Home Renovations - Austin Real Estate Agent

Home Renovations

/ Home Buying, Home Maintenance, Home Selling, Real Estate / By
This is an image of a man and women standing in their living room that is being renovated
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Home Renovations

Does your home suit your needs? One in four people say they outgrew their home after two years. When life’s circumstances change, whether it is family of work-related, it may be time to make a change in he home as well.

This is an image of house plans, color swatches and drawings.

 

 

Why We Need to Renovate

  1. Family milestones (marriage, newborns, kids growing up)
  2. Loved ones move in (aging parents or returning young adults)
  3. House functionality (damaged roof, no laundry room, outdated kitchen)
  4. Need room for a home office
  5. Space crunch (too few bathrooms, not enough storage)

This is an image of a man wearing a hard hat and tool belt looking inside a bathroom where half the room is plans and the other half is real.

 

Options to Consider

  • Reconfigure how you currently use your rooms.
  • Build a new room.
  • Build and accessory dwelling unit (ADU).
  • A major renovation such as adding a second story.
  • Be realistic about what you can afford to tackle.

This is an image of an attic remodel.

 

 

 

 

 

Home renovations can be time-consuming and expensive. Carefully vet your contractor so that you you don’t end up with unexpected costs and aggravation. Please reach out if you need a referral to a great service professional.

 

What Will it Cost?

Prices will vary depending on scope of project and location.

Home Additions (one room) – $22,000 to $82,000

Accessory Dwelling Units (ADUs) – $60,000 to $225,000

Kitchen Remodel – $15,000 to $65,000

Basement Remodel – $12,000 to $34,000

Second-story Addition – $150,000 to $200,000

Typical renovation costs $49,000 with an average ROI of 60%.

Did you know, the #2 reason people move is because they need a bigger space? If you or someone you know is considering a move, feel free to contact me with any questions. I’m here to offer clear, concise information you can trust. I also belong to a network of top real estate professionals, and I can connect you to one whenever you’re looking to go.

For tips on picking out the best paint colors, check out my blog, Incorporating Color Into Your Home.

Take a look at this article, Here Are The Biggest Home Remodeling Trends Of 2024, on Forbes.com.

For a printable version of this post, click here.

Sources: 1.neighbor.com/storage-blog/americans-outgrow-living-space/ 2.angi.com/articles/how-much-do-adu-costs.htm 3. realtor.com/news/trends/tiny-homes-are-the-hot-new-homeowners-accessory/ 4.angi.com/articles/how-much-should-kitchen-remodel-cost.htm 5.angi.com/articles/how-much-does-basement-remodeling-cost.htm 6.familyhandyman.com/article/remodel-a-basement-or-add-a-second-story-the-pros-and-cons-of-each-project/ 7.houzeo.com/blog/how-much-does-it-cost-to-renovate-a-house/

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