3 Things To Know About Remodeling Your Home

If your home is outdated or if you simply aren't happy with the way it looks, a home remodel may be the right option for you. Home remodeling can make your property more comfortable to live in and can also add value. Remodeling is also something that you may want to consider if you plan on putting your home up for sale in the near future. A remodel, especially in certain locations, can help you get top dollar for your home. If you are thinking about home remodeling, here are three things to keep in mind.

The Cost

If you are looking into a home remodel, there are a variety of options to consider. Remodels can range from minor updates to full scale overhauls. Due to this range, the cost of your remodel will vary depending on what changes you make and the extent of your remodel. The national average for a home remodel is $46,204. The range for home remodeling is typically between $18,467 and $75,439. A minor remodel may cost just a few thousand dollars while a high end remodel can cost tens or even hundreds of thousands of dollars.

Return on Investment

If you are looking to sell your home at some point in the future, you will want to carefully consider the return on investment for any home remodeling that you do. The return will vary depending on the location of your home and the local real estate market. A few home updates that tend to have a high return on investment include minor bathroom and kitchen remodels, major bathroom overhauls, landscaping, window replacement, and deck additions. Home remodeling contractors will be able to advise you on the remodeling projects in your area that tend to offer the best returns. 

How Long It Will Take

How long your home remodel will take will vary depending on the extent of the remodel and the size of your home. Remodels can take anywhere from a few weeks to a few months. The updates you decide on will also have a big impact on your timeline. A kitchen renovation will take between 8 and 12 weeks on average, while a bathroom remodel will typically take 2 to 3 weeks. Discussing the timeline with your contractor is key.

If you are remodeling your home, there are a few things to keep in mind. First, costs can vary greatly but most remodels will cost tens of thousands of dollars. If you are planning on selling, you will want to consider your return on investment for your home remodel. Timelines for remodels can also vary from just a few weeks to a few months.