Do you want to have a home remodel in 2022 but don’t know how much it will cost? We’ve compiled a list of common home renovations that people do today and developed reasonable, estimated budgets for you to follow.

Things could get out of hand quickly if you’re not careful! There are ways to reign things back in if you run over budget. Do you have more money than anticipated? Then go ahead and upgrade to an even better model – maybe even add some luxuries.

Many homeowners find they can afford significant renovations because their paychecks grow with inflation. Also, interest rates tend to be low after 2020, so your monthly mortgage payment stays manageable. You might even be able to afford an entirely new home!

How to Budget for Your Home Remodeling Project

These budgets are the maximum. If you choose not to do everything on this list, adjust your budget accordingly.

• New heating and cooling system: $14,000
• Updated appliances: $5,000
• The fresh paint job in every room: $7,500
• Move-in ready landscaping (mow the lawn): $3,500
• Replace all windows with energy-efficient ones: $6,000 
• Fix foundation issues that might lead to structural damage later down the line: $12,000 

Total Project Cost = around 34k if you strictly follow these budgets. Between 50k and 74k if you can afford to go all out.

When considering the cost of a home renovation, you have to consider more than just how much it will cost to get started. Take into account the entire charge over time – which is why sometimes low-cost renovations are better options! 

The example above does not include repairs related to normal wear and tear on your home or property that might need fixing in the future.

Also, the above budgets are by no means complete. Only include the necessary expenses for your home makeover.

For example, you might need to replace some old grass with new sod one year or paint the shutters on your house another. Include these extra costs in an overall budget for your home renovation, including everything from appliances to landscaping. 

If you’re doing all of these renovations yourself, here’s a tip: wear breathing gear while working on painting day! Those fumes can do damage. Many people choose not to use latex paint – but it is much less smelly and healthier than its predecessors.

You’ll also want to sand down surfaces beforehand because using sandpaper can be dangerous. The dust should go in the garbage, not in your lungs!

Costs to Consider When Remodeling Your Home in 2022

Now that you’ve moved into your dream home, it’s time to start working on making it just suitable for you. With the economy in much better shape than when you purchased your new home, you’re in a great position to work with some of the best home remodeling contractors in the area. 

You can put together an excellent plan for your future home remodeling. Here are some things to think about when planning out what it’ll cost to complete these projects in 2022:

Carpet

Average cost: $2 per square foot 

Comfortable padding underneath your feet will be one of the first things you want to consider as an upcoming feature of your future living space. A carpet works well with kids and pets. That option should be at the top of your list if either or both have joined your family by 2022.

Cabinets & Countertops

Average Cost: $1,000 – $3,000 

This expense will vary greatly depending on the size and number of cabinets you choose to install in your kitchen. If you want modern or rustic cabinetry, expect to pay more for these features. 

Granite countertops are a timeless choice if you’re thinking about upgrading your counters throughout your house. The cost will again depend on the amount that you need for installation. 

Keep in mind that any appliances that need replacing can affect this project’s timeline and budgeting.

Floors

Average cost: $5 per square foot 

If carpet isn’t what you have in mind, hardwood and tile floors are the following best options for remodeling. You’ll likely need to replace any existing flooring you have before this project begins, as both of these materials require a solid foundation. 

The cost for installing these different types of flooring is about the same; it just depends on what your personal preferences are and which one will suit your future home’s style the best.

Home Additions & Structures

Average Cost: $10,000 – $50,000 

This category covers everything from adding an extra room to building a new garage or outdoor shed. If you decide to expand your living space by adding more rooms and structures around your property, be sure to leave ample time and funds for this project.

Kitchen Upgrades 

Average Cost: $5,000 – $15,000 

If you want to stay on budget and create a nice feature in your future kitchen area, appliances are a great place to start. New countertops and cabinets will cost less than adding an entirely new room or structure to your home. 

You can also gauge the cost of remodeling your kitchen based on how much work you need for electrical, plumbing, and heating elements, as well as drywall repairs. The more extensive the upgrades you have done for this room, the higher the price tag.

Plumbing & HVAC Systems

Average Costs: $4,500 – $6,400 

These two systems work together to provide you with hot water, clean drinking water, and warm/cool air, depending on the season. If you’re looking for a comprehensive remodeling project in 2022, this would be it. The cost will likely fluctuate due to your specific requirements and what needs updating most.

Walls & Ceilings

Average Cost: $1,200 – $2,000 

As is true of all remodeling projects, how much work you need for these parts of your future home will depend mainly on the condition of the walls and ceilings when you start working on them. 

Keep in mind that painting can dramatically change the look and feel of any room in your home. If done correctly, though, this simple aspect can also cut down significantly on the total cost of your remodeling project.

Dividing Your Expenses Properly During Remodeling

This expense will vary greatly depending on the size and number of cabinets you choose to install in your kitchen. If you want to be frugal about it, you can opt for a more straightforward design or even use some of your older cabinets from another room.

Homeowners who have enough space for more structural elements around their home should consider adding an extra room or two depending on what they need/want most at the time. 

Adding additional bedrooms is a great way to accommodate larger families, creating multipurpose rooms.

Appliances are generally the best place to start if you want to keep your future 2022 kitchen looking modern and updated. You can always call home remodel companies for help.

Not only do these make your cooking and cleaning tasks more convenient overall, but they also help boost the resale value of your home if and when you decide to sell it.

Beyond making sure that all electrical outlets and appliances function correctly, this is one area that most homeowners don’t spend much time or money on until it’s necessary. 

However, extensive drywall damage could indicate issues with plumbing or HVAC systems which would mean extra expenses down the road with replacing these parts of your home.