The Best Home Renovation Contractors of 2022 (2023)

FAQs

What cost the most when renovating a house? ›

Repairs and updates to kitchens, bathrooms, or mechanical equipment are costlier home renovations. A kitchen renovation averages $25,000, but a bathroom is $10,000. Basements usually cost around $20,000. Other factors like permits and labor, site preparation, and materials also influence the price.

Typically, you can expect to spend at least $10 to $60 per square foot on any renovation. When you're deciding on your home renovation budget, it can be easier, and more affordable, to prioritize projects by room and build a budget around the cost of each individual project.

Advantages. Costs less: The cost to remodel your home is less than buying a new home because it's on a room-by-room basis. You don't have to remodel everything in your home, which means your budget can flow with what you need to do.

Siding replacement recouped 92.8 percent of its cost, according to the study. The only home improvement likely to return more at resale was a minor (roughly $15,000) kitchen remodel, which returned 92.9 percent. Replacing roofs and windows were also high on the list, returning 80 percent or more at resale.

Home Depot and Lowe's averaged about the same with reviewers in terms of store atmosphere, with Home Depot reviews tending to be slightly better. However, Lowe's does have the competitive advantage of larger stores (but the garden centers for plants at Lowe's vs. Home Depot are generally equal).

Who is the biggest home improvement retailer in the United States? ›

Will construction costs go down in 2022? The short answer is that it's not likely to happen. It was predicted by many economists in 2021 that the overall economy would have a slow recovery and that a housing crash could occur.

With a full kitchen renovation, homeowners can recoup about 59% of the cost, and a new master suite will typically return 50%, according to a study from the the National Association of Realtors and the National Association of the Remodeling Industry.

This is why experts agree that choosing to remodel your kitchen or bathroom first is traditionally the smartest move. And while kitchens typically cost more to remodel than bathrooms, they tend to yield a better return on investment, so they end up paying for themselves over the long run.

In 2022, the study reports, the average full bathroom remodel costs $26,574, for which homeowners can expect a return on investment upon resale of roughly 60 percent — about $15,944. In all 50 states, an average bathroom makeover increased a home's resale value by more than enough to pay for the renovation.

According to HomeAdvisor, the cost of a remodel was estimated at approximately $46,755. If this figure has to be included homeowners who complete only one or two projects at one time. Most homeowners should spend somewhere between $100,000 and $200k for a house renovation.

What do home buyers want in 2022? ›

“In 2022, affordability is the lead story followed by space.” Homebuyers, particularly first-timers, still want large kitchens, designated offices, and outdoor spaces they can enjoy in 2022, according to a recent survey by Zonda. However, many will have to align their expectations with finances.

Adding ceiling fans to rooms like bedrooms, the living room, or family room will add value to your home immediately.

The most obvious con of remodeling is that it can also be disruptive since you are, in effect, living in a construction zone with workers possibly coming in and out depending on the extent of the project. Remodeling can also be a financial liability.

If the inspection reveals only superficial repairs are needed — things like replacing broken doors/windows, repainting chipped walls, or adding some new shingles, then you've likely found a good investment. If the issues are deeper (think foundation, electrical, plumbing, etc.), then you might want to think twice.

If your home is still in good condition, renovation should be done every 15 to 20 years. Before you embark on a remodeling project, take time to evaluate your home.

Most homeowners find about a seventy percent ROI on new floors when they go to sell their house. So the short answer is yes. New floors can add a lot of value to your home if done right.

According to Remodeling's “Cost vs. Value” 2022 report, a bathroom remodel can recoup around 53% to 58% of the cost put into the project. The biggest factors of a bathroom remodel that can increase a home's value include updating worn-out items, modernizing fixtures, and creating a more functional space.

On average, a bathroom remodel might increase home values by some 66% of what's spent on the renovation. Upscale remodels might recoup some 57% of your costs in terms of increased home values. In simpler terms, a bathroom renovation costing $100,000 might increase your home's value by about $66,000.

Menards

If you're looking for stores like Home Depot, Menards is a great option. It offers almost everything that Home Depot does, but it's typically a bit cheaper. Plus, Menards has a rewards program that can save you even more money on future purchases. What is this?

Difference in stores and real estate

Lowe's stores average about 112,000 square feet of enclosed space and approximately 32,000 additional garden center areas. Home Depot alternatively has around 105,000 square feet of enclosed space and a slightly smaller garden area (24,000 square feet).

Who owns Home Depot? ›

Walmart doesn't have any affiliations with Lowe's. The two companies are entirely separate, and they don't have any ownership stake in each other. However, both companies are large retailers.

The home improvement store Lowe's announced today it is going to close dozens of its “underperforming” stores in North America–20 in the U.S. and 31 in Canada, to be exact. According to a press release, this is part of a restructuring to make the business more nimble and profitable.

No, Home Depot and Lowe's aren't owned by one company. They are both publicly owned by different entities. Neither Lowe's nor Home Depot own each other. Their shares are publicly available on the stock market and anyone who wishes to buy stock in either can do it.

Home Depot has 2,284 stores in North America, while Ace Hardware has 4,418 stores, most of which are independently owned and operated. However, Home Depot stores are typically much larger than Ace Hardware stores.

ACE Hardware is an affiliate of the SM Group of Companies.

Home Depot has 2,284 stores in North America, Lowe's has about 2,370, and Ace Hardware has 4,418 stores, most of which are independently owned and operated.

According to HomeAdvisor, the cost of a remodel was estimated at approximately $46,755. If this figure has to be included homeowners who complete only one or two projects at one time. Most homeowners should spend somewhere between $100,000 and $200k for a house renovation.

In general, smaller whole house remodels will take somewhere around 7 to 10 months to complete from discovery to the end of construction, if all goes well. Larger whole house remodels will typically take around 9 to 15 months; longer if there are issues with city permits or other unforeseen delays.

From £5,000 to £15,000 for the full services required for an extension and house refurbishment. You can also use a percentage estimate to get a feel for architect's fees, which usually range for 5% - 15% of your total project costs. This is the rule of thumb we used for our house renovation and it worked out.

How much does a new kitchen cost? ›

In 2022, the study reports, the average full bathroom remodel costs $26,574, for which homeowners can expect a return on investment upon resale of roughly 60 percent — about $15,944. In all 50 states, an average bathroom makeover increased a home's resale value by more than enough to pay for the renovation.

A: It's almost always less expensive to renovate an existing house than to buy used or build a new one.

Remodel vs. renovate

However, for professionals working in one or more of these industries, these terms actually entail two very different things. Essentially, the difference between them is that a renovation refers to restoring something to a previous state, while a remodel refers to creating something new.

When clients make a decision to remodel their home, the next question naturally is, “Can I stay in my home during a home remodel?” The answer is yes, most often you can.

Every house renovation project is unique, with its own set of components that make up the project. As a result, the total cost of renovating a house can vary considerably. Although it's hard to give a price for renovating a house, as a guide you can expect to pay between £76,900 - £138,800 for renovating a 3-bed house.

White is considered a symbol of purity and positivity. It's also associated with cleanliness and light, both of which are key factors in a functional kitchen. White is the best colour for kitchen as per vastu. That's because it disseminates positive energy and is the ideal kitchen colour for walls and floors.

How much should a 10x10 kitchen remodel cost? ›

On average, a 10×10 kitchen remodel costs between $15,000 and $30,000 or $75 to $150 per square foot. Most homeowners spend around $17,280 and $32,803 or $80 to $200 per square foot. Further, the total 10×10 kitchen remodel cost varies depending on various factors. For many homes, a 10×10 kitchen is an average size.