The benefits of remodeling your house are plenty. You stand to increase the value of your home and enhance its beauty. In some cases, home upgrades will improve your safety and security while in the house.
Anyone who has attempted a house remodeling project before will tell you that it is no small feat. The costs will shoot up as you factor in each room, and at some point, you may feel like giving up. Although the cost to remodel home interior can be costly, you can control the spending by creating a budget and prioritizing.
Have you ever wondered what it would cost to remodel home interior? If so, keep it here as we break down the costs and give you the scoop on how to go about it the right way.
Factors To Consider When Remodeling Your Home Interior
You spend a significant amount of your time indoors, so it only makes sense that you would want to create a relaxing and comfortable environment. Before you start making any changes, here are some factors you need to consider:
When making significant changes in your house, you need to come up with a budget lest you start only to get stuck midway because your funds have been depleted. First, understand the scope of work you want to do, then come up with a budget. A budget will help you manage the cost to remodel home interior and avoid any spillovers or overspending, especially if you are operating on a tight budget.
Decide whether you will be transforming all the rooms or just a few of them. Look into the average costs to get an estimate of the amount of money required. Once you come up with a budget, look into your funds and start adding or removing sections you consider relevant or not needed. When budgeting, a good tip is to have a backup fund so that if you experience any delays or the cost of materials fluctuates, you will have a pool of resources to pull from.
Get Required Permits
Depending on your remodeling project, your state may require you to obtain permits to carry out specific projects. For instance, if you plan to interfere with the structural integrity of the house, you will need permission before proceeding.
It would be best to familiarize yourself with all the council’s regulations and adhere to them to avoid delays. The last thing you want is to be slapped with hefty fines that could cause a dent in your already tight home remodeling budget.
DIY Or Go Professional
It can be a daunting task when trying to minimize the cost to remodel home interior. However, you will find that some projects are quite easy and you can do them yourself. For instance, if you want to upgrade your kitchen cabinets, you can paint over them instead of hiring a painter and saving on labor costs. You, therefore, need to decide which tasks you are comfortable handling and those that you need to leave for the professionals.
If you are not sure you can handle the task, do not attempt to fix anything, as you may end up causing more damage and attracting unnecessary costs that could have been avoided in the first place.
Have A Plan
Renovating your house can be exciting, but don’t get carried away with the excitement and jump into remodeling without a clearly outlined plan. Do some research and talk to people who have renovated their homes. Their input will put things into perspective and help you know what to expect. As much as you want an upgrade, remember to be realistic. Only include achievable tasks in your plan and prioritize. It is better to do the remodeling project in phases rather than piling on tasks, depleting your funds and leaving projects unfinished.
Advantages Of House Remodels
Improve Your House’s Functionality
If you bought your house, remodeling will give you a chance to customize your home according to your tastes and preferences. You can leverage this chance to enhance functionality and make it more enjoyable.
There are endless opportunities to do custom home remodels, such as creating more space, incorporating technology, and updating beautiful finishes.
Increase Your Property Value
Hiring remodeling contractors is an excellent addition when remodeling your house. Although they can substantially increase the cost to remodel home interior, the end result will be an increase in your home’s worth. In addition, if you ever plan to sell it, you stand to gain more than the initial buying price.
Lower Your Energy Expenses
Think about the huge electricity bills that you pay every month. What if you could do something about them? Well, with a house remodel, the electricity bill could substantially decrease and save you expensive monthly costs. You can upgrade your lighting fixtures or upgrade kitchen and bathroom appliances to be more energy efficient.
You can also insulate your walls to help with the regulation of temperature and avoid overusing your HVAC unit to save on electricity costs.
Sometimes, as you accumulate household items, your house tends to feel a bit crowded. You can create more space by doing a remodeling project. For instance, you can choose to renovate your attic to serve as an extra storage space or add shelves in certain areas of your house to ease the crowding.
Change of Style
With the growing demand for smart homes, old traditional homes are slowly becoming phased out to give room for new upgrades. If you feel your traditional house is no longer serving its intended purpose, you can switch it up for a new one through a home remodel.
A home design and remodeling expert can help you develop a layout to accommodate the new style that suits your needs and preferences. The process involves designing and building your home afresh to fit into the unique style. A design-build contractor is essential in this process to ensure the structural integrity of the building is upheld.
