How to Estimate the Cost of a Remodel

List all the projects you will need to have done for your remodel. For example, if you are remodeling your bathroom, you may need to have plumbing work done in addition to painting or installing new fixtures and bathroom appliances. Inspect the areas to be remodeled for any necessary repairs that may also need to be done during the remodel.

Use online estimators for initial cost estimates. Remodeling My Space provides an online remodeling calculator based on local contractor prices. Other online estimators include CostEstimator.com, RemodelEstimates.com and HomeRemodelEstimator.com.

Consult the most recent edition of Remodeling Magazine's Cost vs. Value Report. The report is released annually and gives national averages for many remodeling projects, both mid-range and upscale.

Read construction cost estimating guides and use computer software to provide a preliminary estimate. BNi Building News offers up-to-date, reliable remodeling cost estimating guides that are available for purchase online or in stores. Home Tech Online, the data source for Remodeling Magazine's Cost vs. Value Report, offers helpful cost estimating software.

Obtain estimates from at least three licensed general contractors. Keep in mind that estimates are not set in stone and may change by the end of the project. Always use professional contractors for remodeling projects, and ask for a list of references to ensure quality of work and reliable pricing.