When determining a budget for your next home remodeling project, many variables determine the price. One of the greatest factors, however, is your locale.
Of course, the difficulty/scope of the remodel, material quality, and premiums on talent always are taken into account. But comparing project costs in Chicago versus the rest of the Midwest illustrates how important where you live is as a cost determinant.
By consulting Remodeling Magazine’s 2017 Cost vs. Value Report, you’ll find the price of a family room addition in Chicago ranges from $110,000-$115,000. Compared to a family room addition in the rest of the East North Central Region ($90,000-$95,000) and nationally ($85,000-$90,000), the price is significantly greater.
But what location-based factors that go into these differences in price range? Here are a just few:
– Chicago’s cost of living is astronomical compared to some of its suburbs. Labor costs reflect the price of rent and travel.
– Logistics of moving labor and materials to certain parts of the city vary.
– Because a remodeling project can be one of the best investments you make in the future of your home, your contractor understands the value of their work.
When you apply those variables to Grand Rapids, jobs become less expensive. Other contractors charges less, mortgages are less expensive, the city is more accessible, etc. That means you save money on remodeling prices. By comparison, the cost between $85,000-$90,000 for a family room addition in Grand Rapids, which is lower than national and regional averages.
The result at the end of the day is a less expensive project if you live in Grand Rapids.
Milmar Post Buildings & Construction blends Amish craftsmanship and professional design to deliver homeowners beautiful home remodeling projects and post-frame structures. Whether you live in a high-rise in Chicago or a cottage in South Haven, we’ll provide high-quality construction at a price you can appreciate. Contact us today to request a consultation.