Partnerships between Hearst Magazines and Yahoo may result in them earning commission or revenue from certain items featured in this article. If you’re eager to embark on a home renovation project this year, chances are you’re feeling the pinch of rising costs across the board. However, a glimmer of hope shines for residents of Oklahoma, Louisiana, Oregon, Ohio, and South Dakota, as data from experts at home services platform Thumbtack reveals that these states offer the most budget-friendly options for renovations.
Nationwide, the average cost of renovating a basement stands at $22,898. Yet, in Oklahoma, the same project may only set you back about $6,685, presenting a stark contrast. Conversely, South Dakota tops the list of the five states mentioned, with an average cost of $18,589 for basement renovations. Costs for other common renovation projects such as living rooms, kitchens, bedrooms, and home offices appear relatively consistent across these states.
Considering a move due to escalating real estate prices? Hold that thought. Instead of navigating the tumultuous housing market, staying put in one of these cost-effective states and investing in revamping your current space could be a worthwhile strategy. Expert insights shed light on why these particular markets offer exceptional value for home renovations.
In regions where renovation expenses are comparatively lower, clients often approach projects with a sense of optimism rather than dread, notes Adrian Andronachi, founder of AGA Builders. Emphasizing practicality over extravagance, clients in these areas prioritize durability, functionality, and value for money. Andronachi stresses the significance of thoughtful design, suggesting that affordable renovations need not compromise aesthetics. Clever design choices can yield transformations that rival those in high-cost regions.
While undertaking a renovation in a more affordable state may seem like a cost-saving endeavor, it’s crucial to allocate a buffer in your budget. Aldo Ceja, Thumbtack’s home expert, warns of potential challenges that can escalate expenses rapidly, particularly when dealing with concealed issues like outdated wiring or water damage. Additionally, managing contractors, permits, and design decisions can be a source of stress. Ceja underscores the importance of engaging trustworthy, reputable professionals who can navigate common concerns encountered during home improvement projects.
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