A home is an embodiment of your personality and soul. It’s where you spend most of your time and also the place where your kids grow up. A run-down and dull-looking home can have an impact on the whole mood of the house. You may notice yourself feeling more down and less energetic in a home that isn’t lively and vibrant.
A house remodel project is by no means an easy task, but it can become essential in some cases. To undertake this complicated project, you have to prepare ahead and plan for everything. The biggest factor you’ll be thinking about is how much cash you’ll have to dish out. This can be a tricky question to answer, but we’ve tried to do so anyway.
We’ve listed down everything we know about how much it costs to gut and redo a house, so you can gain the knowledge you need to transform your home.
Average Cost to Gut and Redo a House
The national average cost to gut and redo a house adds up to around $47,504, with the typical range for home renovation costs lying between $18,377 and $75,992. In terms of square footage, the average is $25 per square foot, and the range varies from $10 to $60 for typical home renovation projects. However, it can go even higher than $200 per square foot for extensive work.
This is, quite literally, the biggest project you can undertake as a homeowner. Prices vary depending on the extent of work required, materials used, and a whole host of other factors.
The budget is mostly used up in repairing the bathroom and kitchen and addressing the structural changes in the house. You also have to consider any underlying problems/repairs that need to be fixed, each room’s size, and appliances that need replacing.
A lot of your home renovation costs will also include labor. Don’t forget to consider the square footage, location, and age of your property. You’ll have to add another 20% extra to your home restoration budget for any contingencies.
Types of Home Renovations
The cost to gut and redo a house can be as low as $14,000 if you only need minor changes. However, they can be as high as $200,000 for major work. Here the three tiers of home renovations and their costs.
- Low-tier: the cost for low-end cosmetic work ranges from $14,000 to $41,000. This involves basic changes like painting, flooring, some simple appliances, countertops, and landscaping.
- Mid-tier: these usually have a budget of $41,000 to $75,000. You will have all the work found in a low-tier project with better materials, hardwood flooring, full kitchen and bathroom redesign, and similar work.
- High-tier: expect prices to start from $75,000 and reach over $200,000. It will include all the work from the previous two tiers along with some more complicated additions. Premium materials will be used with higher customization. You will replace the HVAC system and redo the home design & layout as well as the foundation. Major layout changes will also be undertaken.
Renovation Costs for Different Types of Homes
Not everyone’s house or home will be the same. Everyone lives in different areas. The cost to gut and redo a house will vary based on this factor, so it’s crucial to account for what kind of home you have.
An apartment or a townhouse is relatively cheap to renew. Apartment renovations will be priced at around $20 to $40 per square foot, while a townhouse is the most affordable to renovate at a price range of $10 to $35 per square foot.
A farmhouse renovation will set you back around $10 to $50 per square foot, depending on its current situation and how well you want it built. On the other hand, condos are quite expensive, with a redesign project costing $75 to $100 per square foot.
Next, we need to talk about renovation costs for period homes. This can be a complicated topic as older homes tend to have more issues than newer constructions. They require a delicate touch and have a lot of history that needs to be preserved.
On average, you’ll find yourself paying anywhere from $20 to $200 per square foot to redo a period home. But there are always some hidden costs that show up in old houses as you move along with the renovation. This can include old plumbing, wiring, or any other niggling little issue that can pile up to a big job altogether.
Many municipalities will also have legislation on maintaining the aesthetics and history of your old home, mostly related to the exterior of the property. Extra care and planning are needed when you’re about to redo a period house.
Home Renovation Costs: Gutting
Gutting is the first step in remodeling. Your goal is to remove and demolish your home’s interior to get it ready for the renovation work that you’ve planned. Gutting is an integral part of your project, so make sure to get it done quickly.
Gutting will probably cost around $1,100 to $4,900 on average for most houses, including the removal and dumping of debris and permit fees. For homes that need more complicated gutting, owners may need to pay $10,000.
Before you begin gutting, you will also need to get permits for your renovation project. Permits are usually required for major renovations, additions, structural changes, new construction, and any mechanical, electrical, or plumbing work.
Permits are priced between $300 and $2,000 depending on the work you’re doing. It’s best practice to meet with your local authorities and discuss your renovation plans so they can tell you what permits will be needed. Get your permits before work begins to avoid any pointless headaches later on.
Home Renovation Costs: Kitchen
The kitchen will be one of the most expensive areas of renovation in your project. The cost to gut and redo a house is greatly affected by the work required in the kitchen. On average, kitchen remodels will cost around $25,000 or $150 per square foot. The range is quite wide, with homeowners spending between $4,000 to $60,000 depending on the project’s size and scale.
The most expensive part of a kitchen remodel will be the cabinetry and hardware that will make up for around 30% of the total budget. You have various options for your cabinetry that vary significantly in their prices. Stock cabinets cost between $100 to $300 per linear foot, with semi-custom ones priced between $150 and $650. Custom cabinets are more expensive due to the intricacies required and will cost around $500 to $1,200.
Countertops are also a significant part of a kitchen redesign and account for over 10% of the kitchen renovation budget. Various materials can be used according to your preferences. Each type of material will have a different price and will have its own pros and cons. Stone countertops cost between $4,000 to $7,000 and are considered high-end work. Concrete is also a reliable choice with great design options that cost around $2,500 to $5,500. Solid and laminate surfaces have similar prices and are good, cheap options. They will set you back $1,000 to $3,000.
Home Renovation Costs: Bathroom
The bathroom is the second major part of your cost to gut and redo a house. The average price for a bathroom renovation is around $13,000 or $125 per square foot. The typical range for most homeowners will be between $2,500 and over $25,000.
Again, cabinets will take up most of the bathroom remodel budget (30%), and the total cost will be dependent on the fixtures, counters, and materials used. Normal cabinets will be priced between $1,200 to $7,000, whereas high-end ones can cost anywhere between $8,000 and $13,000.
Low to medium-end bathtubs or showers will cost around $400 to $5,000, while premium ones will cost $6,000 to $10,000.
Final Takeaway on the Cost to Gut and Redo a House
Home renovation is the most time-consuming, expensive, and invasive project you can undertake as a homeowner. It’s a hard task to make and stick to a budget reliably. We recommend that you always stay flexible when it comes to your budget and always take advice from experts who have worked on projects like yours before.
Our final advice to you is to hire the best team possible. Meet different contractors and make sure you get all the work done from the same organization. Hiring different people for different jobs is a big hassle and can be quite challenging to manage.
We recommend that you visit our website if you are looking for more tips on all types of building, remodeling, restoring, and DIY projects.
Other than that, good luck!
