"From Old to New: The Chicago Price of a Home Rehab"

"From Old to New: The Chicago Price of a Home Rehab"

  • Barbara De Fries
  • 10/18/24
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:
  • Whole-home renovation
    A professional renovation of a 3,300 square foot home in the Chicagoland area can cost around $235,000.
  • Kitchens and bathrooms
    A full kitchen renovation can cost between $85,000 and $200,000, while a full bathroom remodel can cost between $30,000 to $130,000.
  • Gut renovation
    A gut renovation can cost between $100—$200 per square foot.
  • Cosmetic remodels
    Cosmetic remodels, like tiling, can cost between $50 to $250 per square foot.
  • Structural updates
    More complex remodels, like structural updates, can cost between $200 to $400 per square foot.
  • Roofing
    Roofing 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.
  • Appliances
    New 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.

Work With Us

B.I.G. utilizes the strengths of a well-coordinated project team to seamlessly manage every project from start to finish. Our marketing is in our customers and reputation, and we welcome the opportunity to work together. We are confident when you meet us you will feel the energy and excitement, and appreciate our B.I.G. culture. Areas Served: All Chicago neighborhoods, like the Loop, River North, Gold Coast, Lincoln Park, Wicker Park, Logan Square, Bucktown, Avondale, Lakeview, Bronzeville, Ukrainian Village, West Loop… just to name a few. Residential Redevelopment | Multi-Family Buildings | Commercial