Friday, January 20, 2017

Bedroom Series Part 1: Calculating the Cost

In this four part bedroom series, we will share with you how to calculate the cost of your remodel and 7 ways to change your space without knocking down walls.  We will also share with you some things to consider and 12 dos and don’ts to help you prepare for your exciting new project. 
Depending on the scope of your remodel and the materials you choose, remodeling a bedroom can widely vary in costs.  For this example, Fixr uses a 120 square feet workable area.  The typical costs for a bedroom include:
  • ·      Windows
  • ·      Insulation
  • ·      Carpeting/Flooring
  • ·      Finishing ceilings and walls
  • ·      New Molding
  • ·      New Baseboard
  • ·      Doors
  • ·      Painting
  • ·      Electric wiring

Here is the breakdown provided by Fixr for what the average costs would be in each area:

   Four new windows - Average price of $300-$700 per window, plus installation time of two to five hours per window. Be sure that the windows purchased will qualify for tax deductions;
   Insulate ceilings and walls - Fiberglass wall insulation with R-19 value will cost $1.80 per square foot (installed) $482 for the walls, and ceiling/attic insulation of R30 will be $2.25 per square foot and cost $270;
   Carpeting - Averages at $15 to $25 per square yard (with padding and installation) totals $335;
   Finish ceilings and walls - Drywall throughout would require 13 panels of 4'x8' for walls and ceiling at $9.80 each (plus screws, nails and finishing compound) for an approximate total of $240 plus approximately 12 hours of installation (this does not include removal and disposal or original paneling and scraping of any textured ceiling paint);
   New moldings - Average of $3.00 per foot of installed molding for a total of roughly $550;
   New baseboard heating fixtures - Average of $125 to $500 per room;
   1 - six-panel primed hardboard door - Average of $178 each for a plus four hours of installation;
   Painting - this room is going to need sanding, priming, and painting according to the upgraded drywall and ceiling. The average painter will charge between $20 to $35 per hour and require approximately 32 hours for a room this size;
   Provide electrical wiring and lighting to code - This is going to depend upon the amount of work required, but electricians average from $65 to $85 per hour. This project might be priced on a per item basis, or the electrician might simply base it on the square footage; and
   Provide carpentry to code - This is going to depend upon the amount of work required, but carpenters average $70 per hour. This project might be priced on a per item basis, or the carpenter might simply base it on the square footage.

Based on these projections, an average bedroom remodel would cost $7,880 and the resale value of such updates would typically be around 30% return on investment.

We hope cost analysis was helpful, if you have any questions on your next remodeling projects call Christi at Projects General Construction at 805.682.2226.  Stay tuned for Part 2 in our bedroom series!

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