The average cost of renovating your home
The exact cost of renovating your house depends on several factors. For example, how much you will renovate, the city where you live, the materials used, what you will replace, etc. The cost will be different if you plan to renovate only your kitchen as opposed to renovating your entire house. However, you can get a rough idea. Here's an example:- $25,000 to $45,000 – repainting your walls and small repairs around the house
- $46,000 to $75,000 – everything above plus the kitchen
- $76,000 and up – everything above plus the bathroom and all the major problems, such as foundation issues, etc.
Finances and paperwork for renovation
The reason for doing a renovation should not be only for aesthetic purposes. Renovation can and will raise the value of your property. For this reason, it is important to plan accordingly. If you ever end up selling your house, you can get ask for more money. First, do market research. See what is currently popular. Then, try to combine your wishes with generally sought-after features. In addition to this, it would be wise to get advice from experts. If you have friends or family members that work as real estate agents, ask for their help. Usually, friends and family members will not ask for money for giving advice. However, experts will, so this is a good way to save money. Also, remember to get all the permission for renovation. Usually, you will have to pay certain fees.Make a list
The cost of renovating your Texas house can be lower if you list important things you need to renovate. Usually, when you start renovating, you discover more problems. Are all of that problems important to do right away? Renovating your home can cost a lot of money, and you need to prioritize problems. Let's say that the power outlet is old, dirty and the plastic is damaged. But the outlet is working properly. That is something that can be replaced later!Planning the cost of renovating your Texas home
If you plan to renovate your home even before you move in, tell your best moving company to deliver your items to your storage unit. You need to protect your furniture when renovating your house. If not, the renovation cost will increase. When planning your budget, start with permission costs. These costs will depend on your location. This means going to your local office and asking employees there. Usually, they are around 250$. Again, this number differs depending on your city, part of the town, state, country, and so on. Then, contact your contractors. Explain to them your plans. These people should come to assess your house, take measures, and so on. If you work in this field, then you already have an idea of your renovation cost. In any case, prepare your budget well in advance. Plan to spend at least 20,000$. And plan to spend money if you have to transfer big and expensive stuff. Piano movers Texas will manage your piano relocation.
Adding an extension & open concept
If your house is too small, you will have problems with storage space. You can rent a storage unit. However, this means monthly expenses. That is why you can add an extension. You will need permission for this feat. Usually, you will spend between $35,000 and $50,000. Again, this depends on the size of your extension and the quality of the materials used. Additionally, an open-concept house has been extremely popular in recent years. You can probably see the reason behind it. It is a big advantage to see your living room from your kitchen, especially when you have guests over or supervising your kids when making lunch. If you want to go for an open space concept, first, see if your home can handle it. If the wall that divides your kitchen from the living room is supporting the entire structure, you need to leave it there.Cost of renovating your Texas house: More numbers
Here are some more to consider.- Rewiring a house – It depends if you will rewire the entire house or just some parts. For this reason, you have a price range from $500 to $4,000.
- Central heating – From $1,500 to $5000. Usually, older houses do not have central heating installed.
- The kitchen – The heart of every house and also the most expensive one to renovate. You will need a couple of thousand dollars.
- The bathroom – The other expensive room. From $2,000 to $10,000.
How does home age affect your renovation?
Older homes tend to hide structural issues that must be addressed when they’re discovered. An old house might have great bones, but installing new electrical wiring to current safety standards is a good idea that could save you money in the long run and save your life. Old installation can be life-threatening. Your constructor will tell you if you need to change that and tell you how much it costs. We already mentioned that it could go up to 4000$. Add 20 percent to your total budget for unforeseen costs like this. New houses usually don’t require new installations.The cost of renovating your Texas home in short
Since you are planning to renovate your home, here are more numbers to consider.- Structural movement – When your house is built on unstable foundations, you need to change it. It is hard to tell the cost since it depends on the condition of your foundations
- Repairing a roof – Again, it is hard to tell. For this reason, consult your contractors
- Timber problems – If your house is mainly built from wood, you might have problems with woodworms, rooting, etc. The cost can go between $600 to $1500
- Repairing or replacing windows – Good insulation is important. It will decrease your utility bills. For this reason, you need to repair or even replace your windows. The cost is between $150 to $2000
- Insulating a house – Again, insulate your house properly. The cost of this job is between $4000 to $13,000
Savings
This is a part where your savings come in help. If you have some saved money in a bank or somewhere else, this is a time to use it. Unfortunately, the current situation in the world is changing and becoming more difficult. A loan from the bank is expensive. Wars, pandemics, and oil and energy crises around the world are shaping our world and causing stagflation. Use your savings, don't borrow money from the bank if you don't have to at this moment. And if you have to, sign a contract on fixed interest. A variable interest rate can be a killer for your wallet. You can call and see if you can pay in a few installments by using moving services and have more money for renovation.
Credit cards: Do or don't
Using credit cards can also be trouble. Charging your house renovation costs on a credit card is not recommended, as credit cards come with high APRs. The average credit card APR in 2022 was 16%. And it is probably going to rise in the future due to crises that are coming. Because of high-interest charges, racking up a high balance on your card could leave you with a big debt that’s difficult to pay off. Be smart when it comes to money. Always request a moving quote New Braunfels so you know how much is everything going to cost.Materials that you can use and lower the cost of renovating your Texas home
When renovating, you can always speak and ask the company you have hired how you can save on materials. Some materials are cheap; some are expensive. For example, Installing hardwood flooring averages between 6$ and 12$ per square foot. On average, wood flooring costs between 3$ and 7$ per square foot for materials and 3$ to 5$ per square foot for labor. An estimate for 1000 square feet of hardwood flooring runs between 6,000$ and 12,000$. Laminate is cheaper and costs about 2.5$ per square foot. For packing your stuff, you can always use the packing services New Braunfels. Try it and see for yourself how helpful it can be.
