We explore the reality of what home remodeling costs actually are in today’s market. If you are thinking about remodeling a home and have some questions, we are here to inform and help. After a consultation with us you will be better prepared to tackle your remodel project with fewer possible mistakes.
If you need some help with a remodel project or just need some general guidance on what to repair or remodel we can walk you through those situations. Give us a call today at 972.521.1817 or send us your info on the form below and we will reach out to you.
If you are thinking about flipping your first house please explore our other articles to start off on the right path. Flipping houses is simple but NOT EASY to make money. There are so many opportunities to lose money you need to be very prepared and we can help you with that.
Video Transcription
The Reality Of Home Remodeling Costs
Adam: Hi everybody. This is Adam from We Buy Houses Fast in Dallas. We’re looking at a house here in Dallas to possibly buy. It’s an inherited house. The owner thinks this house only needs paint and carpet, but I’m going to show you exactly what it’s going to take to take this house from what it is now to a completely remodeled house. So once you walk through here with me, and I’ll point out a few things and show you exactly what it takes to remodel a house the way it needs to be to sell it for top dollar. Come on.
So just stepping into the house, this house was built in 1981. You can see how outdated everything is from the flooring to the popcorn ceiling, to the window treatments. Everything needs to be replaced in here. Obviously, a lot of this right here that we just pointed out is cosmetic, but when you get into the main living areas, you can see how dark it gets. This is all the wood paneling. Not that this necessarily has to be replaced, but you got to at least brighten it up and paint it, and change the look in here. Old fireplace, again, old carpet. Needs to go.
And then follow me into this kitchen. I want to show you what this kitchen looks like here. Again, these older homes have partitioned walls. They close off all the rooms. Nowadays, everybody wants an open concept, so we would basically blow out at least one of these walls, maybe two of these walls, which means you’re putting a beam up in the ceiling to support loads. This entire kitchen would have to be replaced. You got cabinets with handles in the middle. It’s old, it’s outdated. The function of this kitchen would not work after you blow out this kitchen. So you’d have to completely rearrange this kitchen.
Again, the owner is thinking praying carpet, but this remodel, just from what you’ve seen, and there’s three bathrooms that all need to be remodeled. This house is easily a $75,000 to $90,000 remodel. Let me just show you one more thing in here, and this is just from what we see. You’re always going to find something that you can’t necessarily see once you get into a remodel. Unforeseens always are going to happen. When you see the little things like this, where you see some water damage up here and cracking, that could be several things. That could be a roof issue, that could be a foundation issue. It could be minor, just settling situation. Most likely, it’s all three of those, and we’re going to have to account for that. So you’re just adding layer upon layer upon layer of repair costs to your budget.
It takes a lot more than people think. And just to give you guys this idea that this house is 2300 square foot, three bedroom, three bath. Just to take it from as is, even though it’s in decent shape structurally, to the point where we can sell this for top dollar, we’re looking at, let’s call, it $85,000. So if you have any questions, reach out to us at our website at webuyhousesfastindallas.com, or you can call us at (972) 521-1817. Thanks and have a great day.
