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True Cost of different remodeling projects

Our homes are our sanctuaries. We want to live in a nicely furnished home, where we can relax after a hard day at work and marvel at the beauty of our interior design. There is a chance you were a fresh college grad when you bought your first home, which automatically leads us to the conclusion that you were on a limited budget. A tight budget means that you probably had to settle for a semi-decent house that may not be completely suited to your taste. But, today, you are an established person. There is no need to sell the home you have been living in for the past decade or more, when you can simply alter the things you don`t like. Even though the cost of different remodeling projects differs, there is always a way to afford some much-needed upgrades your entire family will appreciate.

Adding square footage is expensive

As mentioned, a lot of things could have changed since the moment you bought your house. Perhaps you added two kids to the family and you need extra space. Maybe you just got bored of living in a one-bedroom house when, today, your budget allows for much more. In this situation, hiring a company to help you add more square footage to your home is your best option!

However, adding a new bedroom or sunroom does not come without a high cost. If you are looking to add the bare minimum, you are looking at the price of four to ten thousand pounds. Realistically, a homeowner that is interested in this type of remodeling can expect to pay an average of 30, 915 pounds. What you may not know is that different remodeling projects can do a lot of good for you in the long run. Remodeling projects, such as adding an additional room, significantly raise your home`s resale value.

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Remodeling your basement

In a lot of homes, the basement is the place where family members keep all of their junk. It is usually portrayed as a scary, dark and cluttered place in movies, and that is what people associate with basements. This is a shame, as your basement is a completely usable living area! All you need is some money, a group of experts to help you remodel your basement, and some imagination. On average, homeowners spend 15, 711 pounds for finishing their basement. Of course, a lot depends on the square footage and what you want to do with that space. One of the most expensive basement upgrades is the addition of a bathroom, as it involves installing plumbing and choosing fixtures. But, if you plan to create a guest suite out of your basement, then an added bathroom is a must.

The cost of different remodeling projects pertaining to the big money areas

The big money areas in your home include the kitchen, the bathroom, your appliances, and the roof. These are the areas that can potentially add a lot of resale value to your home, besides creating a significant change in your home`s appeal. Depending on what type of upgrade you opt for, there is a chance you might have to move out until the contractors are done working their magic. Therefore, you need to learn more about the cost of your relocation, as it should also be included in the price of remodeling the big money areas.

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  • Remodeling the kitchen comes at an average cost of 13,474 pounds. Of course, you can spend a lot less or a lot more, depending on what you plan to change. Some of the most common kitchen upgrades include changing the cabinets, appliances, flooring, and countertops.
  • Remodeling the bathroom will cost you anywhere between 6,000 and 14,000 pounds on average. Once again, how much you spend depends on the materials you choose, and the fixtures you want to upgrade. Every bathroom fixture comes with a wide range of prices, with the lowest ones starting from a couple hundred pounds and ranging up to a couple thousand.
  • Appliances. This is where the situation can easily get out of control if you let it. If you like to cook, you might feel the need to splurge on the most expensive stove you find. While this is not a good option, neither is being too cheap and conservative. Remember, you are upgrading your appliances, so you want to find something that will significantly improve the d├ęcor and functionality of your kitchen.
  • Replacing a roof is something that must be done every twenty to thirty years, depending on the material. Some materials, such as tile, slate, and copper can last up to fifty years! Investing more money in quality materials is a smart financial decision in the long run. On average, a roof replacement will cost you 6,838 pounds, which is not a lot, we are sure you can agree.

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Is it wiser to remodel or to buy a new house?

This is a question that has many answers, and not a single one of them is right or wrong. We, here at Raven Decor, think that, if your situation allows it, renovating is always a better idea. People are usually emotionally attached to their homes, so they don`t have to go through the stress of changing their environment. On the other hand, if your circumstances have changed, and you found a job that is far away from your residence, the choice is simple. And, sometimes, the cost of different remodeling projects can be too much for people to handle, which is why they opt for selling. Therefore, take your time and decide what you feel is best for you and your family!