Many homeowners dream of a complete home makeover, but that vision can only become reality by understanding the factors that influence your full home remodel cost. According to HomeGuide’s 2024 Home Renovation Costs, whole house renovation costs $15 to $60 per square foot on average, whereas a total gut job can cost $60 to $100 per square foot.
While these numbers are national averages, they can give you a better idea of how much to budget for your full home remodel. Let us walk you through how much a full home remodel can cost in Centennial CO, Denver, and surrounding areas so you can plan more effectively and achieve the home of your dreams within your financial means.
1. Scope of the Remodeling Project
The size and complexity of your project will significantly impact the overall cost. A full home remodel involves multiple aspects such as kitchen, bathroom, flooring, roofing, electrical, plumbing, and more. The more extensive the renovation, the higher the cost is likely to be. Prioritize your needs and set realistic expectations to align with your budget.
2. Materials and Finishes
The materials and finishes you select can also alter the total cost of your house renovation. Opting for high-end materials such as hardwood flooring, granite countertops, or custom cabinetry will increase expenses compared to more budget-friendly options.
However, quality materials can enhance your home’s aesthetic appeal and durability, potentially adding value in the long run.
3. Labor Costs
Labor is a significant component of any remodeling budget. The cost of hiring contractors, carpenters, electricians, plumbers, and other skilled professionals will depend on factors like local labor rates, project duration, and the level of expertise required.
Obtain multiple quotes from reputable remodeling companies in Centennial CO to compare prices and make an informed decision.
4. Structural Changes
Structural modifications such as removing walls, adding extensions, or altering the layout of your home can significantly impact remodeling costs. These changes may require engineering assessments, additional permits, and specialized construction techniques, all of which contribute to higher expenses.
Consult with a licensed and insured contractor to assess the feasibility and cost implications of any structural alterations.
5. Permits and Regulations
Before undertaking any major renovation, it’s crucial to obtain the necessary remodel permits and adhere to local building codes and regulations. Permit fees vary depending on the scope of the project and the specific requirements of the city’s building department. Factor in these costs and potential delays to avoid legal issues or setbacks during the remodel.
6. Unforeseen Expenses
It’s not uncommon for unexpected issues to arise during a home renovation, such as hidden water damage, mold remediation, or outdated wiring. Including a contingency fund in your budget can help mitigate the financial impact of these curveballs and ensure that your renovations stay on track.
7. Seasonal Factors
The time of year can also influence home remodel costs in Colorado. Contractors may be busier, and prices may be higher during peak seasons, such as spring and summer. Consider scheduling your remodel during the offseason or off-peak times to potentially save money and secure better availability from contractors.
Planning Your Full Home Remodel Cost
Various factors can affect the cost of your full home remodel. While there are things that you can’t control, like labor costs and unexpected surprises, there are choices that you can make to keep your costs down, such as the scope of work and materials.
By carefully planning, prioritizing, and budgeting for these considerations, you can transform your living space into the home of your dreams — while staying within budget.
Contact us to get a quote! Our remodeling experts can guide you through the cost of a full home remodel and set your project up for success.
