Ideas, costs, tips and plans - the information you need for a successful Home Remodeling project
Homeowners have many important questions about their Home Remodeling 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 Remodeling 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 Remodeling project will help you answer these questions. Use this information to develop a budget, bid requirements, hiring contracts and a project plan.
The approximate costs and value of a typical Home Remodeling 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||Remodel all (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||1600 square feet of renovation|
|Material and labor cost||$22,307 - $26,024|
|Material cost||$14,904 - $17,388|
|Do-it-yourself assessment||The typical Home Remodeling project involves tasks that are best performed by experienced professionals. Good quality Home Remodeling requires considerable experience, skill and attention to detail. Do it yourself mistakes are noticeable, may be difficulty to remedy and may actually reduce the market value of the project and your home.|
|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 Remodeling project in an appropriate neighborhood can return 93% or more of its initial cost.|
|First year 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 Remodeling project can return as much as 67% - 78% of its initial cost|
|Green rating||Home Remodeling projects can incorporate renewable or sustainable resources and environmentally friendly materials.|
The following list includes major work tasks commonly performed during Home Remodeling. Use this list to understand the timing and sequence of different steps in the Home Remodeling 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 Remodeling project cost and quality.
Do you expect to spend more than $250 on your Home Remodeling project? If so, it is important create and manage a detailed plan for all project activities.
|Task||Service Provider||Time||Difficulty||Basic Cost Range|
|Prepare Home Remodeling Ideas||Architect||5 to 15 d||$863 - $1,442|
|Create Decorating Ideas||Home Decorator||2 to 15 d||$485 - $809|
|Specify Materials||Interior Designer||2 to 15 d||$216 - $361|
|Prepare Home Remodeling Budget||General Contractor||3 to 5 d||$485 - $809 per project|
|Remove Carpet||Demolition Laborer||1 d||$0.48 - $0.81 per square foot|
|Install Wall Insulation||Insulation Contractor||1 d||$1.18 - $2.07 per square foot|
|Insulate Attic||Insulation Contractor||1 d||$1.21 - $2.18 per square foot|
|Hang Interior Door||Finish Carpenter||1 d||$214 - $367 per door|
|Install Replacement Windows||Finish Carpenter||1 d||$475 - $841|
|Install Door Lock||Finish Carpenter||1 d||$175 - $311 per door|
|Install Molding||Finish Carpenter||1 to 2 d||$3.67 - $6.31 per linear foot|
|Paint Wood Paneling||Painting Contractor||2 to 4 d||$1.89 - $3.23 per square foot|
|Paint Rooms||Painting Contractor||1 to 3 d||$4.54 - $7.72 per square foot|
|Install Wood Floor||Flooring Contractor||1 to 2 d||$9.66 - $16.93 per square foot|
|Replace Thermostat||Electrician||1 d||$168 - $296|
|Install Light Switch||Electrician||1 d||$132 - $222|
|Install Window Blinds||Finish Carpenter||1 d||$79 - $138|
Review these tips, design suggestions, options and lessons learned before finalizing your Home Remodeling project plan.
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