Lay a good foundation for your next remodeling project and reduce your stress level by understanding the associated costs. You can keep your peace of mind by keeping in mind the average expense for some of the most popular renovations in the Salt Lake area:
Increase Square Footage
Adding square footage can make a big difference in your home. In 2016, the average job cost
for adding a two-story addition in the Salt Lake Valley was $162,787.* Of course, many factors
can increase this amount, including:
- Removing load-bearing walls
- Moving/adding plumbing, ductwork or electrical wiring
- Removing lead paint (found in most Yalecrest homes due to age).
Even if you have Domino’s on speed dial, a kitchen remodel can be one of the best investments to make in an older home. In 2016, the average upscale kitchen remodel costs $115,832.* One factor that makes this figure so high is the cost of top-of-the-line appliance replacement and refitting. This figure also includes new electrical outlets, flooring, stone countertops, and custom cabinetry.
Alternatively, if you want to renovate a room everyone uses that will still get you a nice return on your investment, consider a bathroom remodel. The average “upscale” bathroom remodel cost $55,249 in 2016.* This figure includes expanding the bathroom footprint, relocating all fixtures, customizing cabinetry, and extending the HVAC system to include electric in-floor heating and heated towel bars.
Remodeling the basement can be a very time and money-consuming project with new floors,
walls, and electrical and/or plumbing lines. Salt Lake homeowners spent an average of
$63,164 to remodel a basement in 2016.*
Interview and Review
To help determine the cost of your potential project, interview at least three potential contractors to discuss not online price, but also scheduling, subcontractor use, and expectations. Ask for references, and then call each name to verify the work performed and the rating given.
Finally, let Yalecrest Homes serve as an additional resource. We have a great understanding of the remodeling options in our area and would be happy to help you find the right professional to make you love where you live.
* Figure taken from Remodeling 2016 Cost vs. Value Report – Salt Lake City