I have so been neglecting my blog.  It's true.  It's shameful.  In my defense it's because I have been so focused on my clients.  I am correcting that today and giving it the attention it needs!

Tis the season for home remodeling!  I have been working with a new buyer client who is looking at homes in Worcester that will need some repair - as well as working with a seller whose home will need to be repaired when the buyer has the keys in hand.  My parents are remodeling their kitchen and I am still picking away at the rehab on my own house.

It seems as if remodeling is happening everywhere!  And IT IS!  (Stay tuned for details on a home renovation event in May....ssshhhhhh...press release coming but it's going to be HUGE!).  I did stumble upon (I love that site) this quick guide to estimating the cost of home repairs / remodeling that Freddie Mac has published and I love it!  It's quick - easy to read and realistic.

Check it out and bookmark this page - it's a great way to thumbnail the costs of new projects or to see what you would be getting into with a new home.

Estimated Remodeling and Repair Costs

   
Kitchens   Roofing   Floors
Additions Costs
Build addition $70 to 120 per square foot
Enclose porch $5,500 to 15,000
Drywall ceiling over plaster $1.50 to 2.00 per square foot
Basement Costs
Convert basement to legal rental unit $30,000 to 50,000
Bathroom Costs
 
Remodel bathroom $7,000 to 12,000
Add half bathroom $3,500 to 5,000
Add full bathroom $7,000 to 12,000
Electrical Service Costs
Increase service to 200 amps $700 to 1,200
Run separate electrical lines $150 to 300
Install connectors on outlets
(of aluminum wired homes)		 $15 to 20 per connection/
$2,000 to 3,000 (whole house)
Exterior Costs
Regrade lawn $500 to 1,500
New gutters and downspouts $2.50 to 3.50 per linear foot
Fireplaces Costs
Build masonry fireplace $3,300 to 4,800
Install prefabricated fireplace $1,800 to 2,300
Reline chimney with terra cotta $2,000
Floors Costs
Sand and finish wood floors $1.50 to 3.30 per square foot
Install ceramic tile floor $11 to 22 per square foot
Install vinyl tile floor $2.64 to 5.34 per square foot
Install wall-to-wall carpet $3.38 to 6.61 per square foot
Garages Costs
Build single car garage $6,000 to 9,500
Build double car garage $8,000 to 12,000
Heating and Air Conditioning Costs
Replace warm air furnace $1,500 to 3,800
Replace electric heat pump $2,200 to 3,600
Replace central air conditioning system (electric) $1,500 to 3,000
Replace central air conditioning system (gas) $2,600 to 3,500
Install humidifier $300 to 550
Install electrostatic air cleaner $500 to 750
Replace hot water boiler $2,500 to 3,500
Install attic ventilation $250 to 450
Insulation Costs
Insulate attic / basement $.75 to 1.20 per square foot
Kitchen Costs
Remodel kitchen $8,000 and up
Plumbing Costs
Hot water heater  
(40-gallon capacity) $400 to 650
(40-gallon capacity) $300 to 550
Install new well $3,000 to 5,000
Install new septic system $3,000 to 5,000
Install sump pump $400 to 500
Install French drain and sump pump $2,000 to 3,500
Roofs Costs
Asphalt / fiberglass shingles-  
Install over existing shingles $1 to 1.20 per square foot
Remove existing shingles and install news $1.30 to 1.75 per square foot
Windows Costs
Install storm windows $60 to 100 each
Replace existing windows $250 to 500 each
 

Amy Mullen, Realtor CPA CDPE LMC CHS MBA
RE/MAX Professional Associates
617-899-2146
amymullen@remax.net
www.amymullenrealestate.com

"A real person helping real people with real estate"

 

6 Comments on Great quick guide to home remodeling/repair costs

APR
26
2011
161,176 Points 5 Featured Posts

Thanks so much for this information. It is just what I planned to start researching today.
6:34am • #1
136,621 Points Outside Blog

Amy, this is awesome how you laid this out - very handy and easy to read, follow through. I get asked this question many, many times from my sellers on what remodeling pays and any idea on pricing. I would like to re-blog this to my site. Thank you!!
6:36am • #2
1,133,544 Points 151 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Great stuff, Amy.  Certainly the costs will vary baed on what materials are selected as well as area of the country, but these are some good general guidelines.  Some of these items (e.g. carpet, vinyl) are petroleum based so they are rapidly rising in price (2 price increases already this year.
6:49am • #3
449,408 Points 10 Featured Posts Outside Blog Called Shot Master

Amy, this is a wonderful list, that I will be handing out to my buyers as a starting point, of course every area is a little different with ours here in lower Ct a little more expensive. Still an awesome list thank you.
6:59am • #4
4 Featured Posts

Good list and I have seen this before and thought it would be helpful to homeowners/ buyers.

Estimating for remodeling is complex and prices change subject to conditions such as access, parking or whether work is on the second floor or maybe even if its in a condo where everything is brought up in an elevator.

Then add the variance's of price pertaining to quality or waste.

Good list.

 
7:32am • #5
APR
28
2011
111,342 Points 6 Featured Posts Called Shot Master

Great post Amy. This is a fantastic post. Thanks for sharing the information.
3:26pm • #6


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