Each room of a house boasts its own challenges when it comes to conducting renovations. With that in mind, these rooms also present unique cost ranges.
Bedroom
The bedroom is a particularly budget-friendly renovation, as these projects typically do not require the rewiring of electrical fixtures or the rerouting of plumbing pipes. A standard bedroom renovation costs $1,200 to $6,000, with most requiring new paint, flooring and the work of an interior designer. If you plan on going through with major structural changes to expand a bedroom, or even create a new one, the price goes up.
These larger projects can cost up to $40,000, as you’ll need permits, plenty of contractors, an architect and a structural engineer.
Bathroom
The bathroom is one of the pricier rooms to renovate, especially if you’re changing the locations of fixtures like bathrooms and sinks. The cost to remodel a bathroom ranges from $2,500 to $30,000, with an average price of $70 to $250 per square foot. If you’re keeping the same layout and even some of the same appliances, your costs will fall on the lower end of that range. Obviously, if you’re changing the floor plan and adding new fixtures, that costs more.
Living Room
It costs $2,200 to $16,000 to remodel a living room area, depending on the complexity of the project and the size of the space. This makes it one of the lower-cost renovation options, as living rooms don’t typically have plumbing fixtures or cabinets. However, you’ll pay more when applying a new floor plan, complete with demolition and electrical upgrades. Additionally, costs add up with the inclusion of new entertainment centers and lighting schemes.
Kitchen
The kitchen is generally considered to be the most expensive room in the home to renovate. This is due to all of those appliances, cabinets and related fixtures, each of which ramps the price up. Kitchen remodels cost anywhere from $12,000 to $60,500, with an average price of $27,000. However, that average uses data from the most expensive renovation projects, which drives the average up. If you aren’t changing the floor plan, with all of the associated demolition in addition to electrical and plumbing work, you’ll end up on the lower end of that price range.
Basement
A basement remodel can get pretty expensive, particularly if you’re refinishing the space to make it a living area. Finishing a basement costs $4,700 to $41,000, with an average price of $22,850. However, basement refinishing offers a decent ROI, so you can recoup much of these costs if and when you sell the home, plus you get to use the space in the meantime. You can also go for a partial finish to save some money, or just lay down a coat of paint and a rug.
Garage
A garage renovation is a particularly popular project, as it can add some actual living space to the area. Garage renovation costs anywhere from $3,000 to $30,000, with an average price of $11,000. Like most remodeling projects, the cost fluctuates depending on the complexity of the job. An average garage remodel includes a new floor coating, paint and updated cabinet storage. More advanced jobs include replacing the garage door or completely changing the space from a garage to a living area, like when finishing a basement.
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