A Home Improvement project can be exciting when families transform old rooms into new spaces designed for spending time together. A place to gather each day before work or school, or a place to enjoy special occasions such as parties or Holidays.
Home Improvement may also be necessary and inevitable, especially if you are going to live in your home for several years. Choosing the right remodeling company and figuring out a reasonable budget is the first step in getting it right the first time.
Houzz has recently released a great article entitled “How Much Does a Remodel Cost, and How Long Does It Take?” which has sparked a lot of interest from both Homeowners and Professional Remodelers. The study doesn’t actually answer the question, but rather gives some insight into other Remodeling Projects.
Crunching the Figures
Even before digging deeper into renovations, it is important to understand what the statistics say. According to Houzz, 31% of homeowners take on renovation project without a pre-set budget. Another 31% exceed the budget with only 3% coming under budget. This only leaves us with a meager 36% that stay on their budget.
Looking further into the figures, it was discovered that the average money by homeowners with no budget is $44,100 while $52,300 was the average spent by homeowners who stay on budget. Those who exceed their budget spend an average of $83,400.
So, How Much Is The Cost?
The cost of home remodeling cannot be stated without looking into the factors that determine it. The very first one is the cost of the work that needs to be done. Another factor that is worth noting is the section of your home that needs to be renovated. Ideally, many home remodeling projects cover the bathrooms and the kitchen and this demand alone is enough to put the remodeling costs of these sections high above the other sections of the house.
It is also seen that the materials and technology used in the process also dictate the cost. For example, the cost of remodeling a hardwood floor is significantly different from that of a tiled one, and so is the case with a tiled roof against other types of roofs. Generally, the higher the cost of the material used, the higher the remodeling cost.
So, What’s The Duration?
As a homeowner, you want your home remodeling process to be carried out within the shortest time possible. Just like the cost, the duration of remodeling your home will be closely dictated by the scope of work and the more the work, the longer the time it takes. You may also find the size of your house as another factor to determine this. A smaller house tends to be renovated much more efficiently.
We’re Here to Help.
At Scott Hall Remodeling, we employ a systematic process to budget – design – plan – schedule – deliver – and warranty your project. It’s called Design Build. Design/Build is a proven philosophy of delivering construction projects in which the Contractor is the Project Leader and a single source of accountability to the homeowner. Design/Build, when carried out by a skilled and experienced team like Scott Hall Remodeling, provides the highest level of satisfaction and value to the homeowner.