The Most Popular Home Renovation Projects in America—And How Much They Cost
When you own a home, there’s always another project to tackle. The question is, which do you take on next? Maybe your living room looks like a time capsule from the 1980s, or you desperately need to add a bathroom, or perhaps you’re just looking for inspiration for your next project. Well, get started by looking through this list of the most popular renovation projects in America, and how much they cost.
The United States of Remodeling
Even though there are 1 million-plus new houses built every year, 40 percent of homes in America are more than 50 years old, so it’s no surprise that remodeling spending is expected to increase in 2020. But which renovation projects are the most popular with homeowners, and more importantly, what do these projects cost? Here are the 15 most popular home improvement projects in the country, according to the most current remodeling survey from the National Association of Home Builders (NAHB)
Bathroom Remodeling
Bathrooms are often quick to look outdated (think avocado green tubs and carpeting near the shower). Although kitchens and bathrooms routinely vie for the top spot in the NAHB survey, in the most recent polling, from 2017, bathroom remodeling ranked as the most popular home renovation project in the country—but it comes at a steep price. According to Remodeling Magazine’s Cost vs. Value 2019 annual report, an upscale bathroom remodel can average as much as $64,000, while a midrange remodel runs about $20,000.
Kitchen Remodeling
The kitchen is the heart of the home, and it’s also one of the most popular—and expensive—renovations a homeowner can undertake. With the numerous purchases required, including appliances, cabinets, and countertops, along with construction and installation costs, a kitchen renovation can set you back a pretty penny. Costs range from $22,000 for a minor face-lift to $131,000 for an upscale remodel.
Whole-House Renovations
When it’s time to upgrade a home, particularly if you’ve just moved in, sometimes it makes sense to tackle everything at once so you can start with a clean slate. Whole-home renovations, which come in third on the NAHB’s list of most popular remodeling projects, can set homeowners back quite a bit. They come in at an average cost of $46,000, but the range stretches from $18,000 to $75,000.
Room Additions
If your growing family is making your home seem suddenly cramped, or if you never had enough space to begin with, a room addition may be your dream remodeling project. The cost of this project depends mostly on the size of the addition and the materials used. According to the Cost vs. Value Report from Remodeling Magazine, a midrange master suite addition will cost around $130,000 on average, and an upscale master suite addition runs about $271,000.
Window/Door Replacement
It’s not the most exciting project you can take on, but replacing windows and doors can make a big difference in your energy bills and the overall comfort of your home. To replace wood windows, you’re looking at an average cost of $20,000; vinyl window replacement comes in at about $16,000. And to replace a steel entry door, you can expect to pay about $1,800.
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