns it into two smaller closets, half serving one bedroom and the other half for the bedroom on the other side of the wall. By taking down that middle wall, she instantly doubled her closet space. Ramshackle GlamThis homeowner studied her closet and realized that it, like many closets in bedrooms that share a wall with another bedroom, is essentially one closet.