Common Renovation Costs in Milwaukee

Did you know the average return on investment (ROI) for major kitchen remodeling was nearly 65% in 2016? And the ROI for bathroom renovations was an estimated 66% this same year? This means you’ll reap what you so many times over when you invest in a solid remodeling plan.

home being remodeled with new flooring

Let’s take a look at some common home renovation costs in Milwaukee.

Kitchen Renovation Costs

Kitchen remodeling services were utilized in 81% of homes in 2015. These statistics are according to the National Association of Homebuilders 2015 Report (NAHB).

Kitchen remodeling trends have gotten more creative and daring in recent years. With this creativity comes an increase in expenses. Some of the most popular 2017 renovation strategies involve:

  • London-inspired glass backsplashes for your stove
  • Open-shelf designs on the walls
  • Fancy and artistic islands for the center of your kitchen
  • Under-the-sink storage compartments installed
  • Natural wood kitchen overhauls and expansions for a roomier feel

Simple Versus Elaborate

The specific cost of your kitchen remodeling project will depend on how elaborate you choose to get. Also, are you planning on trying to do some or all of the renovation project yourself? If this is the case, most of your cost will be materials, paints, tools, and time devoted to the project.

However, if you’re like the rest of us, you’ll enlist the expertise of a qualified labor crew. This may add upfront expenses, but it’ll give you the peace of mind knowing that your project is in good hands.

Bathroom Renovation Costs

Bathroom remodeling services were used in 79% of homes in 2015. This makes kitchens and bathrooms the two most common renovation projects completed this year. This is why they’ve been given their own sections.

Bathroom renovation expenses can range anywhere from $2,000 to $23,000 in the Milwaukee area. The most common range for bathrooms is between $6,000 and $14,000. The national average for bathroom remodeling is $10,000.

Factors to Consider

Many factors play into the average expense for remodeling. Some of the most common variables include:

  • Size of your bathroom
  • Number of bathrooms in your project
  • Complexity of your remodeling project
  • Whether the project is a partial or full overhaul of your bathroom

Materials and Elements to Consider

Some of the common bathroom materials to consider in your remodeling budget involve the installation of:

  • Bathtubs and showers
  • Cabinets and countertops
  • Flooring and light fixtures
  • Sink and toilet
  • Electrical re-wiring
  • Reworking the plumbing system

Get a clear idea of what you want the finished product to look like. Then proceed with identifying your expenses for your budget.

Overall Home Renovation Costs

In 2017, the estimated cost of home renovations was as follows:

  • Minimum expense equaling $10,855
  • Maximum expense of $86,841
  • Average expense of about $48,848

The majority of homeowners spent approximately $49,000 in renovations. These figures include the estimated:

  • Preparation expenses, including surface prep work and parts
  • Labor expenses to renovate various rooms in a Milwaukee home
  • Price for materials and machinery used for home renovation

Clearly communicate your vision to your remodeling contractor during the consultation. Make sure you help them see the same images you do in your mind’s eye.

Meeting Renovation Costs in Milwaukee

Whether you’re planning on renovating your bathroom, kitchen, or your entire home, you’ll want to budget wisely. The first step in budgeting is knowing your project and the expenses involved. And always overestimate in your budget.

If you’re in the market for renovations for your home, check us out today.