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What Is The Average Cost To Renovate A House?

The Cost of Renovating a House in ’23

Are you considering renovating your home? If so, you’re not alone. Home renovations are becoming increasingly popular, as more and more people are looking to update their living spaces.

Before you begin the renovation process, it’s important to understand the average cost to renovate a house. In this post, we will discuss the various costs associated with renovating a home, from gutting to remodeling.

What Is Your Goal?

The degree to which you remodel a home will depend largely on why you are renovating. If you are updating an old home you love and want to live in for years to come, you may be all in on ensuring the home will be beautiful and structurally sound for decades.

If you plan on selling, your plans will likely be very different. You may want to uplift the landscaping, update dated bathrooms, paint the walls, and modernize the kitchen.

average cost to renovate a house

Whatever your goal, below will give you an idea, based on national averages, what varying degrees of home renovations can cost.

Average Cost To Renovate A House

Area Of HomeAverage Cost
Full Remodel (low-end)
$15,000 – $40,000
Full Remodel (mid-range)
$40,000 – $75,000
Full Remodel (high-end)
$75,000 – $200,000
Exterior Remodel
$6,000 – $20,000
Roof Repair/Remodel
$5,000 – $11,000
Kitchen Remodel
$10,000 – $50,000
Bathroom Remodel
$5,000 – $25,000
Bedroom/Living Room
$1,500 – $10,000
Basement/Attic
$20,000 – $80,000

Cost To Renovate A Single Family Home By The Foot

Obviously, the larger the footprint, the higher the overall cost of renovation will be. Larger homes tend to be in more affluent neighborhoods and generally will be updated with higher priced flooring, lighting fixtures, and appliances.

Square FootageAverage Cost
1,200
$20,000
1,500
$30,000
1,800
$45,000
2,000
$50,000
2,500
$62,000
3,000
$75,000
3,500
$87,000
4,000
$100,000

Cost To Renovate A Single Family Home By The # Of Bedrooms

# of roomsPrice Range
2 Bedrooms
$15,000 – $75,000
3 Bedrooms
$20,000 – $100,000
4 Bedrooms
$40,000 – $180,000

Cost To Renovate By The Room

On average, kitchens and bathrooms tend to cost more to renovate. Plumbing and appliances contribute largely to the higher remodeling prices. Also, kitchens and bathrooms are prone to water damage which can drastically increase the repair costs of any home.

Room TypeAverage Price Range
Living Room
$2,500 – $10,000
Bedroom
$1,600 – $5,500
Kitchen
$10,000 – $50,000
Bathrooms
$5,000 – $25,000

If you are considering rennovating your property in anticipation of selling, you may consider speaking with an ibuyer like Property Buyer Today who will make a cash offer on your home. This could save you quite a bit of money and time. Contact us today for a no-obligtion offer to purchase your home.

Stats from homeguide.com

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