How Much Do Home Renovations Cost?

Maybe you’re looking to upgrade your kitchen to granite countertops, new cabinets, open shelving, overhaul the plumbing, and a sliding-door pantry to entertain your neighbors in style. Or maybe you’re hoping to expand your living room or ground floor to accommodate your growing family. You may even have a few more home remodeling ideas you plan on tackling alone. 

Whatever the reason, it’s fairly simple to ascertain the cost of remodeling a house at face value—simply account for the costs of supplies and labor. Home improvement costs will also vary depending on your location and the type of renovation project you’re tackling—house renovation cost in New York won’t be the same in San Francisco. However, you’ll also want to consider how much time your home renovation project will take to determine whether it fits your lifestyle and family.

Average Cost of Common Remodeling Projects

So how much do home renovations cost? You can often find national data on average home renovation cost based on popular renovations—you can even narrow down the search to your zip code for more accurate numbers.¹

The database identifies exactly what was included in each estimate. Typically, these costs cover everything from demolition to installation, as well as costs of finishings and fixtures based on current trends. 

Top Remodelicts by Cost

Below, you’ll find the 2022 average house renovation cost along with return on investment in terms of increase in home value.

Doors and windows are priced in the following ways on average:

• Steel front door replacement – $2,206 with a 63.8% return
• Garage door replacement (two-car) – $4,041 with a 93.3% return 
• Vinyl window replacement (10 double-hung 3×5-foot) – $20,482 with a 67.5% return 
• Wood window replacement (10 double-hung 3×5-foot) – $24,388 with a 66.3% return 

External surfaces, like roofs and outdoor walls, are priced as follows: 

• New roof with asphalt shingles (3,000 square feet) – $31,535 with a 59.6% return 
• New metal roof (3,000 square feet) – $51,436 with a 54.8% return 
• Manufactured stone veneer (300 square feet) – $11,066 with a 91.4% return 
• Fiber-cement siding replacement (1,250 square feet) – $22,093 with a 68.3% return 
• Vinyl siding replacement (1,250 square feet) – $18,662 with a 67.2% return 

If you’re adding additions to your home, consider the following average costs: 

• Wood 16×20-foot deck – $19,248 with a 64.8% return 
• Composite 16×20-foot deck – $24,677 with a 62.1% return 
• Master suite (midrange) – $175,473 with a 53.4% return 
• Master suite (upscale) – $356,945 with a 46.3% return 

For those looking to go into bathroom remodeling, keep the following numbers in mind:

• Bathroom remodel (midrange) – $27,164 with a 58.9% return 
• Bathroom remodel with universal design (wheelchair-accessible) – $42,105 with a 56.7% return 
• Bathroom remodel (upscale) – $82,882 with a 53.5% return 
• New bathroom (midrange) – $63,986 with a 51.8% return 
• New bathroom (upscale) – $114,773 with a 51.5% return 

A beautiful kitchen renovation project typically differs depending on complexity:

• Minor kitchen remodel (midrange) – $28,279 with a 71.2% return 
• Major kitchen remodel (midrange) – $80,809 with a 56.1% return 
• Major kitchen remodel (upscale) – $158,015 with a 52.5% return 

Is the Average Cost What You’ll Pay?

How can you interpret these home remodeling prices for your budget? Besides finding the averages for your zip code, consider: 

• Square footage of your target space
• Your preferences for standard versus luxury finishes
• Whether you’ll handle some or all of the labor yourself
• The need for customization of cabinetry or fittings for unusual spaces
• Whether you’ll save by opting for salvage or second-hand fixtures

How Can You Save Money on Home Renovations? 

So you may be wondering how to plan a home renovation project? Renovations are often presented as a choose-your-own-adventure situation, where you can opt for two out of the three classic elements: quality, speed, or savings. Keeping your house renovation budget low may mean spending more time researching and completing a project or selecting a simpler solution. 

That said, consider the following when embarking on your renovation adventure: 

• Your time and labor – Can you tackle some of a remodeling project, if not all of it? For instance, if you hire a general contractor, can you reduce the total cost by doing some demolition yourself? 
• Friends and family know-how, connections, and resources – Are there tools or labor skills you can borrow, or do you have access to discounted or at-cost materials? 
• Trusted contractors – If a home renovation isn’t in your skillset, invest the time to find a trustworthy general contractor through recommendations, interviews, and reference-checking. 
• Off-season deals – If you’re willing to give up speed, see if you can save money on a remodeling project scheduled for a slow season or fit in around other projects. 

What Services Will You Need? 

Staying within your renovation budget means careful planning from the start and understanding what you’ll need to buy, rent, or borrow. Investigate: 

• How-to videos and articles
• Local building regulations for your neighborhood
• Project plans, including specific access needs for your property

Common renovation equipment and services include: 

• Hand and power tools
• Protective gear
• Dumpsters and garbage removal for demolition 
• Temporary storage for furniture and belongings in the new construction zone
• Equipment to provide additional power and lighting
• Protective barriers, such as temporary fencing, plastic sheeting, and carpet covering
• Access assistance, such as lifts and ladders

ASAP Marketplace: Helping You Save 

Building your home value with equity is a smart way to save, but if you’re planning a major house renovation and cutting remodeling costs, you’ll need more resources than your toolbox. 

ASAP Marketplace works with homeowners to provide direct access to a network of 3500+ vendors for the services that contractors typically provide: dumpsters, storage containers, construction equipment, junk removal, temporary fencing, and more. Because we support projects and bids of all sizes—from commercial construction to massive events—we offer homeowners pricing and services typically provided only to large builders. 

Contact us today to use our online order system or talk to an ASAP Advisor who can help you identify project needs that stay within your budget. 

 

Sources: 

1. Remodeling. 2022 Cost vs. Value Report. https://www.remodeling.hw.net/cost-vs-value/2022/