April 26, 2011
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
| 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 |
Real Estate and *stuff * 