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5 Most Expensive Home Improvement Projects You Should Know

U-shaped kitchen with skylight

Since we’re spending a lot of time at home due to the pandemic, many homeowners are turning to get their homes repaired. But not just any minimalistic update – they’re tackling more aesthetic, much larger, and more expensive projects.

Instead of replacing cabinet handles, they choose to upgrade the whole kitchen. They’re no longer satisfied with a fresh coat of paint – they want an entire home makeover.

These projects can add value to a home and make it more comfortable. These are some of the most expensive home renovations that are becoming popular.

Building a Deck

One of the popular home development trends today is outdoor living, and it’s one of the expensive ones, too. According to homeadvisor.com, the typical range cost for building a deck is $4,092-$11,381.

And the national average is $7,732. While it may be costly, a new deck provides extra living space and enjoyment for you and your family. Imagine being able to host summer BBQs or relax in your backyard oasis. In addition, if you’re planning on selling your home in the future, a deck is also a selling point. Well-designed decks can increase the value of your home by as much as $15,000. 

Bathroom Remodel

Another expensive home renovation project is a bathroom remodel. It may be the smallest space in your home, but electrical wiring, plumbing, decoration, and tile work can make a bathroom remodel very costly. 

Homeowners have many options when remodeling a bathroom. For example, they can install a new bathtub, update the tile work, or add new fixtures. However, some homeowners choose to do a complete gut job and start from scratch.

And the total cost will rely heavily on the choices made. For example, a complete gut job will be more expensive than updating the fixtures. But the average cost of a bathroom remodel is around $9,463.

It usually covers all the basic needs like new flooring, countertops, lighting fixtures, and painting. Moreover, bathroom projects provide some of the highest ROI of any home improvement project. So, if you’re looking to sell your home soon, a bathroom renovation project is a great way to increase its value.

Replacing A Roof

Leaks in the roof are more than just a nuisance-they can cause severe damage to your home. So instead of patching up the holes as they appear, it’s essential to take proactive steps to prevent leaks from happening in the first place.

One thing you can do is to replace your old roof with a new one. The national average cost of installing a new roof is around $8,000. Yes, it’s an expensive undertaking, but it will save you money in the long run. In addition, a new roof will be more durable and better able to withstand severe weather conditions.

So, no more patching up holes and leaky roofs – get a new one installed and rest easy knowing your home is well-protected.

 Bathroom with white cermaics and tub

Kitchen Remodel

A kitchen renovation project delivers a massive payoff in enjoyment while you live in your home and increases the resale value when it comes time to sell. The average cost of a kitchen renovation project can go up to $30,000, but it depends on the size and scope of the project and the materials used.

While the project is undoubtedly expensive and time-consuming, the results are more than worth it. A new kitchen can dramatically increase the value of your home and make your day-to-day life more enjoyable.

Imagine being able to cook in a beautiful, well-lit space designed specifically for your needs—or being able to entertain guests in an elegant kitchen that is the envy of the neighborhood. With a kitchen remodel, all of this is possible. 

Updating Windows And Doors

Updating your home’s windows and doors is a great way to improve its curb appeal and energy efficiency. The cost of replacing a window can cost as high as $1,200. 

While the national average for installing a new door is $1,017, the benefits sure outweigh the cost over time. 

You will be saving money on your energy bill each month and increasing the value of your home.

Financing Solution

Not everyone can afford these expensive home renovation projects, nor do they have time to invest. The good news is that you can find a lender of online loans for home improvement and use that money to finance your project.

Many online lenders have less strict requirements for home improvement loans, so you may be able to get a loan even if you have bad credit. The best way to find out is to shop around and compare offers from a few lenders.

Final Thoughts

Everyone has that expensive home renovation project they’ve wanted to tackle for years. Maybe it’s a total kitchen overhaul or a brand new bathroom. Perhaps you’ve wanted to make an addition to your home or convert your attic into a bedroom. Whatever the case may be, be sure to save up, do your research, and plan accordingly before taking on any big home renovation projects.