Creating a Budget for Your 2023 Louisville Home Remodel

15 Feb, 2023
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You’re dreaming of a home remodel, but you’re unsure how much it will cost. When you begin your research, you find a cost range so wide you’re uncertain of what your specific project might cost. Of course, the most definitive answer about the budget for your remodel will come from your contractor. However, there’s a lot you can do to influence the cost while you’re planning. Your materials, finishes, elements, and the square footage of your project influence its price. If you have budget constraints, you may have to sacrifice a few of your first choices on the altar of the budget gods so that your project comes in at a price you can afford and achieves the aesthetic results you’re after. We’re here to help you get organized and start the conversation about realistic remodeling costs in our Louisville market so you know what to expect.

Creating a Budget for Your 2023 Louisville Home Remodel Louisville Handyman is a premier remodeling contractor in Louisville, KY. We delight in remodeling old houses and breathing fresh life and character into our clients’ everyday spaces. Understanding the realistic budget for your remodel can help you save and plan and help you identify a quality contractor with a realistic quote.

Get Organized

We recommend beginning a home renovation planner as soon as you commit to a remodel and reaching out to contractors. This will keep your thoughts, receipts, and next steps in one place and organized. Keep track of the materials you like, layouts that catch your eye, and non-negotiable must-haves for your remodeling project. You can use your binder as a visual aid as you prioritize your choices to make the selections that help your contractor develop an accurate quote.

Quote vs. Estimate

Many people use these terms interchangeably, which can muddle your understanding of how these numbers were achieved. Understanding the difference between a quote and an estimate will help you streamline your planning and keep your home renovation budget on track. An estimate is a professional guess about the price of a project based on a small amount of information. It makes sense to get a few estimates while finding the perfect contractor for your home remodel. A building professional develops a quote after learning much more about the space, your vision, and materials and is much closer to the actual price of your project.

Preparing for Home Remodeling Budgeting

Knowing how much common projects cost in your area can help you identify unreasonably high or dangerously low bigs before hiring a contractor. We’ve pulled our data from Remodeler Magazine’s yearly Cost Vs. Value report, which gives us the average local price tag for various popular projects. You’ll see two price points for some projects because the size of the project, the elements you include, and the materials you select make a large difference in the amount your remodel costs to execute. A 10 x 10 hall bathroom remodel with a tub and shower combo, toilet, and vanity is a very different project than a primary bathroom remodel with a walk-in shower, soaker tub, built-ins, and luxurious double vanity.

Mid-Range Bathroom Remodel

A mid-range bathroom remodel in Louisville averaged $24,081 last year. This project involves replacing all fixtures, tub and shower upgrades, ceramic tile tub surround, and solid-surface vanity with an integrated sink, recessed lighting, tile flooring, and wallpaper.

Bath Remodel for Universal Design

Many clients plan bathroom remodels to ensure their primary bathroom supports their mobility and accessibility needs as they age. A bathroom designed with accessibility in mind includes a barrier-free shower, extra-wide doorways, wheel-chair friendly turn radius and layout, shower seating, towel bars that double as grips, and easy-grasp handles. Remodeling a bathroom for an upgraded aesthetic and universal design averaged $37,167 in Louisville last year.

Upscale Bathroom Remodel

Upscale bathroom remodels cost significantly more because they may expand the size of the existing bathroom, relocate fixtures, and include high-end materials. The average price tag for an upscale bathroom remodel in Louisville was $76,047 last year. This project includes a neo-angle tile shower, freestanding soaker tub, custom cabinetry, custom lighting, flooring, and in-floor heating.

Mid-Range Kitchen Remodel

The average cost for a mid-range Louisville kitchen remodel in 2022 was $75,137. This project elevates a 200 square-foot kitchen with 30 linear feet of semi-custom cabinets, double sink, kitchen island, new flooring, vented range hood, range, garbage disposal, built-in appliance upgrades, and custom lighting and finishing.

Upscale Kitchen Remodel

A luxury remodel may expand your kitchen, add a bump-out, and relocate many of the elements to a more functional flow. For the average cost of $147,059, an upscale kitchen remodel includes 30 linear feet of custom cabinets, commercial grade cooktop and vent hood, high-end tile backsplash, luxury sink, and water filtration system, designer fixtures, built-in microwave, refrigerator, and oven, new luxury flooring, and custom lighting.

You may save money by completing more than one renovation project at once, but this depends on the scope of the work you have planned. Keep in mind, a gut renovation, or main floor scramble, where we relocate walls and change your home’s layout, will cost significantly more than a pull-and-replace remodel because of the structural work and trade expertise required to accomplish this task.