Remodeling your home may seem daunting, especially if you are on a budget or need to get the work done before a certain date. However, you can save money and time by completing basic renovations or making small home improvements a little at a time. For instance, affordable renovations may include upgrading your light fixtures, painting your cabinets or walls a fresh color or enhancing the appearance of your front door.
Moreover, other affordable renovations may be completed in your kitchen or bathroom, especially if you use basic- or mid-range fixtures for your sinks, cabinets and flooring. For instance, vinyl flooring is generally more affordable than laminate, wood, ceramic tile and stone flooring and can be used in your kitchen or bathroom. Additionally, laminate countertops are cheaper than stone, concrete and solid surface countertops. To explore the various areas in your home that can be renovated on a budget, review the information below.
What is the average cost of a home renovation?
The cost of a home renovation varies widely depending on the following factors:
- Room type
- Materials used
- Square footage of the space
- Labor and installation fees
Taking all of the above into consideration, the national average of remodeling multiple rooms in a home is $40,109. However, home renovations generally range between $16,887 and $64,275, with $3,700 falling on the low end and $137,000 on the high end. For instance, the average cost of renovating common home spaces are as follows:
- Basement is $18,711, as many basement renovations involve building walls or bathrooms, adding plumbing lines and electrical units.
- Bathroom is between $6,000 and $14,000, as bathroom renovations generally include the installation of bathtubs, countertops, cabinets, new flooring, lighting fixtures, toilets and sinks.
- Kitchen is $20,474, as kitchen renovations often involve the installation of new countertops, cabinets, flooring and appliances.
Moreover, you can cut back on renovation expenses by purchasing budget-friendly materials and completing the project on your own or with the help of several friends or family members.
Which areas of my home can be renovated on a budget?
Renovating a kitchens, bathrooms and living rooms can be costly, especially if you use high-end materials and hire a contractor to complete the work. However, there are plenty of home renovations that can be completed for cheap and in very little time. Many of these projects can be completed in as little as one day, even if you are new to renovations or are completing a home improvement project for the first time. Here are a few simple and affordable home renovation ideas that can help brighten up your home.
#1 – Paint a single room in your home
A fresh coat of paint or an entirely new wall color can bring a room to life without breaking the bank. For instance, do-it-yourself paint jobs generally cost between $200 and $300, while the cost of hiring a professional painter ranges between $380 and $790 depending on the size of the room. However, the price per can of paint varies by brand and the type of finish you choose (such as flat, semi-gloss or high-gloss). Other expenses pertain to the supplies you will need to complete the job, including:
- Drop cloths.
- Paint trays and rollers.
- Painter’s tape.
Moreover, you can likely paint a room in one full day or by the end of the weekend depending on the size of the room and if you have any help with the project. Some families even like to make this a family project, which makes the process faster and creates great memories in the home.
#2 – Paint your kitchen cabinets and upgrade the hardware
A full renovation may be costly, but you can easily upgrade your kitchen by changing your cabinet colors and hardware. While the average cost of repainting kitchen cabinets is between $200 and $600, this total varies depending on the number of cabinets you need to refresh, and the brand of paint and painting supplies you choose to purchase. If you wish to upgrade your cabinet handles, the hardware will generally range between $6 and $55 per piece, depending on the size of the handle or knob, and the color and finish of the fixture. Keep in mind that kitchen cabinets take longer to paint than walls, ranging between three to five days, on average, so be sure to set aside the appropriate amount of time for this project. Even if this is a fairly simple project, it can take years off of your kitchen and make the space much more inviting.
#3 – Upgrade your kitchen countertops
An easy and inexpensive way to upgrade the entire look and feel of your kitchen is to install new countertops. While the cost of purchasing and installing new countertops ranges between $1,872 and $4,087, the national average is $2,905. However, this cost varies depending on the type of materials you use. For example:
- Laminate countertops range between $1,200 and $2,000.
- Solid surface countertops range between $1,500 and $3,000.
- Concrete countertops range between $2,600 and $5,300.
- Stone countertops range between $4,000 and $7,000.
The amount of time it takes to replace your countertops will vary depending on the material type and whether you complete the job yourself or hire a professional. For a project this extensive, it is recommended to hire a contractor if you have no experience.
#4 – Renovate your flooring
Like your kitchen countertops, the cost of renovating your floors will vary depending on the type of flooring you purchase and the square footage of the space you wish to renovate. Here are a few standard types to consider:
- Vinyl flooring sells for around $1,000.
- Ceramic tile sells for about $1,300.
- The cost of stone flooring is around $1,400.
- Laminate sells for approximately $2,500.
- As the most expensive option, wood flooring is around $4,000.
It is important to note that floor renovations generally take much longer to complete, especially if you complete the project on your own instead of hiring a professional contractor. It can take weeks, even months, depending on the type of flooring you are using, but the results are usually well worth the effort.
#5 – Upgrade your bathroom lighting fixtures
For a simple but effective bathroom upgrade that can be completed in one day, try upgrading your lighting fixtures. A new set of lighting fixtures can help breathe life into your dark and dreary bathroom. While lighting fixtures generally range between $120 and $900, the overall cost will vary depending on the number of lights you wish to purchase and whether you hire a professional to complete the installation process. For instance, single sconces sell for between $30 and $40, while multi-light fixtures are closer to $500 (or $50 to $200 per additional light). This process does not generally take too long, but be sure to set aside at least a full weekend for this project.
#6 – Enhance the appearance of your front door
Your front door is the first thing your guests will see when they visit your home, and a new door can make for better first appearance. While front doors are available at a national average of $926, the cost of a door varies depending on its size, style and installation fees. For instance:
- Steel doors range between $150 and $1,400.
- Fiberglass doors sell for anywhere between $150 and $2,000.
- Wood door ranges between $500 and $3,000.
A full door installation can take anywhere from a day to a week depending on the amount of help you have, or if you decide to hire a contractor or pay an installation fee. This is a relatively inexpensive way to freshen up your homes appearance at first glance.