A New Year, A New Dollar. Renovating in 2021
It’s hard to believe it’s been about a year since we all carved our office spaces out of our living rooms and bedrooms. We spent more time in our kitchens than possibly ever before, cooking, baking, and realizing it’s not the most ideal space. And then with all the extra time at home dreaming up ways that our homes can be improved. Is 2021 the year to renovate? One of the biggest unknowns to answer that question is the cost.
Let’s jump and explore the costs of renovating some of the most popular rooms in your home that might be driving you crazy right now. Obviously costs will vary depending on the size of your space, finishes you chose, and scope of the work, but we thought it might be helpful to have a basic understanding of what it’s costs to renovate a room. We provided a range. The lower end of the range is for inexpensive finishes, but not necessarily the absolute cheapest thing. You might not want that. The upper end of the range is for high-end level finish, but not necessarily the most expensive luxury items you can buy. The sky's the limit.
Who doesn’t want a beautiful or at least a functional kitchen! It might be one of the most popular rooms at the top of renovation lists. It also might be one of the most expensive. It often involves removing a wall and opening up the space. Even if not, cabinets, stone, and appliances are all expensive items. Fortunately, it is also where you get most of the bang for your buck! An updated kitchen can dramatically increase your enjoyment of your home and its value when you might sell it. Prices can vary dramatically as you can see depending on materials. This is for a typical kitchen with about 10 cabinets. If your kitchen is smaller you can adjust down.
Cabinets: $7,000-$30,000 (Ikea to custom)
Counters: $3,000-$8,000 (simple quartz to natural stone)
Faucet and sink: $1500
Backsplash tile: $1,000
Construction, Labor and Installation: $10,000-$15,000
A beautiful and calming bathroom is one of the best ways to make sure you get your day started right and you unwind at night. Making sure it sets the mood right can make a big difference in getting you started in the morning and peaceful in the evening. It’s usually the most plumbing heavy room in the house. So depending on if you want to reconfigure a renovation can get costly.
Plumbing fixtures: $2,000-$5,000
Double vanity: $1,500-$5,000
Construction, Labor, and Installation: $9,000-$12,000
Total: $15,000 - $28,000
Are you scared to go into your basement? It is full of creepies and crawlies and generally nowhere you want to spend a considerable amount of time, if any? We hear you. No matter how many of those kinds of basements we go into we don’t spend any extra time than necessary. It doesn’t have to be that way! With a bit of finishing you can add an entire functional floor to your home! Sure you’re not going to necessarily make a bedroom down there (please...unless it has a window, light, air, and meets other code requirements) but having an organized clean space for storage, a laundry area, maybe a gym, a craft space, you name it! The possibilities are endless.
Walls and drywall: $15,000
Lighting and Electrical: $4,500
Floor tile, cement sealing: $5,000
2-piece bathroom: $8,000
We said the kitchen is often at the top of the renovation list, but might the office have climbed up to the top as well? After a year from working from the dining table or the couch you might be ready to commit. WFH life doesn't seem to be ending anything soon.
If you have had a nice outdoor space for the past year you are probably really thankful for it, if you haven’t you probably never wanted anything more, and if you have outdoor space that wasn’t in shape to use it might be most painful of all. A deck or backyard makeover can give you a much needed outlet to get outside starting this spring.
Deck - Here in Brooklyn a deck usually needs to be made of non-combustible material like steel, concrete, and tile. The typical steel deck you find on a Brooklyn townhouse ranges from $20,000-25,000.
Backyard Makeover - You can always DIY your backyard like we did! But most people have a beautiful image of a backyard with hardscape, softscape, planters, and with new lighting incorporated. In that case you might want to hire some help and you can expect to spend $8,000-$25,000 depending on exactly what you want.
We know this is a quick overview but we’re excited to break down the reno cost and process for each room in upcoming blog posts! Let us know if you have any suggestions for projects that we missed! Happy renovating in 2021!
Thanks for reading! Subscribe below for updates and don’t forget to follow us on Instagram!