Average Cost of Home Improvement Projects
Are you thinking about giving your home a makeover? Whether you’re planning a kitchen remodel, bathroom renovation, or even just a fresh coat of paint, it’s important to know how much your home improvement projects will cost before you get started. There are plenty of sites that offer introductions to various contractors for any project under the sun. Sometimes it can be near impossible to get a straight answer on how much something will cost. We’ll try to solve that with our cost estimates – just remember that these are just estimates. Project costs ultimately are specific to the house + project, the home owner, and the location.
Depending on the project, there is a good chance that you’ll get a good ROI (return on investment). A average mid-range kitchen remodel will have an ROI of about 80-85%. This number could be higher or lower depending on a multitude of factors, but in general, most home improvement projects will at least pay for themselves. However, we definitely recommend embarking on some of these home improvement projects so that you can enjoy them too. Too many people only update their home right before they sell it, robbing themselves of the joy of actually enjoying the fruits of their labor.
Here are some average cost estimates for popular home improvement projects:
Kitchen remodel: $3,000 – $20,000
Bathroom remodel: $1,500 – $15,000
Backyard design: $500 – $5,000
Backyard build: $2,000 – $200,000
Turf installation: $5 to $20 per square foot
Paver installation: $6- $20 per square foot
Cement installation: $6 to $8 per square foot
House painting (interior): $1,000 – $4,000
House painting (exterior): $2,500 – $10,000
Window replacement: $1,500 – $10,000
Door replacement (front, exterior door): $3,000 – $6,000
Interior door replacement: $100 – $1,000 (per door)
New stone countertops: $2,000 – $5,000
Carpet installation: $1,000 – $3,000 (for average sized room)
Tile installation: $500 – $5,000 (for average sized room)
Hardwood floor installation: $2,000 – $10,000 (for average sized room)
Cabinet replacement: $3,000 – $15,000
ADU (Accessory Dwelling Unit): $40,000 – $200,000
New copper pipes: $5,000 – $30,000
New roof: $5,000 – $60,000
Solar panel installation: $10,000 – $30,000
New swimming pool (in-ground): $20,000 – $100,000
Fence installation: $500 – $5,000 (per linear foot)
New HVAC System: $3,000 – $60,000
This is just a small sampling of average costs for home improvement projects. As you can see, there is a wide range in estimated prices. The best way to get an accurate estimate for your project is to consult with a contractor who specializes in the type of work you’re looking to have done.
Some of the big factors that make these cost estimates so wide include:
- Location – labor and materials costs will be different in different parts of the country
- House size – a small bathroom will cost less to renovate than a large one
- Scope of work – a simple paint job will cost less than a full gut renovation
- Materials – using high-end materials will obviously increase the cost of any project
- Site access – if a contractor has to walk a long way to get to the worksite, that will add to the cost
These are just average cost estimates for some of the most popular home improvement projects – remember that costs will always vary depending on the specifics of your project. We hope this gives you a better idea of what to expect when planning your next home renovation!
When you are ready, make sure to checkout HomeHub’s directory of REALTOR recommended vendors. HomeHub was created to help people find the best local vendors to help with their home projects. While there are already several resources that allow consumers to search for home services online, many of these are purely marketing engines for vendors that can afford to advertise. In order to bring authenticity back to recommendations, HomeHub utilizes the recommendations of top, local REALTORS® to find the best, local vendor. Many times the best local vendor is a single person who might not have a fancy website or a shiny truck. REALTORS® have always been at the center of the home and are best positioned to know who the best local vendors are.