The 5 Most Popular Renovations Cost Way More Than You Might Think
Home ownership comes with more costs than just the initial down payment. At some point, you’ll most likely need to do some kind of renovation. And while renovations are sometimes factored into the cost of buying a house, homeowners often opt to do the projects sometime later down the road. So what exactly do some of the most popular remodels cost?
Clever – a platform designed to connect real estate agents, buyers, and sellers – recently surveyed 1,000 homeowners about after-purchase home costs. The survey asked homeowners which renovations they planned to undertake in the next five years, as well as what they expected the cost would be. The 5 most popular planned renovations were:
- Landscaping
- New flooring
- Bathroom remodel
- Kitchen remodel
- New patio or deck
The most expensive projects would be kitchen remodeling, followed by the new deck, then bathroom remodeling.
So what do these projects cost? Here are some estimates from HomeAdvisor:
- New Flooring: $2,863
- Bathroom: $9,723
- Kitchen: $22,134
The report serves as a reminder that when planning your next renovation, be sure to budget wisely so you don’t get stuck with sticker shock.
Article originally appeared on Better Homes & Gardens.