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Calculating Your Home Remodeling Costs
Calculating the cost to remodel or renovating your home can vary
by region and season. In areas where labor costs are tight or where
there is a lot of home construction activity, your remodeling costs
may be high.
Another factor which may determine the remodeling costs is the
type of renovation you are looking to have completed. Expanding
your home's physical structure is more costly than making an internal
home remodeling change as some expansions may require roof extension,
exterior siding, insulation, wiring and plumbing, and room decorating.
Calculating the Costs of Remodeling requires pricing the following:
— construction materials
— construction labor
— permit fees
— decorative enhancements
— repairs due to remodeling
— cleanup
Your contractor should be able to provide these costs when they
submit a bid. Make sure you review the bid carefully to ensure that
all the following costs have been included:
- All required permit fees.
- Labor costs and total hours required. Make sure costs include
payroll taxes and workers' compensation insurance.
- Tools and construction equipment.
- Safety equipment such as hard hats, dust masks, gloves, and
goggles.
- Building Materials: includes lumber, plumbing fixtures, flooring,
cabinets, paint, insulation, tile, countertops, heating, and ventilation
units.
- Incidental repairs that may be required when tearing into the
existing house structure.
Cleanup including rental bins, removal service, and dumping fees.
- Decorative enhancements such as light fixtures, window coverings,
and other specialty decor items.
- Subcontractor fees — fees from a specialized contractor
such as an electrician.
- Other expenses — may include upgrades and changes.
Recommended Reading:
Estimate the building and labor cost for construction http://www.building-cost.net/
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Home Improvement Remodeling Quick Links
» Why Renovate your Home?
» Remodeling Costs
» Ideas and Trends
» Specification Plan
» Financing your Improvements
» Money Saving Tips
» Managing Your Projects
» 5 Key Steps for Success
» Home Remodeling Checklist
» Working with Contractors
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