Coming up with construction project estimates can be challenging. Project costs can quickly add up, potentially causing the client or the project manager to underestimate the project’s total cost.
In this episode, I break down the costs of common construction projects so you can plan your project budget with confidence. From painting an entire home to remodeling a kitchen, I share the average costs based on my experience here in Northern California. I even explain why prices can vary and what I do to avoid surprises.
If you are looking for ballpark estimates for your construction project this episode is for you. Listen now to get the tips you need to prepare a solid construction project budget.
Don’t forget to check out the show notes for the Remodel Budget and Timeline Guide and additional resources and guides to help you on your journey. Let’s make your next project a success!
Why you’ve got to check out today’s episode
- Learn how to estimate the costs of various construction projects, including painting, flooring, and kitchen remodels, based on real-world experience
- Understand the average prices for different parts of a construction project, helping you set a realistic budget and avoid unexpected expenses
- Be empowered to confidently discuss budgets with your clients and ensure smooth project execution
Check out these episode highlights
03:10 – The Remodel Budget and Timeline Guide
The guide helps clients understand what to budget for and when to prioritize tasks during construction.
Cost Breakdown of Common Construction Projects (construction and materials & labor costs; design fees not included)
04:27 – Painting: $15,000 – $25,000
- Includes walls, trim, baseboards, doors
06:04 – Flooring: $35,000 – $45,000
- Includes new baseboards
- Types: wood, laminate, vinyl, tile, carpet
High-end paint and flooring throughout: $50,000 – $70,000.
07:45 – Kitchen Remodel: $150,000 – $250,000
- The first to get remodeled if not the only thing before selling the house.
- High return on investment
08:54 – Fireplace Updates: $25,000 – $35,000
- Includes replacing fireplace, wall rework, possible built-ins
09:33 – Laundry Rooms/Mudrooms: $25,000 – $35,000
- Smaller scale remodel
- With cabinetry and appliances
09:50 – Hall Bathrooms (guest bath): $50,000 – $75,000
- Includes shower, toilet, vanity remodel
11:27 – Primary Bathrooms (standard remodel): $70,000 – $125,000
- Includes steam showers, saunas, freestanding tubs
12:27 – Considerations and Additional Costs
- Permitting Fees: Additional costs to consider
- Design Fees: Separate from construction and material costs
- Contingency Budget: Recommended 20% buffer for unforeseen expenses
Example: A kitchen and primary bath with an overall cost is $400,000
13:38 – Project Timeline
- Design Phase: 6-8 weeks (specifications, furniture layout, material & furniture sourcing, drawings and elevations)
- Furniture Ordering and Processing: 1-2 weeks
- Furniture Production Timeline: 8-12 weeks
- Bidding With a Contractor: 2-3 weeks
- Renovation Timelines:
- Small renovations (small bathroom): 8-12 weeks
- Larger renovations (kitchen): 4-6 months
- Whole house renovations: 12 months
11:51 – Bonus Tip: include in your overall cost a 20% contingency in the budget
Next Steps
Grab your freebies:
- Furnishings Investment Guide
- Your Roadmap to a Career in Interior Design
- 3 Things I Wish I had known when I Started my Career
Take a Quiz!
- Find Your Perfect Interior Design Style if you are curious about your design style
- Find Out What Type of Interior Designer You Should Be!
Join the Design Mentor to kickstart a successful career in interior design!
Check out the best books every interior designer should have here.
Email me at [email protected] if you have suggested topics
DM me on Instagram at @rwarddesign if you have a burning question
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Links Mentioned
- The Remodel Budget and Timeline Guide
- Remodel Survival Guide: a step-by-step process on the construction side of a remodel project
Thanks for listening. I hope this helps you discover if interior design is the career for you. See you next week…