Whole home remodeling represents an opportunity to create the home of your dreams. Most people assume they need to uproot the whole family in order to obtain a more suitable living space for them. Investing in whole home remodeling allows homeowners to completely transform their properties. It is cheaper than selling the family home and moving to a new one, and it is much less disruptive.
There is a misconception that whole home remodeling is reserved for wealthier homeowners. This could not be further from the truth. When homeowners look into the real costs of whole home remodeling, they are often surprised at how affordable it can be. So, what do you need to take into account when it comes to determining the cost of turning your vision into reality?
What is Whole Home Remodeling?
Whole home remodeling is a broad term for major redesign work at home. The majority of projects involve a living room, dining area and kitchen remodel. However, it can extend to adding additional stories to a property or building an extension.
There are few limits to what can be accomplished when it comes to whole home remodeling. A professional contractor will be able to discuss designs and help homeowners obtain the necessary permits to allow the work to be carried out.
Costs Involved in Whole Home Remodeling
Whole home remodeling consists of a range of costs. During the design stage, a contractor will discuss the costs and possible changes that can be made to potentially lower those costs. For an average 2,500-square-foot property, whole home remodeling can cost anywhere from $15,000 to $200,000. Naturally, structural alterations will cost the most to make.
The Cost of New Appliances
Appliances are perhaps the biggest expense when it comes to whole home remodeling. The remodeling of a kitchen, for example, can see 20% of the cost attributed exclusively to appliances. New appliances from major brands can increase the costs of whole home remodeling by thousands of dollars. Homeowners may want to consider not changing their appliances around or purchasing gently-used appliances if they are determined to keep their costs down.
The Cost of Materials Chosen
The materials decided upon will also significantly influence the cost. Opting for the striking tones of cherry wood for a new set of kitchen cabinets will always cost more than ordinary plywood, for example. Professional contractors, however, will know where to shop in order to get the best deals on the materials chosen by their clients. They will also be able to provide a selection of material options, along with a list of prices.
Many homeowners desire more expensive materials for their whole home remodeling projects, but using them sparingly together with cheaper alternatives can drastically reduce material costs.
The Cost of Labor
Labor costs will be influenced by the whole home remodeling company chosen and the amount of work required. Contractors will provide detailed, upfront estimates before the homeowner agrees to begin the project. While it is possible to reduce costs by selecting a cheaper company, it is strongly recommended to opt for a contractor based on quality, not on cost.
The Cost of Structural Alterations
One of the largest influencers when it comes to cost is whether the homeowner chooses to make structural alterations to their property. True whole home remodeling, whereby every room is transformed, can cost anywhere from $71,000 to $200,000. The costs do not come just from installing or removing walls but from the need to fix or add electrical and plumbing systems.
With regard to extra stories and extensions, there may be application costs for the necessary permits. These costs depend on the property’s municipality.
Older Homes Will Cost More
When renovating older homes, there is a higher likelihood of finding hidden costs when the work begins. This is why contractors recommend homeowners maintain a 20% overflow in case additional work needs to be carried out after the project has begun.
Older homes also need to be brought up to code to ensure they comply with current rules. This may mean installing completely new electrical and plumbing systems.
If the home in question is considered to be a historic home, the municipality may have strict rules on what the owner can and cannot do with their home. Special permits may need to be obtained and additional specialists may need to be called in. The penalties of failing to adhere to these requirements are severe.
Contact the Whole Home Remodeling Experts at Monumental
There are so many different factors that come into play when it comes to the cost of whole home remodeling. The above estimates are extremely broad and should not be taken as immovable.
The only way to find out the true costs of whole home remodeling is to contact the professionals at Monumental. You will be able to put forth your vision and receive a rough estimate of how much it will cost to make your dream home a reality. Contact Monumental Contractors to get started with transforming your home.