The average cost to remodel a house is $15 to $60 per square foot or $20,000 to $100,000 for completely renovating a 3-bedroom home. Only renovating a kitchen or bathroom costs $100 to $250 per square foot. A kitchen remodel costs $10,000 to $50,000, while a bathroom remodel costs $5,000 to $25,000.
Hire general contractors instead of unlicensed handymen for large home renovation projects. After creating design plans with an architect or interior designer, a general contractor gets the permits, arranges subcontractors, buys the building materials, and handle inspections. Design-build remodelers take care of the whole process from design to installation.
Hiring a specialized contractor is recommended for specific projects like installing fixtures, roofing, or kitchen cabinets. Minor updates may require an interior designer to plan, while large projects likely require an architect or a structural engineer to plan and create architectural drawings.
Remodeling contractors plan, manage, and install cabinets, flooring, tiling, light fixtures, windows, countertops, knock down or replace walls, painting, replacing plumbing fixtures, and adding other finishes. Remodelers can completely change the look and floorplan of a home or individual rooms.
Most remodeling projects have a 50% to 85% return on investment. The top remodeling projects that return more than 85% of your investment are siding replacement, garage door replacement, a new bathroom addition, and replacing windows and roofing.
Home loans such as the FHA 203(k), 203(b), and Fannie Mae HomeStyle loans let you borrow money to purchase a home and fix it up. Other options include home equity loans, cash-out refinancing, and personal loans.
Home remodeling costs for homes that are used as personal residences are not tax-deductible. However, home improvement expenses help reduce the amount of taxes you owe when you sell the house for a profit. Remodeling costs are tax-deductible for a home office or if modified for disabilities.
Some states offer tax rebates by making your home more energy-efficient or by installing solar panels.
Hiring a local home remodeler requires planning accordingly, asking questions, and learning their work process. Choose the best home remodeling contractor by:
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