Renovating a home is one of the best ways to improve comfort, functionality, and property value. Whether you’re planning a small upgrade or a full-scale transformation, understanding the average home renovation cost is essential before starting. Costs can vary widely depending on the size of your home, location, materials, and the type of renovation you choose.
At Exceptional Home Builders, we help homeowners plan renovations that match their vision and budget. In this guide, we’ll break down average renovation costs, key factors that affect pricing, and smart tips to help you get the most value from your investment.
What Is the Average Home Renovation Cost?
The average home renovation cost typically ranges between $15,000 and $75,000, but major remodels can exceed $100,000 depending on scope and finishes.
Here’s a general cost breakdown:
- Minor renovations: $5,000 – $20,000
- Mid-range renovations: $25,000 – $60,000
- Major or whole-home renovations: $70,000 – $150,000+
These figures vary based on labor costs, design complexity, and whether structural changes are involved.
Average Home Renovation Cost Per Square Foot
Many contractors estimate renovation expenses per square foot, which provides a clearer picture for homeowners.
Renovation Type | Average Cost per Sq Ft |
Basic renovation | $20 – $60 |
Mid-range renovation | $60 – $120 |
High-end renovation | $150 – $250+ |
For example, a 2,000 sq ft home renovation could cost anywhere from $40,000 to over $200,000, depending on quality and customization.
Room-by-Room Renovation Cost Breakdown
Understanding room-specific costs can help you prioritize your renovation plan.
Kitchen Renovation Cost
The kitchen is one of the most valuable areas to remodel.
- Average cost: $20,000 – $50,000
- Luxury kitchens: $60,000 – $100,000+
Costs include cabinets, countertops, appliances, flooring, lighting, and plumbing upgrades. If you’re considering a professional kitchen upgrade, explore our specialized kitchen remodeling services designed for both style and long-term value.
Bathroom Renovation Cost
Bathrooms are smaller spaces but often expensive due to plumbing and fixtures.
- Average cost: $10,000 – $25,000
- High-end bathrooms: $30,000 – $50,000
Upgrades may include new tiles, vanities, walk-in showers, bathtubs, and modern lighting.
Living Room and Bedroom Renovation
These spaces usually cost less unless structural changes are required.
- Average cost: $5,000 – $15,000
- Flooring, paint, lighting, and built-in storage are common upgrades.
Basement Renovation Cost
Finishing a basement adds usable living space and increases home value.
- Average cost: $20,000 – $50,000
- Includes insulation, drywall, flooring, electrical, and moisture control.
Factors That Affect Average Home Renovation Cost
Several important factors influence how much you’ll spend on a renovation.
1. Scope of Work
A cosmetic renovation costs far less than a structural remodel involving walls, plumbing, or electrical systems.
2. Material Quality
- Budget materials reduce cost
- Premium finishes increase durability and aesthetics
- Custom cabinetry and natural stone significantly raise prices
3. Labor Costs
Professional labor often accounts for 40–60% of the total renovation budget. Skilled craftsmanship ensures safety, durability, and compliance with building codes.
4. Home Age and Condition
Older homes may require:
- Electrical upgrades
- Plumbing replacement
- Structural reinforcement
These hidden repairs can increase the average home renovation cost unexpectedly.
5. Permits and Inspections
Permit fees vary by city but are essential for legal and safe renovations. Skipping permits can lead to fines and resale issues.
Average Cost of Whole House Renovation
A full home renovation is ideal for outdated properties or newly purchased homes.
- Basic whole-house renovation: $50,000 – $80,000
- Mid-range renovation: $80,000 – $120,000
- High-end renovation: $150,000 – $300,000+
Whole-home remodels often include kitchens, bathrooms, flooring, paint, lighting, HVAC updates, and layout improvements.
Is Home Renovation Worth the Cost?
In most cases, yes. Renovations improve both lifestyle and resale value.
Typical return on investment (ROI):
- Kitchen remodel: 60%–80%
- Bathroom remodel: 55%–70%
- Basement finishing: 65%–75%
A well-planned renovation also makes your home more energy-efficient and attractive to future buyers.
How to Reduce Your Home Renovation Cost
You don’t need to overspend to achieve beautiful results. Here are smart ways to manage your budget:
✔ Plan Before You Start
Detailed planning avoids change orders and unexpected expenses.
✔ Prioritize High-Impact Areas
Focus on kitchens, bathrooms, and energy-efficient upgrades.
✔ Reuse Where Possible
Refinishing cabinets or restoring hardwood floors can save thousands.
✔ Choose Experienced Contractors
Professionals help prevent costly mistakes and rework.
At Exceptional Home Builders, we guide homeowners through smart design choices that balance cost and quality from start to finish.
Why Choose Exceptional Home Builders?
Choosing the right renovation company is just as important as budgeting.
Exceptional Home Builders offers:
- Transparent pricing
- Customized renovation solutions
- High-quality craftsmanship
- Reliable project timelines
- Professional design-to-build services
We help homeowners turn renovation ideas into beautifully finished living spaces.
Planning Your Renovation Budget the Right Way
Before starting your project, consider these budgeting tips:
- Set aside 10–15% contingency funds
- Get a detailed written estimate
- Avoid rushing decisions
- Focus on long-term value instead of short-term savings
A clear budget ensures your renovation remains stress-free and financially controlled.
Final Thoughts
Understanding the average home renovation cost is the foundation of a successful remodeling project. While prices vary based on size, materials, and complexity, careful planning and expert guidance can help you stay within budget while achieving outstanding results.
Whether you’re upgrading a kitchen, remodeling a bathroom, or planning a full home transformation, working with experienced professionals makes all the difference. Exceptional Home Builders is committed to delivering quality craftsmanship, transparent pricing, and designs that enhance both comfort and value.
