While most homeowners use the terms “renovation” and “remodel” interchangeably, they actually don’t mean the same thing. In most, cases, a renovation is much cheaper than a remodel, because its mostly cosmetic. Plumbers and electricians are among the most expensive pros to hire. Licensed contractors charge $65-120 per hour depending on the field. Major structural changes to your house, as well as mechanical updates, such as plumbing are also among the most expensive ticket items to replace and update, which can easily add $10,000-12,000 to the total cost.
A typical bathroom remodel costs $5,000-14,000. An average kitchen remodel costs $7,000-17,000.
Most popular rooms to remodel are the kitchen and the bathroom. On the high end of the cost spectrum are luxury renovations with prices as high as $75,000-100,000 depending on the number of rooms and the amount of labor involved. A basic remodel in a single room can be completed for as little as $3,000-8,000. Across the US, homeowners spend $14,000-42,000 on the cost of remodeling a house.
