​Real Home Remodeling Costs​


​How to find the ​actual remodeling costs in ​YOUR area​

​What remodeling ​cost ​info are you looking for?

On This Page: ​Read about the "Real Home Remodeling Costs"​.​

Summary​

​It's just a fact that homeowners tend to underestimate home renovation costs.​ Discover how to easily find the ​REAL remodeling costs in YOUR area. And, ​learn how to spot "low-balling".

​The Importance Of Knowing Realistic Home Renovation Costs

What is the realistic cost for YOUR home remodeling project?

​So, you'd like to finally get that home remodeling project started that you've had in mind. You've saved some money, gotten a nice bonus from work, or perhaps you're intending ​to take out a home improvement loan from your local mortgage loan company.

Either way, you may be thinking that you're ready to go.

​Have A Cost In Mind?​

Maybe, you've talked with a friend who's done the type of remodel you're interested in. Or, maybe you've read an article on what someone says a kitchen remodel, a bathroom remodel, or a full home renovation typically costs.​

You've now got a data point, and you might think you're all set to talk with a contractor.

Hold-on a minute. Consider this...

Homeowners Tend To Under-Estimate Remodeling Costs

The problem with a friend casually mentioning what he paid - or an article mentioning an average cost for a specific remodel project is that the cost mentioned might not even be close to what you'd have to spend for what YOU want - in your area​. That's because remodeling projects vary in scope, and costs can vary quite a bit depending on where you live in the country.

Remodeling Cost Example​ From The Article

So, let's take the cost from the article and insert it into a real-life situation. Assume it's a kitchen remodel project.

Say, you reach out to three or four kitchen remodeling contractors and ask them to quote renovating your kitchen. You're not going crazy here, but you would like new cabinets, new appliances, new granite counters, tile back-splashes, etc.

Because the article you read said that you can get a nice kitchen renovation for $15K - $20k, you're expecting to see something in that range ​on the general contractor's quote. But, if you happen to be located in one of the higher cost areas in the United States or you want nice wood, appliances, etc., "That kitchen can cost you $50K", says award-winning author & Angie's List "Super Service" General Contractor Michael A. Baum.​

Unfortunately, the idea of moving up is currently under threat due to the recent economic downturn and massive slump in home prices. Today, the decision to sell your property and trade up is no longer as clear cut as it once was. Homeowners are now left wondering whether to stay or go.

Watch-Out For Low-Balling

Beware that unscrupulous contractors will agree to start your remodeling project at the reduced project price - them knowing full well ​they intend to come back to you at some point (& perhaps, several times) and say that they need more money to continue.

Tip - When you opt for a low remodeling cost quote, ​you could end-up spending the same or more than if you had just gone with the contractor offering realistic pricing in the first place. And, you could have enjoyed a much nicer experience along the way.

~ Don Roberts

Imagine this - you're kitchen is completely torn apart after a week or two of demolition. Your contractor tells you he has to put the project on-hold unless he can get more money from you to continue.

What are you going to do? Sue him? Maybe, but that takes time - probably a long time. Get another contractor to step in? You could, but that will probably take longer that you would like - and it will cost you even more. How about just paying the low-ball contractor?

None of these options are ideal - and, all the while, you're either eating ​at restaurants, cooking off a hot plate, or both. 

Tip - What would be ideal is to know the realistic cost of your renovation project AND find a contractor who does what Michael A. Baum does at Baum Construction & Development in Long Beach, CA. Michael guarantees the contract project cost - as long as the client doesn't make changes to the contract or add things along the way.

~ Don Roberts

​The lesson here is to know at the outset what the real remodeling costs are for your area - and to find a general contractor who will guarantee the contract cost.

Realistic Remodeling Costs

Click here to find the remodeling calculators that will dial-in the real costs in your area for custom home construction, full home renovation, kitchen remodeling, bath remodeling, etc. The calculators will provide upper-third, middle-third, and lower-third costs for your area.

Tip - I've heard from multiple General Contractors that homeowners typically end up spending 25% more on a home remodel project than they had expected to. That's because they tend to add things along the way - or the contractor discovers preexisting structural issues that were previously hidden from view​.

~ Don Roberts

It is easy to tell when you need a new configuration or additional space. The question is in how best you can achieve it. Remodeling and renovation are both used to accomplish the objective and each can be effective and satisfying if you do it will all the knowledge that you glean here. Making the right decision will reduce your stress and ensure many years of good living for you and your family.
How to Determine Whether to Renovate or Relocate