How Much Does It Cost to Renovate a House?

Renovating a house is one of the most exciting yet financially challenging projects a homeowner can take on. Whether you’re planning a full-scale remodel or a few updates to modernize your space, understanding the potential costs is key to setting a realistic budget.

Average Cost of a Home Renovation

On average, home renovations can cost anywhere from £25,000 to £90,000 for a standard-sized home, with luxury remodels easily exceeding six figures. The actual price tag depends on the scope of work, the size of the property, and the quality of materials and finishes you choose.

As a rule of thumb:

• Low-end renovations (cosmetic updates, small DIY projects): $15,000–$40,000

• Mid-range renovations (kitchen/bath remodels, new flooring, moderate upgrades): £48,000–£90,000

• High-end renovations (structural changes, luxury finishes, full remodel): £90,000–£240,000+

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Factors That Influence Renovation Costs

1. Size of the House: Larger homes naturally require more materials and labor.

2. Scope of Work: Cosmetic changes like painting cost far less than structural work.

3. Materials and Finishes: High-end fixtures and imported materials increase expenses.

4. Labor Costs: Rates vary by region and expertise level.

5. Permits and Regulations: Necessary permits can add thousands to your project.

6. Hidden Issues: Older homes may reveal problems like wiring, plumbing, or mold that need addressing.

Tips for Budgeting a Renovation

• Get multiple quotes from licensed contractors.

• Prioritize your must-have upgrades over cosmetic extras.

• Allocate at least 10–20% of your budget for unexpected costs.

• Consider which projects will add the most resale value to your home.