Home remodeling is not just about bricks and mortar, it is an exciting journey designed to shape your living space so that it resonates with your aspirations and needs. 

In the vibrant city of Louisville, KY, the importance of home remodeling is evident as residents seek to transform their houses into havens of comfort, style, and functionality. 

Understanding the factors that shape home remodeling costs empowers you to begin planning with clarity, ensuring that your vision aligns with your budget.

Cost Estimates of a Home Remodel

As you may guess, there is no straightforward answer to how much your remodel will cost until a Louisville remodeling contractor understands the scope and details of your project. 

However, to help you set a budget for home remodeling costs, here are a few baseline figures to understand: 

Kitchen Remodeling Cost

If you intend to paint your cabinets yourself, keep the original flooring, and just install a few cosmetic upgrades, you can keep your kitchen remodel closer to $30K. You’ll need to plan for at least $50K or more for a major Louisville kitchen remodel. 

The cost of kitchen remodel in Louisville, KY depends on many factors, such as size, type of remodel, and so on.

Bathroom Remodeling Cost

This is one of the most popular areas in the home for remodeling and for good reason. 

The master bathroom can be a place where upgrades are used and appreciated daily. 

For a complete bathroom remodel in Louisville, KY, plan for close to $40-50K in home remodeling costs. A smaller-scale bathroom remodel can give you an upgraded look for closer to $25K. 

Living Space Remodeling Cost

Remodeling a living space is typically much less than a kitchen or bath because it doesn’t involve as many nuanced features such as plumbing, electricity, cabinetry, etc. 

For between $5K –$10K, you can freshen up your space with new paint, carpet, and even a few finishing touches.

Home Remodeling Cost Breakdown

Planning for home remodeling costs should include the following four areas: 

  • Materials: The first thing to consider is the actual cost of materials. This includes anything you’re replacing such as carpet, paint, lights, cabinets, etc. This may also include the haul away of old materials. 
  • Labor: Unless you plan to DIY your entire remodel, you’ll need to budget for labor costs. General contractors, such as plumbers and electricians, generally charge between 10% and 20% of the total home remodeling cost. This means for a $50K kitchen remodel, plan for between $5,000 and $10,000 in labor. If you intend to hire an architect, engineer, or interior designer, their fees are typically higher. 
  • Contingencies: It’s wise to reserve 10% to 20% of your remodeling budget for unforeseen circumstances. Pests, defective wiring, structural modifications, or any other problem might arise in the middle of renovations and result in unforeseen expenditures for the homeowner.
  • Permits: Building permits might cost anywhere from $50 to $2,000 depending on your project and your area.

Note: There may be additional unforeseen expenses once your remodel is completed. For example, if you finish your basement, you may find increased energy or water bills as you use your new space. 

How Much Does It Cost to Remodel a House in Louisville, KY?

While looking at averages can give a general idea of home remodeling costs, those numbers usually do not include local factors in your area like labor rates, material costs, or local permits. 

Before you start knocking down walls, it’s important to determine the budget based on the price of your home. 

First, decide whether your house is high-end, mid-end, or low-end. 

This is determined by pulling comparable home values in your neighborhood. 

If you live in a top 25 % priced home in the city, plan to remodel on the high end. 

If you live in a bottom 25 %-priced home, keep your home remodeling costs on the low end. 

The following breakdown shows average prices for home remodeling costs spent in or near Louisville, KY in 2023: 

  • Low-end – $9,799.00
  • Mid-end – $44,098.00
  • High-end – $78,397.00

5 Ways To Save Money on a Home Remodel

  1. Prioritize: Focus on necessary improvements that align with your goals and maximize the value of your remodel. Avoid getting carried away with luxury items that might strain your budget. 
  2. Choose Carefully: This is where a lot of homeowners can blow their budget out of the water. You probably don’t need the $15K European doors. Make smart choices on your finishes. 
  3. Considering Refurbishing, Refinishing, or Repainting instead of Replacing: Salvage and repurpose materials and items from the existing space whenever possible. Upcycle furniture, cabinets, or fixtures to save on replacement costs.
  4. Negotiation for discounts or price matching: Don’t hesitate to negotiate for better deals or inquire about package discounts for bundled services.
  5. Comparing quotes from different contractors: Obtain quotes from multiple contractors and suppliers to compare prices. Be upfront with contractors and ask them what you can do to bring the price down. Most often, they’ll work with you to stretch your budget as much as possible. 

Home Sweet Remodels

Home remodeling transcends bricks and mortar and breathes new life into your spaces and your life. 

While cost-saving measures are important, the quality and longevity of the remodel should not be compromised. 

Striking a balance between home remodeling costs and achieving your remodeling goals is key to a successful project in Louisville, KY. 

Give us a call today and let’s discuss how to create the space you’ve always wanted with the home you already have.