If you’re looking into remodeling your Paradise Valley home, one of the most important pieces of proper planning is looking at the estimated costs. It’s one thing if you’re looking at simply remodeling one room, but another if you’re doing a full home renovation. In order to budget and prepare for the renovation as a whole, take a look at the current numbers for each remodeling task you’re considering.
But won’t everyone’s costs be different? Yes, your home remodeling costs will vary depending on the sizes of each room, the cost of materials, exactly what you’re looking at doing, and also taking into account any potential roadblocks that could come up. You also want to consider the costs of a remodeling contractor in the Paradise Valley and Scottsdale areas.
To help you get an idea of the costs you’re looking at, we’ve put together a guide with everything included. Let’s dive in.
What’s the extent of your remodel?
Are you planning simple interior renovations, or full on exterior and construction updates too? Are you adding on a room or knocking down walls? All of these questions can help you plan for the extent of work that you’re looking at, therefore leading to the cost you can expect to spend.
We’ve put together a list of common renovation projects, what they entail, and what the common costs are:
Structural Renovations, Electrical, Plumbing
Changing the structural layout of any room that requires updates to plumbing or electrical is definitely something that will add to your overall cost. It will require you to hire the extra assistance of a plumber and electrician to be sure that everything is set up correctly. If you’re in need of a plumber, their costs range from $50 to $150 depending on the project and if they charge a flat or hourly rate. If you run into an emergency situation, the costs could run higher. Great place for that budget for unexpected costs!
If you’re in need of an electrician, you’re looking at close to $350 depending on what the job is. They charge an hourly rate and if the work calls for a more experienced electrician, the costs are going to run slightly higher.
For structural changes like an addition to your home, update to your floor plan layout, knocking down walls, or other projects like that, you need to bring in a structural engineer to advise on the task. Safety and accuracy are key when it comes to making these improvements so this is a necessary person to bring in. You’re looking at an average cost of $500.
Adding to your home and knocking down walls
We lightly touched on this when it comes to bringing in the structural engineer to assist on these jobs, however, you’ll also need to factor in the cost of the new walls and also the demolition and removal. If you’re removing a load-bearing wall that the structure of your home is dependent on, you will need new framing and a header beam to continue supporting your home.
If you’re adding a wall and it needs a specific texture to match the other walls, you will need to pay that additional cost because it’s considered an upgrade from a simple finish. If there’s lead in your old walls, there’s is a more precise removal process because of safety conditions.
All of these types of changes to your home can add up to an average of $40,000 depending on the exact changes and circumstances. The range is from around $10k-$100k. When you factor in all aspects of a structural renovation project, the total costs tend to look a lot higher than one would expect. That’s why it’s important to work with a well-qualified contractor to get all of the estimates for all of the intricate details up front. As long as you’re spending the money on high-quality materials and expert work, you are increasing the ROI and the investment will be in your favor once it’s all said and done.
The average cost of adding or remodeling a basement is close to $19,000, with the high end of the range being around $40,000. Because it highly depends on the condition of the job, these costs can vary.
Square footage, along with material purchases, is going to be the main factors in this cost estimate. If you’re looking to save money on this one, you won’t want to add any plumbing into the basement at all. That’s where things start to add up. If you do need to add a half or full bathroom to the basement, that’s when you will be looking at the higher end of the range total.
The renovations that are good for your ROI
If you’re looking to sell your home down the line, these are the popular renovations that are going to give you a good return in the future. The total cost that you’ll be looking at completely depends on the type of materials, appliances, and quality work that you choose to bring in. These are the renovations that will increase value in the eyes of potential buyers.
When you’re remodeling your kitchen, you can expect to pay around $20,000 if you’re following the average homeowners’ renovation trend. If your project is a lot smaller and you’re only making minor updates, your cost can be as low as $5,000. From new cabinets to appliances, to countertops, the cost of your kitchen renovation is entirely in your hands in regard to what you’re willing to spend. The materials that you choose will truly impact the room and will be what ends up getting you that higher value when it comes time to sell.
