There are a number of ways to look at—and evaluate—the cost of a Rochester-area remodel. Let’s look at a few.
Not all remodeling projects are the same. As a result, you can spend different amounts to get what you want. Here are some of the things that will affect your final cost.
While your main concern should be to create a home that’s comfortable and convenient, you’ll want to keep resale value in mind. It’s important to look at your overall return on investment (ROI). Not all remodeling projects have the same kind of ROI. Here’s a look at the kind of return you can expect from some typical projects according to the Remodeling 2018 Cost vs. Value Report (www.costvsvalue.com).
Type of Project | Percentage of Cost Recouped | |
Midrange Bathroom Remodel | 35% | |
Midrange Major Kitchen Remodel | 38.1% | |
Midrange Minor Kitchen Remodel | 56.5% | |
Universal Bathroom Design | 38.9% | |
Manufactured Stone Veneer | 63% | |
Backyard Patio | 26.8% |
As you can see, some projects hold their value more than others. You can visit www.costvsvalue.com for a look at specific descriptions and pricing for each of these projects to get an idea of what you can expect to spend. It’s also important to keep in mind that even though you may not recover everything you spend when it’s time to sell, you’ll still enjoy the benefits in terms of comfort and convenience while you live in your home.
One thing that's really helpful in keeping costs under control is to begin with a realistic budget. Make sure you understand what you can really afford. Then take a look at what you can realistically get done for the money you're comfortable spending. Here’s an article that can help you avoid budget missteps when planning.
It’s great to look at ideas and designs online to come up with a plan to make your Rochester home even better. But make sure you measure the costs before you jump into the remodeling process.