How Much Should You Pay For A Remodel?
That’s a very good question, and one we hear a lot. Of course, each project has its own specific price based on product choices, size of remodel, and many other individualized factors – that means we cannot give you an exact answer for your project until we talk to you.
But we can give you some general guidelines and show you some examples, which you will find below. But first here are a few tips when thinking about remodeling pricing.
Judge On Price Alone?
The first thing we recommend is not deciding based on price alone. Taking the lowest price for a remodel is kind of like walking onto a car lot and insisting on buying the car with the lowest sticker price no matter what. That car might not be a very good long-term value!
It is important to look at the total picture, including asking if the quality of the finished remodel is likely to greatly enhance the quality and attractiveness of your home and increase its value.
For example, selecting inferior products will sometimes save some money initially, but then these products will either need to be replaced sooner or will impact the overall value of your home.
Be Thrilled With The Results
The old saying “you get what you pay for” really is true. If you want a top quality premium remodel with results that make you very happy, seek out a company that proves it can deliver amazing results.
Speaking of results, expect one result to be a real, measurable increase in value for your home. According to hard data collected annually by Remodeling Magazine in their respected Cost Vs. Value Report, upgrading your home can significantly increase home value.
One of the useful features of this report is it allows the data to be sorted by city. You can use this link to see data from the Pittsburgh area. As you will see, the increased value of a home makes the “real” cost of a remodel much less when factored against a rise in home value.
General Pricing Guidelines:
Price Ranges for Kitchen Remodels
- Partial Kitchens starting at $15,000
- Entry Level $30,000 to $50,000
- Mid-Range $50,000 to $80,000
- Upscale & Premium $80,000+
Price Ranges for Bathroom Remodels:
- Partial bathrooms starting at $7,500
- Small bathrooms $15,000 - $25,000
- Medium bathrooms $25,000 - $40,000
- Large bathrooms or premium amentities $40,000+