New Guide Offers Step-by-Step Advice for Homeowners, Aiming to Bridge Gap Between Projected and Actual Remodeling Costs
Arlington, TX – Southern Home Remodeling, a reputable name in home renovations in the Dallas-Fort Worth area, has released a guide to assist homeowners in determining their budgets for home remodels. This informative resource aims to take the guesswork out of renovation budgeting, providing homeowners with reliable, industry-backed methods to plan their remodeling projects effectively.
Homeowners Often Misjudge True Remodeling Costs
Homeowners nationwide spent over $400 billion on home improvements and repairs in 2022, according to the Joint Center for Housing Studies of Harvard University. However, many homeowners underestimate the actual cost of home remodeling. A recent report from HomeAdvisor found that more than half of homeowners who embarked on home renovation projects spent more than they initially planned.
Southern Home Remodeling leverages industry knowledge and expertise to address this common challenge, presenting homeowners with an accessible and actionable blueprint for creating a realistic home renovation budget.
"There is a considerable discrepancy between homeowners' initial budgets and actual remodeling costs," said Cristian Quimbayo, CEO of Southern Home Remodeling. "Our guide seeks to bridge this gap, empowering homeowners with the information they need to create an accurate budget and avoid unwelcome financial surprises.”
How Much Does it Cost to Remodel a Home?
Remodeling a home can vary significantly in cost, depending on the rooms targeted and the desired changes. The kitchen and bathroom are the two most commonly renovated rooms, and their renovation costs can be significant due to the work's complexity.
As of 2022, the national average cost for a mid-range kitchen remodel is approximately $68,490, according to Remodeling Magazine's Cost vs. Value report. This cost includes replacing cabinetry, installing new countertops, upgrading to energy-efficient appliances, and redesigning the layout.
A mid-range bathroom remodel, which may entail replacing all fixtures, adding ceramic tile flooring, and perhaps updating the vanity, averages around $21,377.
However, homeowners should remember these are just averages - the actual costs can vary depending on regional labor rates, materials chosen, and the specific needs and tastes of the homeowner.
Southern Home Remodeling prides itself on providing versatile remodeling solutions that cater to a wide range of budgets. Whether you're planning a lavish kitchen transformation or a modest bathroom refresh, our experienced professionals will work closely to ensure we match your renovation vision to your budget. Our objective is to deliver high-quality, sustainable, and aesthetically pleasing results that meet and exceed your expectations, all within a financial plan you're comfortable with.
Creating A Home Renovation Budget
There are three crucial steps to creating a home renovation budget:
Define the Scope of Work: Homeowners are encouraged to identify the exact changes they want to make. Be it a simple cosmetic update or a significant structural change, defining the scope of work is a critical first step in determining the cost.
Get Estimates from Professionals: Reach out to professionals like Southern Home Remodeling for detailed estimates. Remember, the cheapest estimate is not always the best; quality, time, and peace of mind are significant factors to consider.
Set Aside a Contingency Fund: Even with the most detailed plans, unexpected costs can arise during renovations. Setting aside 10-20% of the overall budget for unforeseen expenses can save homeowners from financial stress.
Investing in Your Home
Quimbayo emphasizes the importance of considering the return on investment (ROI) when planning a remodel. For instance, minor kitchen remodels have an average ROI of about 81%, according to the 2022 Cost vs. Value Report by Remodeling Magazine.
“We want homeowners to approach their remodeling projects with confidence and a solid understanding of where their money is going,” Quimbayo said. “We believe this guide, coupled with our expert consulting and remodeling services, can help them achieve just that.”
Southern Home Remodeling offers this guide as a testament to its ongoing commitment to empowering homeowners with resources and insights. With this press release, the company aims to promote well-informed decision-making and successful remodeling projects, ultimately leading to more comfortable and beautiful homes. Southern Home Remodeling looks forward to continuing its mission of serving homeowners with top-tier remodeling services and valuable industry knowledge.
About Southern Home Remodeling
Southern Home Remodeling is a North Texas-based contractor specializing in home and kitchen remodeling, bathroom renovations, and interior design. We listen to your ideas, create feasible plans that suit your needs, and deliver quality work that adds value to your home. Our strong focus on customer satisfaction turns first-time clients into long-term partners for all home renovation needs in the Dallas-Fort Worth area. We're dedicated to transforming homes into beautiful, functional spaces that owners will love for years to come.
Press Contact:
Cris Quimbayo
817-330-9499
info@southernremodel.net