Instead of moving, some people are choosing to stay and remodel. I'm considering this myself. I think its a great idea but the $$'s can be a little unrealistic when I try to figure out what I'll spend. This article from Good House Keeping seems to be pretty accurate and deals with the two major areas most people think about when remodeling, so I'm sharing it with you.
Kitchen Remodeling
$15,000 to $45,000 Compiled from the Remodeling Magazine annual "Cost Versus Value Report," Case/Design of Baltimore; Freddie Mac; and Remodel magazine interviews
Kitchen Remodeling
Price Range:
$15,000 to $45,000 Compiled from the Remodeling Magazine annual "Cost Versus Value Report," Case/Design of Baltimore; Freddie Mac; and Remodel magazine interviews
Average Project Price::
$26,888 (Source: National Kitchen & Bath Association)
1. Cabinet styles and finishes:
Cabinets usually account for one-half of a kitchen's total cost, so choices here significantly affect the overall budget. Stock cabinets cost $50 to $200 per linear foot. Semi-custom cabinets with more finish and style options can cost two to three times more, and custom cabinets often cost five times more than stock cabinets.
2. Sink:
Options here range from enameled-steel units costing $100 to $200 to stainless-steel units costing $200 to $2,000 and cast-iron units running $200 to $1,200.
3. Cabinet features: Adding special features such as roll-out drawers and wine racks may be desirable, but add quickly to increased cost.
4. Refrigerator: While a basic, freezer-on-top model costs around $500 to $600, choosing a built-in or commercial-style unit can push the price past $4,000.
5. Countertops:
Laminate ($10 to $50), solid-surfacing ($100 to $200), and natural stone such as marble or granite ($150 and up) are priced by the lineal foot. Ceramic tile is in the same price range as laminate, while stainless-steel and concrete countertops run $10 to $20 and $60 to $130 per square foot, respectively. Note: all prices are for materials only.
Bathroom Remodeling
Price Range:
$7,000 to $20,000 Average Project Price: $11,605
1. Sink Faucet:
A basic chrome, two-handle faucet costs $60 to $100, while upgrading to a brass, chrome, nickel, or other high-end faucet raises the price to $300 or more.(* What really surprised me were the costs for the Rubbed Bronze fixtures and I also had them install a huge shower head and hand held rinse as well. Just on the hand held, it took the price from $200 to $350. My husband wanted the 5 little jets on the spa shower so we splurged. When you've waited a long time for something..the question sometimes becomes unrelated to the cost.
A basic chrome, two-handle faucet costs $60 to $100, while upgrading to a brass, chrome, nickel, or other high-end faucet raises the price to $300 or more.(* What really surprised me were the costs for the Rubbed Bronze fixtures and I also had them install a huge shower head and hand held rinse as well. Just on the hand held, it took the price from $200 to $350. My husband wanted the 5 little jets on the spa shower so we splurged. When you've waited a long time for something..the question sometimes becomes unrelated to the cost.
2. Flooring:
At $3 to $12 per square foot, ceramic tile costs roughly three times what vinyl flooring does. (*although we chose Travertine Tile, after seeing some of the new vinyl floors, I think I could have lived with them. Unfortunately, they weren't available when we remodeled.
At $3 to $12 per square foot, ceramic tile costs roughly three times what vinyl flooring does. (*although we chose Travertine Tile, after seeing some of the new vinyl floors, I think I could have lived with them. Unfortunately, they weren't available when we remodeled.
3. Shower Enclosure:
Choosing a 36-inch square or angled shower in acrylic orfiberglass will cost $300 to $1,000. Teaming solid-surfacing shower walls with a shower base kit can push the price to $2,000.
Choosing a 36-inch square or angled shower in acrylic orfiberglass will cost $300 to $1,000. Teaming solid-surfacing shower walls with a shower base kit can push the price to $2,000.
4. Bathtub:
A basic 5-foot tub costs $100 to $150; budget five to 10 times that much for a basic whirlpool tub.(*when we remodeled our upstairs bathroom, I decided on a soaking tub and that was around $800.00.
A basic 5-foot tub costs $100 to $150; budget five to 10 times that much for a basic whirlpool tub.(*when we remodeled our upstairs bathroom, I decided on a soaking tub and that was around $800.00.
5. Toilet:
Plan on spending $100 to $200 for a traditional white, two-piece toilet, but budget $800 to $1,400 for a one-piece contemporary model in designer colors. We chose a two piece toilet but it sits higher than the average toilet and more comfortable and not that much more expensive.
Plan on spending $100 to $200 for a traditional white, two-piece toilet, but budget $800 to $1,400 for a one-piece contemporary model in designer colors. We chose a two piece toilet but it sits higher than the average toilet and more comfortable and not that much more expensive.