Request bids from multiple contractors
When moving, you should request at least 3 moving quotes. This way you will know the cost of moving and who is the best mover. The same goes for contractors! The cost of renovating your new home will depend on the contractor. Ask around and look online who is the best and request them to create a bid for your project. When choosing a contractor:- Complete interviews and check their references
- Be very clear about both your project and your budget. If your contractor knows you’re sticking to a tight budget, they will be more likely to talk through additional expenses, project changes, and time delays
- Make sure the contractor thoroughly understands your needs and has a clear idea of how you plan to prioritize parts of the project
- Talk about how you will approach any unforeseen issues and how they will affect your project's budget
Tips for saving on home renovation
When creating your budget, use these tips to reduce your costs of renovation:- Complete demolition yourself - If you’re removing cabinets or pulling up tile as part of your renovation, consider doing this by yourself. As long as there is no expertise required, this is a good way to reduce the cost of labor and save money
- Order fixtures and finishes yourself - Your contractor will probably charge you an hourly fee to do your shopping for your renovation. Be clear about your plans and notify your contractor that you will do this by yourself
- Be your project manager - If you need to hire additional subcontractors for your project, do the selection and interview by yourself
- Do your painting - Having a room painted by a professional can cost $300 or even more. If it is not too demanding and you only use one color, you can do it by yourself. New colors dry fast
- Shop used - Instead of purchasing everything brand-new, borrow used or refurbished items when possible
The cost of renovating your Texas house is different from city to city
Even though from everything we have already said we can conclude that the costs of renovation can't vary significantly if you are renovating in different cities, still in Texas, there are some differences. Of course, as already mentioned, no matter what city you are in, the prices depend on the materials you are going to use, the seriousness of the reparation, the number of rooms you choose to renovate, and if you decide to do it on your own, let a company takes care of it, or you combine the two methods. In any case, you will find out something more about the cost of renovating your Texas house in the:- Boerne,
- Selma,
- Live Oak,
- and Castle Hills.
Renovation costs in Boerne, TX
Boerne is one of the cities that is becoming more and more popular each day. This means that people have started to relocate there and that the real estate market is on the rise. The places have been selling rapidly, so if you have decided to contact Boerne TX movers and relocate there, you need to hurry up. If you don't there is still nothing to worry about, because you can turn any house you buy into the house of your dreams. You should stick to the decision to live in Boerne even if you don't find what you have been looking for and need some additional works to do. It is an incredibly family-friendly city with a great educational system. Boerne is famous for its mix of vintage and new houses. So, which one you choose will determine the costs of renovation. Basically, renovating a house in Boerne will cost $26,207 - $37,996, if you let a company do all the work and you need a complete renovation. Having in mind that the median home cost in Boerne is $442,800, this can look like a big investment, but worth it.Home renovation in Selma
Selma in Texas is another city that has a long history, so if you need to renovate a house there, it again depends on the age of the house and how damaged some features are. One of the best things in Selma, and the reason for which you should contact Selma TX movers and relocate there, even if it means renovating a house, is affordable housing. It is good to know that most of the residents in Selma own their homes and that you can be one of them. The median home value is $213,606, which means that you can save up a bit, and can do all the major remodeling easily. Another good news is that there are many houses that are less than ten years old in Selma. The main repairs that should be done in new houses in Selma are usually bathroom reparations. If a house is almost 10 years old, especially if it is older, these reparations are advisable, even if it seems like they are unnecessary. Also, the costs of this kind of renovation aren't too high. The prices go between $120 - $275 per square foot.
Renovating a house in Live Oak
Among many great places in Texas you can love in, there is Live Oak. This is the place that covers 4.68 square miles and is one of the smallest places in Texas. However, that doesn't mean it is not great for life and finding a permanent home there. When it comes to the price of renovations, the situation is very similar to Selma, since the cities have a very similar vibe and housing. The cost of renovating your Texas house in Live Oak depends on the same factors as elsewhere. However, what can be the biggest advantage of living in Live Oak is the housing prices. The median home price of a single-family home in Live Oak is $170,000, while this price doesn't go higher than $250,000. So, when we have in mind these processes and the renovation costs, choosing to live in Live Oak and contact Live Oak TX movers seems like a good deal. Don't hesitate to take advantage of it.How to renovate in Castle Hills
Castle Hills is one of the oldest neighborhoods but is still changing according to modern requirements. In terms of reparations, there probably won't be much to do if you decide to contact Castle Hills movers and relocate to this place. However, the cost of renovating your Texas house in Castle Hills still should be thought over, because you may want to change at least the looks of your home. In any case, don't spend more than 5% of the buying price on remodeling. Same as in other parts of Texas. renovation costs can go between %10 and %60. Think well of all the changes you have to do and make a plan. Whatever changes you made, even if you don't, Castle Hills is an amazing place to live, especially with a family.Is the cost of renovating your Texas house really worth it?
When we take into consideration all the costs of renovating your Texas house, we come to the conclusion that the changes you want to make are really worth it. Depending on the place, neighborhood, and city, especially on the original price of your house, you are the one who will best decide what to do. You are the one to plan your budget and see if the necessary changes are worth it. However, having in mind all that Texas and its cities have to offer, especially in comparison to the real estate price, there is no reason not to have your dream house.
