How Much Does It Cost to Renovate a House?

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Whether you’re buying a new home or looking to transform your existing home, it might be time for a makeover. So how much does it cost to renovate a house? As you might expect, there is no easy answer. “Normally, scope is the cost driver. Limited-scale projects cost less,” said Aaron Enfinger, secretary of the National Association of the Remodeling Industry (NARI) and COO of the Cleary Company in Columbus, Ohio. When determining the cost of remodeling a home, you also need to consider the materials – of course, some high-end finishes are more expensive, which will drive up your home renovation costs. Then there are a lot of additional expenses to consider. To help you set a budget for your home remodel, we’ve prepared a handy guide that breaks down some of the common costs associated with renovating a home.

Estimates by room type

Certain rooms tend to cost more to renovate than others, depending on the work that needs to be done. “Most commonly, the complexity associated with a kitchen renovation or bathroom remodeling, due to the high plumbing and electrical demands, means these spaces are the most labor intensive of home renovations, requiring the highest levels of thought, craftsmanship and problem solving.” says Stephanie Bullwinkel, Member of the National Kitchen and Bath Association of Imperial Kitchens and Baths, Inc. of Brookfield, Illinois. “That makes them — along with prices for cabinets, counters, backsplashes, fixtures, and appliances — the top home renovation spend.” Of course, you can always change the scope of the project, appliances, and finishes to increase costs in these spaces reduce.

In general, you can expect the following costs when renovating a home:

Kitchen: $10,000 to $50,000

Bathroom: $9,000 to $20,000

Bedroom: $10,000 to $15,000

Living room: $5,000 to $10,000

Dining room: $2,000+

Office: $5,000

Attic or basement: $12,300 to $33,300

Foyer: $1,000 to $10,000

laundry room: $2,000+

Wardrobe: $1,000+

Garage: $3,000 to $15,000

Estimates by project

Aside from room renovations, there are many other projects associated with home remodeling. Here’s what you can pay for some of the most popular, although it’s entirely possible for a project’s total cost to fall well above or below these numbers.

Canopy: $20,000+

Outer paneling: $14,000+

Window: $8,500 to $20,000

Terraces or Decks: $2,000 to $11,000

Central air conditioning: $3,800 to $7,600

Furnace or heat pump: $2,800 to $7,500

Cost estimate per square meter

The size of your home is, perhaps unsurprisingly, important when determining the cost of remodeling your home – rooms with more square feet generally fetch higher prices for renovations. Here’s a breakdown of the average renovation cost per square foot of floor plan in a home or specific space, but please note that these areas typically run higher in metropolitan areas with a higher cost of living.

Whole house: $10 to $250 per square foot

Kitchen: $100 to $250 per square foot

Bathroom: $120 to $275 per square foot

Living room: $10 to $60 per square foot

basement: $100 to $300 per square foot

Total expenses for the renovation of the house

According to a 2022 Houzz study, the average national spend on home renovation projects in 2021 was $18,000, with the 90th percentile spending $100,000. Houzz reports that renovation spending is highest among recent homebuyers ($30,000), followed by short-term homeowners ($19,000) and long-term homeowners ($15,000). HomeAdvisor, on the other hand, found that most home renovation costs range from $17,947 to $78,308, with a national average of $48,049.

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