The cost of a home renovation in Chicago depends on many factors, including the size of the home, the scope of the project, and the quality of the materials used:
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Whole-home renovationA professional renovation of a 3,300 square foot home in the Chicagoland area can cost around $235,000.
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Kitchens and bathroomsA full kitchen renovation can cost between $85,000 and $200,000, while a full bathroom remodel can cost between $30,000 to $130,000.
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Gut renovationA gut renovation can cost between $100—$200 per square foot.
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Cosmetic remodelsCosmetic remodels, like tiling, can cost between $50 to $250 per square foot.
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Structural updatesMore complex remodels, like structural updates, can cost between $200 to $400 per square foot.
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RoofingRoofing projects can range from $5,000 to $10,000 for asphalt shingles and upwards of $20,000 for higher-end materials like metal or slate.
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AppliancesNew appliances may cost $200 to $10,000 each, depending on the appliance type and quality.
Before starting a home renovation project, it's important to calculate your remodeling return on investment (ROI). You can also consider the "capped value" of your home, which is the highest possible assessment based on your location.
If you're doing a gut renovation in Chicago, budget from $100—$200 per square foot (costs will be lower for a non-gut). For any renovation, wet rooms—spaces with plumbing, like kitchens and bathrooms—will cost more than dry rooms. Materials and finish level will heavily impact costs.