Did you know there are an estimated 10 million homes remodeled every year in the US? That’s because almost every homeowner believes their property needs renovation. It’s no wonder the home improvement industry is blossoming. Experts say it will reach a 600 billion market value by 2027.
Remodeling projects are a great way to breathe new life into your home. You can also improve your home’s function and boost its value this way.
Home remodeling Bay Area can be an expensive project. Many homeowners are lousy when it comes to planning or budgeting for renovations. You must understand where most of your money will go when you remodel. This is crucial as some projects cost more than others.
So what is the most expensive part of remodeling a house? This post breaks down the renovation aspects and areas that cost more.
Cost of Remodeling the Heart of the Home
When it comes to renovations, the kitchen is often the gold standard. It’s one of the most expensive home remodeling projects today. This is due to the space’s combination of cabinetry and fixtures. Add in a host of high-performance appliances. You should also factor in the costs of installing plumbing and electrical systems.
Do you want to have custom features? Then prepare to shell out more money. Custom cabinets or high-end finishes cost anywhere from $5,000 to $30,000. Add $3,000 to $10,000 if you want to have granite, quartz, or marble countertops. Premium stoves, refrigerators, and other appliances can cost upwards of $5,000 to $15,000.
Plumbing and electric work is vital to any kitchen renovation. Installing sinks, faucets, and lighting fixtures can add $1,000 to $5,000 to your budget.
Luxurious Bathrooms Come at a Price
A bathroom remodel is another expensive project. Especially if you’re going for some luxury upgrades. Custom vanities and countertops cost anywhere from $2,000 to $15,000. The cost of premium tiles and custom shower installations ranges from $3,000 to $10,000. High-end bathtubs and toilets have a similar price tag.
Plumbing work and electrical upgrades cost $5,000 to $15,000. These are pricey due to the materials and the skilled workers needed. You also need the services of an experienced plumber.
Structural Changes and Additions Are Big Investments
Some home remodeling Bay Area projects demand the addition of some structures. Sometimes these elements might need modifications. These renovations could mean removing walls to expand living spaces. You might want new rooms built or your roofline changed.
Projects involving structural changes are expensive. Adding a new room or extending a space could cost around $20,000 to $100,000. This depends on the size of the room. Removing walls or modifying load-bearing structures costs around $10,000 to $30,000. Prices are often based on the structural integrity and whether there are reinforcements. You should be ready to spend more than $50,000 if you’re extending or changing your home’s foundation.
Structural changes are expensive because of the labor involved. These projects need permits and inspections. It could also entail the installation of elements like beams and reinforcements. This will drive the costs up.
Working on Landscaping and Curb Appeal
Outdoor renovations are also expensive. Landscaping, adding a patio, or building an outdoor kitchen are popular remodeling projects. They also need a large budget. It’s because these projects involve extensive labor. Hardscaping and materials like stone or wood also cost a lot.
You need at least $5,000 to $20,000 for a standard landscaping project. This can go up to $50,000 if there’s extensive hardscaping or water features. You also have to add the price of permits and specialized contractors to the cost.
To Conclude
You must understand which home remodeling projects tend to be expensive. This will help you make a realistic and effective budget. You’ll also avoid unwelcome surprises this way. Kitchen and bathroom remodels are high-ticket projects. So are renovations with structural changes. You should focus on these areas to get the most out of your money.
Helping You Build a Beautiful Home
Pacific Bay Construction is your ticket to having a beautiful home. We’re San Francisco’s premier residential contractor. Our company has been in the construction business for more than a decade. We offer kitchen design and remodeling services. You can also rely on us to do an extensive home remodel. We guarantee excellent craftsmanship every step of the way. You can contact us here or at (925) 775-3173. Reach out now for a free home renovation consultation.
