Where you live impacts cost big time!
As is true with so many different products and services—and especially in the residential real estate market—where you live has an enormous impact on cost.
We took a look at data from the Harvard Joint Center for Housing Studies to see what metro areas have the highest and lowest average renovation cost...and wow, what a difference!
Cities with the highest spending
The five metro areas with the highest average per-owner renovation spending are:
- New York ($5,340)
- Washington ($5,230)
- San Francisco ($5,030)
- Denver ($4,760)
- Boston ($3,970)
Cities with the lowest spending
Among the largest 25 metro areas, the five metro areas with the lowest average per-owner renovation spending are:
- Memphis ($2,110)
- Riverside ($2,220)
- New Orleans ($2,530)
- Atlanta ($2,630)
- Houston ($2,770)
If you are budgeting for your project and looking at data on average project costs, don't forget to take into account that your region may typically have larger or smaller per-project costs. And no matter who is running the project or how big it is, keep your purchases organized with Pocketdoor. Sign up for free today!
Note: Unless otherwise noted, values are for 2015, which is the most recently updated data from the Harvard JCHS. Photo by Kody Gautier.