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Knowing The Cost Of Home Remodeling

By Expert Author: Gary Mang

Money measures everything, from getting a huge house, making major remodeling to your house, to buying really extravagant car; it is an undeniable fact that money could make some things better particularly in building and remodeling a house. Knowing the cost of remodeling is a hard task, it requires time to talk with different home remodeling companies and asking for quote and estimation. Estimations would be based upon the contractor’s remodeling strategy or what kind of style you wanted to achieve. Example, there are Home remodeling Griffith, IN that offer a complete home make-over for almost the price of a new build home. Remodeling could be costly and in order to learn about the average cost of home remodeling, in this article we would discuss to you the ways of knowing the proper calculation of costing of a home remodeling.

Average amount spend of different home owners in 2013
According to remodeling home network, in Indiana, the average job cost of an attic bedroom is about $48,000 and it has a resale value of $34,000. Compared with last years’ result, the change in the numbers increased the resale value against the job cost that recoup by almost 72%.
The resale value and the job cost of the home remodeling became significantly higher due to the rising number of projects that that rendered during this year, meaning, home remodeling have gradually increased and more homeowners are now more open for home renovations in their house.

Average home remodeling rate
The cost of remodeling would depend on the customer and their specific desires for the remodeled space. A simple way to compute is to: square footage multiplied by estimated cost of materials and labor, etc. The average homeowner’s cost per square feet is from $ 100 to $700 with the $100 on the low and $700 on the higher end.

Average National Cost per Square Foot
This is the average national cost per square foot charged by home remodeling companies to their clients. This is based on the national cost per square foot in different home remodelers from free-lancer to professional team of home remodeler.

Repair: $ 15 – $40
Repair and remodel: $20 - $50
Substantial remodel: $50 - $200
Rehabilitation: $60 - $250
New addition without plumbing: $100 - $150
Remodeling/Addition with Bathroom: $125 – $200
Remodeling/Addition with Kitchen: $250 - $300
With both Kitchen and bathroom: $250 - $300
New deck with steps and rails: $20 - $30

Average ranges for Remodel Projects
According to the national remodel price, specific room addition or remodel price for a certain area is:

Kitchen price range is from: $15,000 - $45,000 while its average is - $26,888
Bathroom price range is from: $7,000 - $20,000 while its average is $11,600
Living room price range is from: $50,000 - $90,000 while its average is $70,000

Factors that affect cost
Average homeowners costs fall from $100 - $700 per square foot. The reason why this amount differs is because of the services needed by the customers. If you wanted to save more money per square foot, you need to remember to consider these factors

Quality of material – Low grade, Mid Grade and High grade
Furniture to add – Furniture can make your home remodeling price doubled.
What features and materials are needed to be replaced?
Repairs – would depend upon the value of the damage and what kind of repairs are needed

The calculator

There is home remodeling calculator available on the Net, this calculator would help a home owner to have a heads-up on the renovation cost, and this works the same as estimation. This is a detailed home remodeling tool that would allow the contractor and the homeowner to know the estimated cost of home renovation and to know what kind of work the client would want. This detailed calculator have complete details from the roofing and exterior doors.

The best way to know is free, no-obligation estimates offered by local home remodeled in your area or ask for a home remodeling calculator from these contractors. Knowing the price would give you heads up on what you would spend particularly on home renovation.

“I don’t care too much for money, for money can’t buy me love” this is a line from the song, can’t buy me love by The Beatles. It is a fact that money can’t buy you love but in opposite to that quote, we can define that money could help you get a beautiful furniture, nicely remodeled house and very fashionable kitchen that would give you joy after you obtain the beauty that you wanted.

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