If you own your own home, at some point you are probably going to want to do a remodeling project. How much such a project will cost and how long it will take will depend on a wide range of factors, including what type of project you are doing and whether you are hiring a professional to do the job.

How much does it cost?

How much your remodel costs is going to depend largely on the scope of the project. According to a survey by Houzz, homeowners spend nearly $60,000 on average on a remodeling project as of 2016, but there is a huge variation in what each project costs. Something very simple, such as painting and putting in new carpet or flooring in a room, will run you only a few thousand dollars. On the other hand, tearing out and completely redoing your kitchen or bath can cost you tens of thousands of dollars. Other factors also come into play. According to the Houzz survey, People who are getting ready to sell tend to spend less money on projects than those who have just moved into a home — only about half as much. Also, older homeowners tend to spend more than younger homeowners on a remodel, with those 55 and older spending three times as much as those 25-34. Another factor that comes into play is whether you do any of the work yourself. Having a custom remodel done by an expert firm such as Alair Homes Winnipeg will cost much more than a do-it-yourself project, but the results are likely to be a lot better.

How long will it take?

As with price, the duration of your project depends on a number of factors, with the two largest being the scope of the project and whether you are doing some or all of it yourself. A complex project that involves demolition and running new utility lines, such as a major remodel or addition, can take weeks to finish. On the other hand, a mostly cosmetic project may be able to be completed in a day or two. If you are doing something on your own and only have nights and/or weekends to dedicate to it, a relatively simple project could wind up taking you weeks. But if you have a dedicated contractor working only on your remodeling project, things will go much faster. Many minor remodels done by contractors can be finished in a day or two.

When planning your remodel, you should take all of these factors into account.