Revives Your House
A remodeling project can help bring your property back to life. Over time, homes undergo wear and tear and become dilapidated. Experts can assess the house and identify any weak spots due for repair and suggest the necessary upgrades.
The upgrades will enhance and extend the life of your property while making it aesthetically pleasing. A simple garage door or lighting installation can greatly improve the appearance of your house. Contact your local garage door company for quotations and available designs.
Areas To Consider For Your Home Interior Remodel
Every homeowner has a list of the areas they would like to upgrade in their home. Some of the common areas include:
- Living room
The living room is considered the centerpiece in any home. You spend a significant amount of time in the living room so it makes sense that you would want to give it a facelift. When undertaking a remodeling project, you need to consider the layout and the size of the room. Remember, minor changes have the potential to create a big impact, so do not ignore minor home improvements.
For instance, a fresh coat of paint can drastically change the appearance of a room. Also, consider the floors. Hardwood flooring is quite popular but extremely expensive to buy and maintain. When factoring in the cost to remodel home interior, consider durable, affordable flooring solutions. This will prevent you from going above the budget or limiting your other remodeling projects.
Kitchen remodeling costs vary depending on the size, design, and materials used. When you factor in labor costs, the expenses go up. A medium-sized kitchen can cost an average of $30,000 and go up with more custom jobs needed. Unfortunately, labor is one of the biggest expenses when it comes to the cost to remodel home interior. However, if you possess the necessary skills, you can save on the costs and do it yourself. For instance, you can change the kitchen countertops, replace faucets, and paint the walls.
If you don’t have the ability, you can talk to kitchen remodelers to plan and design a layout for your kitchen. Once you have decided on the plan, you can begin with the remodeling project for your kitchen.
Generally, rooms with fewer fixtures are easier to remodel and cost less than other rooms. The average cost to remodel your bedroom could start from $5,000. However, the price will fluctuate depending on several factors such as cost of materials, cost of labor, and the extent of the remodeling project. Your bedroom is where you feel the most comfortable and is considered a sanctuary for most people. When remodeling your bedroom, consider changing the light fixtures, flooring and painting the walls. You spend a considerable amount of time in the bedroom so you might as well invest in it.
To save on the cost to remodel home interior when it comes to your bedroom, consider using recycled fixtures and painting the walls yourself.
A standard bathroom remodeling project costs at least $ 120 per square foot. A huge chunk of the budget is directed towards the installation of new fixtures such as bathroom cabinetry, tiling, flooring, and painting. If you include more aesthetic fixtures such as a vanity set, mirrors and change the faucets, the cost to remodel home interior could go up.
For enhanced functionality, take this opportunity to check your plumbing connection, and no leaks are detected. You save on the costs of calling plumbers again when you are done with the remodeling project.
Depending on your vision, your basement can be remodeled to become an additional room in your house. You can convert it to a man cave, office, or extra storage space. The ideas are endless. The remodeling costs start from $25 per square foot and goes up depending on the layout and installations.
How To Pay For Your Home Remodel
If you are low on finances, you may be a bit skeptical about remodeling your house. However, there are many financing options that you can explore to help you sort out the expenses. Some of the financing options include:
Home remodel loans – these are unsecured loans with no collateral requirement. They are ideal for small remodeling projects such as a bathroom makeover or basement upgrade given their short repayment period.
Rentals – Construction materials are generally expensive and can bulge your remodeling budget. Instead of buying new equipment for a job worth a few days, it would be best to consider construction equipment rentals from your local contractor companies to save on costs.
Government loans – if your home remodel project falls under the category of home improvements that qualify for government loans, you can apply and use that money to pay for the remodeling.
Home Improvement Grants – various non-profit organizations and the federal governments offer home improvement grants as long as the homes meet certain conditions. You can always check for eligibility and apply for the grant. If selected, you won’t have to worry about limited funds for your remodel project.
A home remodel project can dim your hopes of upgrading your home, especially if your funds are limited. However, with a proper plan in motion, a budget, and some DIY skills, you are good to go. Usually, you can get away with some simple jobs such as painting to save on costs and channel them to another remodeling project. If you still don’t have enough funds, you can explore alternative financing options such as home improvement grants and get your project rolling. Remember to be realistic and concentrate on priority areas. There is no harm in remodeling in phases as you plan to secure more funds.