Home renovations: Your most common questions answered

by Ann Hayward 08/12/2024

graphic beige background with a house in a thought bubble image text preparing for a home renovation answers to common questions

When it comes to houses, renovations are typically leading most homeowners’ minds. Whether they’re hoping to allow themselves a little more space to grow their household or simply want to update things for their comfort, a home renovation project is typically the first place many go.

But what about the cost of the renovation process? What about the home renovation checklist you need to make sure the process goes smoothly? And, possibly, the most important factor, how do you go about surviving the process of a home remodel or renovation?

Rest assured, these common questions arise constantly and tend to have more than satisfactory answers.

What’s the cost to fully renovate a home?

Fully renovating a whole house can cost anywhere from $15,000 to $200,000 depending on the type of remodeling job or renovation. If your home happens to be older, you’ll probably run into a few large systems, such as electrical or plumbing, that need to be upgraded.

Likewise, the types of materials used in your renovation project impact your overall spend on the project as well. For example, opting for high quality dense wood flooring over durable but less dense vinyl increases the budget for that particular project facet.

Is there a way to renovate cheaply?

Yes and no. For renovations that don’t need to happen in one set, it’s absolutely possible to renovate without breaking the bank. The key is to prioritize the projects you want to tackle based on your goals for your home.

If you’re selling your home soon and want a higher return on your investment, check for any renovations that need to be done to the structure of your home or your home’s systems. These include central heating, air conditioning or other ingrained systems. You may then want to move to the rooms that have a proven track record for increasing property values.

For those who need a full home overhaul, however, you may have to eat the costs sooner rather than later. But don’t let that deter you. There are financial options such as home equity loans, construction loans, personal loans, paying out of pocket and more.

What should I do to prepare?

There are infinitely many ways to get ready for a project of this magnitude. The first is to assess your home. Set a goal and know exactly what you’re hoping to achieve. Pricing and budgeting are also essential keys for successful renovations. You’ll also want to set up a timeline and bring all other house members into the conversation, so everyone knows what’s happening.

How do you survive a home renovation?

Surviving a renovation relies heavily on planning and knowing your limits. Set up time frames, designated areas and keep everyone in the loop, so no one is surprised by any events or miscalculations.

article summary infographic article recap home renovation preparation

About the Author

Ann Hayward

Born in Philadelphia and raised in the suburbs, Ann Hayward got her Pennsylvania real estate license at age 18 even before going to college. This second-generation real estate professional followed in the footsteps of her father and two uncles, inheriting their passion for the business. Licensed in DC, Maryland and Virginia, Ann is accomplished in her career, with numerous designations including SFR, SRES, PSA, WHC, and multiunit Housing Development Finance Professional (HDFP) from the National Development Council. She specializes in Prince Georges and Montgomery Counties, Northern Virginia and Washington, DC, all jurisdictions where Ann has lived and knows very well. In addition to her professional expertise, she owns and manages personal investment property, understands and has been involved in the renovation/remodeling process, and has great resources which she shares with clients. When you hire Ann to represent you, she will make your buying or selling experience an enjoyable, rewarding one. Her compassion, sensitivity to her clients’ needs, eye for detail, and ability to see the big picture when guiding you through a purchase or sale are unique assets that will ensure your success. A diverse and relevant background also gives Ann a distinct edge. For 30 years, she worked in fast-paced, high-pressure television and theatrical production, attaining the highest achievement – DGA membership as a Director, and as an award-winning staff and freelance writer. Her keen audio visual skills and design sense benefit sellers in marketing their properties, and are invaluable in helping buyers see the potential of space. A true renaissance woman, Ann was also an income tax professional and office manager for H&R Block, so she thoroughly understands the tax and financial implications of acquiring and selling real estate. Her superior organizational skills are further evidenced as owner of a downsizing/professional organizing business, Managed For You, which allows her to connect with everyone from millennials to boomers and seniors, whether for small space planning or assisting with major decluttering and transitioning. Ann holds an AB in American History from Simmons College, Boston, plus attended Robert Wagner Graduate School of Public Administration where she was a candidate for Doctorate. She additionally studied Film Direction at the American Film Institute in LA, and was a Stanford University post-graduate Professional Journalism Fellow. Personally, Ann is an avid if not very good golfer, and the co-founder of a nonprofit 501c3 organization offering educational guidance, tutoring and counseling for youngsters from elementary school through college admission. She sits on the board of trustees of a nonprofit educational film production corporation as well. (202) 494-6252 [email protected]