While others will give you a price bracket that may or may not be fitting for your home, our experts have joined their heads together to give you a broken-down home customization cost.
This way you can see what each sub-project under the mega home renovation project will cost you.
It will allow you to set a realistic home renovation budget and get your Instagram-worthy dream home without any issues.
Whole House Renovation Cost 2024
The first thing to consider when calculating the home renovation budget is the expense factors.
Once you have a clear idea about the parts that make up the customization cost, it will be easier for you to calculate the estimate and set a budget.
So without further ado, let’s get to it!
Expense factors in home renovation
Size of The House & Complexity of The Design
Understandably big structures and complex projects will be more expensive than the renovation of a small house.
So, if you wish to customize your big living room and spacious kitchen, the cost of materials and in turn, the costs of labor will add up as well.
If you’re incorporating a grand staircase, or getting a customized TV wall built in the house, the costs will naturally be higher.
The first step to calculating the home customization cost is to make a list of everything that you wish to be changed.
Apart from the major structural changes, you also need to factor in the interior design elements.
For instance, if you want to add statement lighting to your room, it will contribute to the cost.
Curtains, drapes, kitchen bar stools, cabinetry, and bathroom amenities, all contribute to the interior design.
You can also hire an interior designer to help you plan this part of your home customization.
They might cost around $100 to $1,000 per room, depending on their expertise.
Exterior Decor
Since we’re talking about the customization of the entire house, you cannot forget about the exteriors.
The costs vary based on the type of structures or amenities you plan for your home’s exterior.
Think garden, driveway, pool, or landscape when you’re planning this aspect of your home’s renovation.
The more complex your project is, the greater time and expertise it will require.
Therefore, the cost of labor will vary based on the two mentioned factors.
To get the best labor for your project, make sure to shortlist 5-6 contractors based on their expertise and project portfolio and choose one that resonates with you.
This is one factor that most homeowners forget when budgeting for a whole house renovation.
Permits and fees are a contributor to the expense. Although the costs might not be too high, it is important to factor these in and clear the legal aspects and permission requirements before you start building.
Otherwise, your building process will face hiccups which will lead to a rise in costs.
Components of the base house cost
Roofing Installation
If you’re thinking of a major renovation, roofing installation or replacement is one major expense.
Not only will it add to the integrity of your home, it will also elevate your home’s curb appeal.
The cost lies between $2 to $6 per square foot depending on the roofing materials you use.
A base house cost also includes the flooring cost. Depending on the type of material you choose, this expense can vary greatly.
Laminate floors cost around $0.70 – $3 per square foot.
Natural wood costs around $4 – $15, while marble is more expensive with costs reaching around $17 per square foot.
Lighting
Lighting is what will illuminate your home’s interiors and majorly contribute to the look of your house.
Statement pieces cost anywhere between $500 – $1500.
However, the installation costs of lighting fixtures is also expensive as experienced electricians can take around $100-$150 for small fixtures and $500 – $1,500 for large fixtures like chandeliers.
Explore GeorgeIntl’s custom home lighting solutions!
The way you want your walls to be enhanced also adds to the cost.
You could choose wallpapers, paint, or crown molding to beautify your home’s interiors.
Paint is the most inexpensive option of the three with DIY paint jobs costing around $380 and professional painting costing around $25,000 for a large-sized home.
Apart from the major structural changes, you also need to factor in the interior design elements.
For instance, if you want to add statement lighting to your room, it will contribute to the cost.
Curtains, drapes, kitchen bar stools, cabinetry, and bathroom amenities, all contribute to the interior design.
You can also hire an interior designer to help you plan this part of your home customization.
They might cost around $100 to $1,000 per room, depending on their expertise.
Whole House Renovation Cost
If you’re renovating an old home, your renovation cost might be higher as you’ll have to invest in laying a structure for most parts of your home and plumbing.
However, if your home is not dated, but you want to transform it to look like one out of a magazine, it will cost you considerably less comparatively.
So, your whole house customization costs might vary from anywhere between $20,000 to $88,000. Based on our breakdown structure, you can get an estimate to set your budget.
You can also contact the professionals at George Intl’ to get a free quote for your home’s customization.
They have a range of projects under their belt including small home renovations and villa-scale renovations.
Plus, they have a network of suppliers and laborers, allowing you to get the best price for your renovation plans.
