Understanding Remodeling Costs: Key Factors to Consider
When planning a remodeling project, two critical elements influence your overall cost: the scope of work and your material selections. These factors play a significant role in shaping your budget, and it’s essential to make informed decisions during the early stages of planning.
At Remodeling Contractors, our expert team guides you through a comprehensive Pre-Construction process to ensure that the scope of work and material selections align with your financial goals. By evaluating your vision alongside practical considerations, we help you make the best choices without compromising on quality or functionality.
Determining Your Remodeling Budget
The fastest and most reliable way to estimate your budget is by leveraging historical data. Over the past four years, we’ve tracked costs across a variety of projects, and we use this real-world data to provide you with an accurate cost breakdown.
Below, you’ll find a chart that represents actual costs from real-life projects, giving you a clear idea of what to expect based on different scopes of work and material selections. Whether you’re planning a kitchen renovation, bathroom remodel, or a whole-home update, this data serves as a valuable starting point.
| Low | High | Average | |
| 1st Floor | $73,843 | $216,972 | $141,236 |
| 2nd Floor | $103,395 | $195,133 | $135,419 |
| Addition | $157,578 | $263,459 | $210,519 |
| Basement | $58,568 | $182,113 | $61,654 |
| Bathroom – Small | $22,410 | $48,884 | $28,352 |
| Bathroom – Large | $39,858 | $68,593 | $61,654 |
| Deck | $18,521 | $61,240 | $36,760 |
| Garage | $38,185 | $53,147 | $45,665 |
| Kitchen | $63,193 | $104,806 | $82,907 |
| Laundry / Mudroom | $14,157 | $22,680 | $18,419 |
| Living / Dining | $22,013 | $58,670 | $40,342 |
| Master Suite | $44,097 | $103,396 | $89,196 |
| Outdoor Space | $37,241 | $78,453 | $54,156 |
| Seasonal Porch | $57,347 | $161,614 | $73,471 |
| Siding / Roofing | $4,189 | $23,610 | $17,181 |
| Whole House | $189,234 | $455,321 | $309,994 |
| Window / Door / Skylight | $9,990 | $59,390 | $14,407 |
Resources for Determining Cost vs Value
Another great resource for determining budgets and the return on remodeling investments is the Remodeling Magazine Cost vs Value report. This independent resource is great for calculating how much value a remodel will add to real estate.
After the initial consultation our team will get to work drafting a few options for you to review, writing your project’s scope of work and creating a detailed estimate that is as accurate as possible. Before we leave the initial consultation, we will schedule a second meeting at our office within a 1 to 2 week time frame. We will use this 2nd meeting to present our concepts and estimates for your remodeling project as well as providing options to stay within your budget.