We would all love the ability to renovate our houses whenever we get tired of seeing the same old thing. Unfortunately, expenses are all too real, and the only way to avoid them is to refrain from incurring them at all. Some projects do tend to take up more money than others, however. If you plan to renovate soon, you should understand what kind of monetary situation you’re getting yourself into. Here are some of the home areas with the largest renovation expenses to look out for.
Kitchen
Your kitchen will always be a room where a lot of extra work needs to take place. Your appliances alone make the renovation process much more difficult and time-intensive. Fully gutting your kitchen could cost you tens of thousands of dollars as you move elements like water lines and gas lines. If you want to renovate your kitchen, prepare yourself for a large expense.
Bathroom
Bathroom remodels, especially with fancy add-ons like spa amenities or large showers, can cost quite a pretty penny if you’re not careful. Despite often being a smaller room, a remodel often requires you to move or replace water lines and electrical wires. This kind of work often translates to higher renovation costs.
Floors
One area with a large renovation cost is your flooring. Flooring gets surprisingly expensive, especially if you opt for higher-end options like hardwood or tile. The labor involved in tearing up the old flooring can also skyrocket the price. Of course, these prices are completely subject to the square footage of the area you want to replace. The larger the floor plan, the more it will cost to redo.
Windows
Homeowners will often replace their windows to improve their home’s energy efficiency. It’s a good thing this renovation provides that benefit, as replacing your windows can cost you thousands of dollars depending on the material you use. A cheaper material like vinyl will save you some money, but fully wooden windows can quickly drain your bank account.
Roof and Siding
Whether you hire a professional for your roofing or decide to do your own siding work, the cost can quickly go over what you’d prefer. This is a popular renovation for house flippers because it can drastically improve the home’s outside appearance. However, replacing a roof or redoing exterior siding can cost thousands of dollars and quite a few hours of labor for a quality job.
