Pall Spera Company Realtors-Stowe, VT
Pall Spera Company Realtors-Stowe, VT
Teresa Merelman, Broker, Pall Spera Company Realtors-Stowe, VTPhone: (802) 793-5171
Email: [email protected]

How to budget for house renovation costs

by Teresa Merelman, Broker 09/06/2023

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Many homeowners wonder, "How much do house renovations cost?" While the answer can be different for every project, there are some common factors you can use to estimate the cost of your own home renovation. 

Whether you're intending to save money on anything from a whole house renovation to a simple bathroom renovation, it pays to know how much you'll pay.

Cost to completely renovate a house

Average house renovation costs range anywhere from $15,000 – $200,000. The list of variables involved in determining the cost for a full home renovation is exhaustive, as many expenses depend on entirely unique situations.

Generally, the final cost will depend on the types of structural changes required, the price of materials and labor per square foot, location and any unforeseen problems that might arise during the process.

Renovating a house by room

If you're renovating a home room by room, contractors usually recommend dividing the rooms into two categories: dry and wet.

Dry rooms are those without any plumbing work involved, such as bedrooms, offices and living rooms. Wet rooms involve a water source and include kitchens, bathrooms and even outdoor rooms.

Dry rooms usually require fewer steps to completely renovate, while kitchens and bathrooms need more than just new walls and flooring. 

Home renovation costs by project

The most common renovation projects include:

  • Kitchen remodel.
  • Bathroom remodel.
  • New flooring.
  • Window replacement.
  • Roof replacement.
  • Exterior painting or siding repair.

Any room remodel typically involves painting walls and floors, installation of insulation, drywall molding and door replacements and crown molding.

Other costs, like furniture moving, contractor fees and temporary lodging also factor into your final budget. Average home renovation costs can also vary drastically from one location to the next, and depend on the type of property you own.

Infographic

To get the clearest sense of how much your project will cost, consult multiple contractors for estimates. By shopping around for the best deal - and best financing options - you can make the best possible decision for your financial future.

About the Author
Author

Teresa Merelman, Broker

 Teresa's beginnings were at Fort Belvoir, Virginia. She was child #5 of 8 and born into an Air Force family that moved all over the United States but usually ended up back in the Washington, D.C. area. Teresa attended Miami University in Oxford, Ohio and received her bachelor's degree in business from George Mason University, in Fairfax, Virginia. Some of her prior careers include: computer buyer in Fairfax, Virginia; Deputy Clerk at the U.S. District Court in Denver, Colorado; Police Officer in Steamboat Springs, Colorado; and Bed & Breakfast owner in Stowe, Vermont. Teresa obtained her license as a Realtor® in 1998. She has been through many ups and downs in this profession and continues to learn every day. She very much enjoys the real estate profession and the wonderful people she has met and assisted along the way. In order to serve her clients and customers, Teresa continually attends classes and seminars. Some of her Designations and Certifications include: 

  • ABR - Accredited Buyer Representative (2003)
  • CBR - Certified Buyer Representative (2000)
  • e-PRO - Internet Certified Professional (2001)
  • CNHS - Certified New Home Specialist (2005)
  • CRS - Certified Residential Specialist (2005)
  • AHS - Accredited Home-Stager Specialist (2008)
  • TRC - Transaction Referral Certification (2009)
  • RSPS - Resort and Second Home Specialist (2009)
  • GREEN - NAR's Green Designation (2009) 
  • SFR - Short Sales & Foreclosures Certification (2009) 
  • SRES - Senior Real Estate Specialist Designation (2012)
  • AHWD - At Home With Diversity (2021)
  • SRS - Seller Representative Specialist (2021)

Teresa has also served and continues to serve on several boards:

  • Lamoille Area Board of Realtors - President and Board of Directors
  • Vermont Association of Realtors - Board of Directors
  • NEREN (MLS) - Board of Directors and Shareholder 
  • Vermont Real Estate Commission - as a member of VAR's Liaison Committee
  • Stowe Vibrancy - Board of Directors - this is a volunteer group that promotes activities in the Village of Stowe

In 2007, Teresa was named Vermont Realtor of the Year.Teresa and her husband, a local attorney, moved to Stowe in 1987. They had two sons and Stowe has been their home for the past 36 years. She still feels the Stowe area is a wonderful place to raise a family, there's always something going on. Teresa can often be found behind the lens of her camera documenting the beauty of the area and its many events.As an update, Teresa's older son is now a Doctor/resident at the University of New Mexico's Emergency Management Program. Her younger son graduated from James Mason University and currently resides in Chicago, IL as a supervisor for OKTA.