Here are a few ideas for the different sized remodels you can do in your kitchen:
High-end kitchen: With custom cabinet work, top of the line countertops, new lighting, and the best in appliances, this is where you’re looking at close to $30,000.
Mid-range kitchen: This remodel includes an upgrade to the tile backsplash, new paint, a new faucet and sink, and installation of mid-range cabinets. If you’re doing the flooring and countertops as well and you pick materials that are at a slightly lower price point, your total cost can be around $15,000 or higher.
Small remodel: If you’re simply adding new lighting, switching out a faucet, adding a counter extension, or other smaller projects, this is where your cost will be under $10,000.
Again, the different flooring types that you choose, the different countertop options, and the cabinet choices are going to determine the estimated total for the short term and also the estimated investment return in the long run.
Choosing the right appliances for your upgrade can really make or break the project as a whole. If you’re spending the money on the renovation, you want to pick something that is within your budget, that makes sense for you and your day to day life, will last you a long time, and will give you a good return if you choose to sell your home. You will also want to consider more energy efficient options that are going to end up saving you money on your utility bills.
Although the lower cost is appealing, the most basic appliances may not make the most sense for you and your circumstances. If you’re looking to make a sale soon, you will want to pick the most appealing thing to homebuyers, which is typically a stainless steel, energy efficient option.
If you’re looking at the most basic appliances, your cost is going to be around $200 to $2,500. Slightly more high-end appliances will cost anywhere between $350 and $4,500 depending on the features and brand. Energy star appliances run anywhere from $300 to $4,000. Built-in custom appliances are where you are going to see that cost really increase from there.
Replacing the roof
If you’re replacing or upgrading your roof, you really want to choose the highest quality materials for the best value that fits within your budget in order for it to last on the upwards of 20 to 30 years. You can even choose roofing materials that last closer to 50 years including copper, slate, or tile varieties. When you’re remodeling your roof, you can expect to spend around $7,000 for the job well done. The size of your roof, the materials, and also the general layout of your roof will determine the final costs.
Here are what the different roofing materials tend to cost:
- Wood – $6k – $17k
- Steel finish metal – $5k – $25k
- Copper finish metal – $26k – $40k
- Asphalt – $1.5k – $8.5k
- Tile – $7k – $60k
- Slate – $17k – $110k
Again, these ranges are quite larger, but everything depends on the size of the job, and also the complexity of the work that the contractors will be doing. A well-experienced contractor can walk you through the estimate and how much you’re actually looking at when it comes to renovating your roof in Scottsdale or Paradise Valley.
If you’re replacing your air conditioning and heating units, it’s important to choose one that is high-quality and will end up saving you money on your utility bills. You can also consider the insulation in your home and whether or not that’s something worth addressing at the same time. You’re going to be looking at a range of $1,500 to $5,500 depending on exactly what you’re replacing and if you need new ducts and vents or any insulation. You can also change to solar power, however, your costs are going to run close to $20,000. This, however, is a good investment due to the amount of money you’ll save on utility bills along the way.
(Click here for full Image)
The final costs
Once you figure out what you’re looking at as far as the actual renovations, material purchases, and labor that you’re going to be paying, you need to also consider the permits that you’ll need to get for the project to get started. You will want to get all of these as soon as you possibly can to avoid any delays or increased costs in the end. You can expect these fees to range between $100 and $3,000 depending on the exact renovation and extent of work.
There is a lot of up-front planning and things to look out for when you’re planning your home remodel in Scottsdale, Phoenix or Arcadia. The key to a successful renovation is finding the right contractor for the job. Finding one that knows the market, the homes, and is known for providing reliable service will make the whole process a lot simpler. In order to properly prepare for your home remodel, it’s important to follow the guide we’ve provided to estimate your overall budget and free yourself from any surprises. Stay cost-efficient and work with an expert team by contacting Pankow Construction today.