The Real Cost of 57 Common Home Improvement Projects

The Real Cost of 57 Common Home Improvement Projects

One of the biggest advantages of owning a home? You get to truly make it yours, not just with decorations and sentimental memories but with innovations, upgrades, and renovation projects.

But for many homeowners, renovations and home improvement projects can be daunting. Whether you’re tackling your upgrades with your DIY know-how or reaching out to a pro, it can be intimidating to start the process for any number of reasons.

One big factor holding many back from getting started on home improvement? Price. How do you know just how much this project will set you back? Will the value the project adds to your home make up for the cost and the effort?

To help educate consumers and start homeowners on the right path, professional-finding service HomeAdvisor put together a handy infographic on the national average costs for 57 common home projects, in fields ranging from electrical upgrades to plumbing.

Let’s take a look at some of the most interesting takeaways from the data set:

The Priciest Projects

Kitchen remodels took the top spot as the most expensive home project, coming in at $19,920 on average. Based on HomeAdvisor’s findings, remodeling in general is an expensive proposition: Redoing a bathroom was the second most expensive project on average, at $9,274.

The Least Expensive Options

On the other side of the spectrum, winterizing or activating a sprinkler system was the least expensive project, coming in at a national average of just $80. In general, exterior house work rounded out the least expensive list: lawn care, window cleaning, and garage door repair all came in at just about $200, on average.

What a Range

In addition to showing national averages, the infographic highlights the range that homeowners pay for certain projects. To our surprise, some of these gaps are quite extreme. Installing a bathtub, for example, can run the gamut from more than $8000 to less than $300. Roof installation topped out at more than $12,000; in contrast, some homeowners paid only $2000 for similar work.

Home Improvement or Home Maintenance?

According to HomeAdvisor, home owners submit home maintenance requests four times more than home improvement requests, yet still end up spending six times more on home improvement than maintenance! That’s wild, but it makes a little more sense when you remember that “more than a third of homeowners,” according to HomeAdvisor’s metrics, “don’t understand what hiring a professional will cost.” This is one of the reasons why “over-upgrading” can lead to some homeowners not getting their ideal results from an appraisal or evaluation.

The takeaway? Whether you’re considering purchasing a home that needs some TLC or looking to create value before starting a sale of you own, it’s important to do your research and consult with a real estate team who knows all about the ins and outs of your local marketplace.

Here in Chicago, that means turning to Real Group! Our experienced team knows all about the intricacies of buying, selling, and maintaining property. Drop us a line today to get the conversation started!

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