Most people who decide to renovate their homes are faced with bitter-sweet emotions. You are investing in your home and returning it to its former glory, and that will make you feel great. But, until you can reach that phase, you will have to do a lot of physically challenging work. Be sure that renovating a home is not a job for the weak. However, hard work is not the only thing associated with renovation and remodeling – so is the price of all the renovation costs! And, that is the part that most people fear the most. But, do not worry. That is why we are here! So, if you are interested in home renovation costs of some of the most common renovation projects, and how not to bankrupt during this process, keep on reading.
Cost of Paperwork
Home renovation is a wide term. You can pretty much decide to renovate any part of your home – the kitchen, bathroom, office space, or you can stick to smaller projects like repainting, changing the windows, repairing the roof, etc. But, for most of the projects, one thing is for sure – you must take care of all the paperwork! Yes, paperwork is usually considered as an additional fee, but do not overlook it! It can easily add up, and cost you a lot more than you expected.
For instance, building renovation fees can cost anywhere from $100 up to several thousand dollars. Thus, before you start any large project, be sure to talk to a local contractor. He or she will probably be able to tell you how much you will have to pay, based on past renovations. Yes, dealing with the paperwork can be dull, long, and expensive, and budgeting was not as good as you thought, but it can all be resolved with proper planning. Thus, plan ahead of time.
Cost of Adding an Extension
Adding an extension to an existing home is a rather popular project. It gives people the much-needed space in their home and it increases its general value. That all sounds great until you reach the price part. Adding an extension is one of the most expensive projects. First, you will have to get planning permission, which again can cost anywhere from $500 to 1500$, depending on the project and your location. Then, you have to pay for the contractor and all the materials needed. Approximately, building just one extension, a room of 13 by 15 feet, will cost you between $40,000 and $60,000. Of course, this is the price of an extension with an excellent finish, but if you need just something basic, you can probably get away with $20,000.
Cost of Going ‘Open Plan’
Again, it is needless to say that creating an open-plan, or open-concept living space, is one of the most satisfying renovations nowadays. For this project, you will have to take into consideration several things that need to be paid for. The first one is the cost of a contractor, a building surveyor or even a structural engineer. They must check whether the wall you plan on knocking down is not one of the main supporting walls. That service costs from $650 to $1300. Then, you will have to get a planning application which will cost you around $200. Finally, you will need to hire workers to remove the wall, remove the rubble to a skip and rewire electricity if necessary. Knocking down the wall costs approximately $4000, a skip around $2000, and workers, well you will have to ask them in person, as their prices vary the most.
Cost of Repairing the Roof
Probably the most dreaded home renovation project is repairing the roof. To be honest, nobody likes that. But, it is just something that has to be done if you do not want your home to be wet and cold. So, if you notice that your roof is damaged, better start repairing it soon! The sooner you start, the more money will you save. Thus, how much money does it actually take to repair the roof? Well, the price depends on the type of tiles you have.
For instance, if you have clay tiles, you will have to pay around $50/square foot, and if you have concrete tiles around $20/square foot. If you have a flat roof that needs to be repaired, it will be cheaper, at around $15/square foot. Yes, looking at all these numbers might give you a headache, but, remember that your roof is one of the most important features of your home as well as a great investment idea.
Cost of Redecorating
Redecorating a home is the part most people get excited about. It is fun, rather cheap, and something that will simply change your everyday life for the better. However, when we say it is cheap, we mean cheaper than all the others, previously mentioned renovation projects. And, the cost of redecorating is the one that can vary the most. Of course, it all depends on the project you want to take. For example, if you only want to repaint all the rooms, plan on spending around $500 for materials and a decorator. If you want to change the floors, well, that price can be anywhere between $5 to $30 per square foot. The cheapest materials you can use for flooring are laminates, and the most expensive are probably the real stones.
Author Bio: Stephanie Collins has been working for a moving agency called mod-movers.com for the last 6 years. She specializes in long-distance moving. Before that, she used to work as a professional decorator, and now, during her free time, she writes useful blogs that aim to help people save money on various different home renovation projects. Stephanie is also a wife, a mother of two, and a dog owner.