The biggest concern people have when it comes to renovating their homes is the cost. A home renovation can turn out to be very expensive is not properly planned. Each renovation is also quite different, and the costs, therefore, differ widely.

One thing to keep in mind is that renovation of a larger house will most likely cost more, although that mustn’t be the case. We are going to explore a couple of common renovation steps, and how much they are likely to cost.

Permits

You’ll certainly have to spend on some renovation permits. These permits differ from one local government to the other. You should have all the permits before commencing any works to avoid fines. The average cost of getting renovation permits in the USA is $911. 

Demolishing Walls and Adding Square Foots

Most people renovate homes when they need more space. Creating more space is arguably one of the costliest parts of a home renovation. Depending on the contractors available to you, knocking down walls will cost anywhere between $300 to $500. The cost will include demolishing the wall and removing the debris.

There are many factors that could affect the price. For instance, you can expect the price to go up if the wall has mechanical systems in it. The price might also go up if load-bearing walls have to be demolished.

The average cost of demolishing and adding a square foot of space in America is $40 915. It could be as little as $5000, and it could be as much as $100000. It all depends on how much has to be done, and the cost of the materials to be used.

Electrical and Plumbing Systems

These systems are essential in every house, and you’ll most likely have to retouch them in a full house renovation. For plumbing works you may spend up anywhere between $45 to $150 per hour, depending on the caliber of the plumber.

Electricians work in similar fashion as plumbers. Hiring an electrician might cost you between $50 and $100 per hour. Keep in mind that you’ll spend more on buying materials. The cost of materials widely differs depending on what has to be replaced and the quality of the materials bought.

There are many other aspects of a home renovation that will affect the final cost. The three above are just the basics. There’s the roof, HVAC systems, kitchens, bathrooms, appliances, and furniture. The prices of renovations on these differ very widely. The exact cost depends on the materials and the size of the space in question.