Home Project Summary

Renovate Home Interior

Ideas, costs, tips and plans - the information you need for a successful Home Interior Renovation project

February 2011

Homeowners have many important questions about their Home Interior Renovation Project. How much will it cost? How long will it take? What problem areas do I need to watch out for? Can I recover my Home Interior Renovation investment when I sell? Can I do some of the work myself? What can I do to make sure that the work is done right?

Costs, materials and best practices for the example Home Interior Renovation project will help you answer these questions. Use this information to develop a budget, bid requirements, hiring contracts and a project plan.

Use the following information to understand your options, make good decisions and get quality work at a fair price.

Home Interior Renovation - Project Overview

The approximate costs and value of a typical Home Interior Renovation project are summarized below. Use higher estimates for larger metropolitan areas and the lower estimates where home prices are below the national average. Adjust costs for substitutions or refinements in the last section. For size differences of up to 25%, scale total costs in direct proportion to the size of your project. Use the adjusted costs as a basis for setting a material budget and for comparing contractor bids (if you choose to have a professional perform the work).

Project description	Renovate existing rooms other than kitchen and bathrooms. Update molding, flooring, doors, switchplates and decorative hardware. Add built-in speakers and modern recessed lighting. Install new window treatments. Use above average grade of materials, fabrication and installation quality.
Project size	2000 square feet of renovation
Material and labor cost	$22,905 - $26,723
Material cost	$16,533 - $19,289
Do-it-yourself assessment	The typical Home Interior Renovation project can be completed by a moderately skilled do-it-yourselfer; as with any project, high quality Home Interior Renovation requires attention to detail and careful planning.
First year Return on Investment - ROI	Results vary widely and can be affected by the range of home prices in your neighborhood, the overall condition of your home and sensible design choices. A high quality Home Interior Renovation project in an appropriate neighborhood can return 93% or more of its initial cost.
Long term Return on Investment - ROI	Returns will be impacted by the range of home prices in your neighborhood, the overall condition of your home and sensible design choices. A high quality Home Interior Renovation project can return as much as 67% - 78% of its initial cost
Green rating	Home Interior Renovation projects can incorporate renewable or sustainable resources and environmentally friendly materials.

Home Interior Renovation - Proven Ideas and Project Tips

Review these tips, design suggestions, options and lessons learned before finalizing your Home Interior Renovation project plan.

To maximize return on the Home Interior Renovation project, limit cost to no more than 4.5% of home's total, post project value
For best home resale value, follow a consistent design and decorating theme throughout the home
To keep Home Interior Renovation costs low, do not move walls or relocate plumbing fixtures or electrical boxes
For best resale value, select a taste neutral design for your Home Interior Renovation
For best resale value, select components, appliances, finishes and fixtures of comparable quality
Recess speakers into walls or ceiling to share media system access and create room ambiance
Use separate, individually controllable lighting circuits for ambient and task lighting
Use low voltage interior lighting to illuminate pathways used at night
Use underfloor electrical receptacle(s) to provide interior portion of room with cord free electrical power

Home Interior Renovation - Project Plan and Details

The following list includes major work tasks commonly performed during Home Interior Renovation. Use this list to understand the timing and sequence of different steps in the Home Interior Renovation project. Click any Task name for a complete written specifications, FAQs and quality checklist for the task - this essential information will help you control Home Interior Renovation project cost and quality.

Task

Service Provider

Duration

Do-it-yourself difficulty

Target cost

Prepare Home Decorating Ideas

Interior Designer

4 to 10 d

Level 3 - Complex, Difficult

$760 - $1,269

Create Interior Design Plan

Interior Designer