COST
LAYOUT AND AGE OF HOME
Transform your underused basement into your dream space with LBR’s remodeling services. We’ll provide a customized design plan, top-quality materials and installation, and optional features to create a functional and stylish living space.
$100K
BOTTOM OF RANGE
$120K - $160K
AVERAGE RANGE
$200K+
TOP OF RANGE
THE TOP 6 FACTORS THAT DRIVE COST
LAYOUT AND AGE OF HOME
Basements are an extension of the family home and the hub of family play and engagement. Sometimes, it’s necessary to move plumbing or structural elements to achieve a desired function. This can drive cost. Age of home, water intrusion, radon, and uneven concrete can also add to your budget.
BASEMENT FEATURES
Custom bars, cabinets, wet bars, backsplashes, and appliances will all affect cost. A fireplace can make your basement the coziest space in the house. You’ll want to account for the cost of stone, a mantel, a gas line, and power when budgeting.
SPECIALTY ROOMS
Unique rooms like wine cellars, home gyms, and crafting rooms can be incorporated into your basement remodel. Cost for these specialty spaces depend on the level of customization, including materials, equipment, finishes, plumbing, electrical, and more.
BATHROOMS
Adding a bathroom to your basement can make the space feel more convenient, complete, and even luxurious. Bathrooms require water and electricity, and can certainly add to the cost of your project. The extent of plumbing you currently have in your basement can affect cost.
ELECTRICAL AND APPLIANCES
Appliances like kegerators, pizza ovens, and microwaves will impress your guests and create more convenience in your basement. Hidden mechanical updates required to power your new appliances can be an overlooked cost. We’ll help you determine those costs.
EGRESS WINDOWS & CODE COMPLIANCE
Egress windows are operable windows that accommodate a safe exit in the case of an emergency. They’re also a code requirement in all basements and can impact the project cost if they don’t already exist. Egress windows provide added natural light and ventilation, which allow a space to feel more comfortable.
1
LAYOUT AND AGE OF HOME
2
BASEMENT FEATURES
3
SPECIALTY ROOMS
4
BATHROOMS
5
ELECTRICAL AND APPLIANCES
6
EGRESS WINDOWS & CODE COMPLIANCE
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NEARLY FINISHED
WHAT’S INCLUDED?
A Nearly Finished Basement (NFB) is a cost-friendly way to start using a space in your home that’s underused. NFBs creates the framework of your basement and sets you up to turn an unfinished basement into your dream space.
$60K - $80K
BOTTOM OF RANGE
$80K - $90K
AVERAGE RANGE
$90K+
TOP OF RANGE
$60K - $80k
BOTTOM OF RANGE
$80K - $90K
AVERAGE RANGE
$90K+
TOP OF RANGE
THE TOP 6 FACTORS THAT DRIVE COST
LAYOUT AND AGE OF HOME
Basements are an extension of the family home and the hub of family play and engagement. Sometimes, it’s necessary to move plumbing or structural elements to achieve a desired function. This can drive cost. Age of home, water intrusion, radon, and uneven concrete can also add to your budget.
BASEMENT FEATURES
Custom bars, cabinets, wet bars, backsplashes, and appliances will all affect cost. A fireplace can make your basement the coziest space in the house. You’ll want to account for the cost of stone, a mantel, a gas line, and power when budgeting.
SPECIALTY ROOMS
Unique rooms like wine cellars, home gyms, and crafting rooms can be incorporated into your basement remodel. Cost for these specialty spaces depend on the level of customization, including materials, equipment, finishes, plumbing, electrical, and more.
BATHROOMS
Adding a bathroom to your basement can make the space feel more convenient, complete, and even luxurious. Bathrooms require water and electricity, and can certainly add to the cost of your project. The extent of plumbing you currently have in your basement can affect cost.
ELECTRICAL AND APPLIANCES
Appliances like kegerators, pizza ovens, and microwaves will impress your guests and create more convenience in your basement. Hidden mechanical updates required to power your new appliances can be an overlooked cost. We’ll help you determine those costs.
EGRESS WINDOWS & CODE COMPLIANCE
Egress windows are operable windows that accommodate a safe exit in the case of an emergency. They’re also a code requirement in all basements and can impact the project cost if they don’t already exist. Egress windows provide added natural light and ventilation, which allow a space to feel more comfortable.
1
LAYOUT AND AGE OF HOME
2
BASEMENT FEATURES
3
SPECIALTY ROOMS
4
BATHROOMS
5
ELECTRICAL AND APPLIANCES
6
EGRESS WINDOWS & CODE COMPLIANCE
THE TOP 6 FACTORS THAT DRIVE COST
1
LAYOUT AND AGE OF HOME
2
BASEMENT FEATURES
3
SPECIALTY ROOMS
4
BATHROOMS
5
ELECTRICAL AND APPLIANCES
6
EGRESS WINDOWS & CODE COMPLIANCE
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Pricing | Kitchen Remodel
Investing in a kitchen remodel can be a big commitment, but it’s also one of the best ways to increase your home’s value and functionality. Although it can be a more costly project, the return on investment makes it a smart choice for homeowners looking to upgrade their space.
$70K - $80K
BOTTOM OF RANGE
$90K - $110K
AVERAGE RANGE
$120K+
TOP OF RANGE
$70K - $80K
BOTTOM OF RANGE
$90K - $110K
AVERAGE RANGE
$120K+
TOP OF RANGE
THE TOP 6 FACTORS THAT DRIVE COST
RECONFIGURATION OF LAYOUT
An exceptional remodel often involves great space planning. An expert designer will ensure every inch of the space is being used to the fullest potential. Depth and complexity of the project can impact plumbing, electrical, and sub-flooring cost.
SCOPE CREEP
Once a kitchen is gutted and walls are taken out, there are many factors that influence the scope (or amount) of work. You can feel confident your LBR team has a plan in place to handle unforeseens. This includes HVAC, plumbing, electrical, finishing, flooring, paint, and more.
FLOORING
Flooring adds beauty, charm, and appeal to your design. It’s important to consider how flooring choices will enhance the cabinet and countertop choices. Price can vary based on the type and amount of flooring that’s chosen, and if it flows into other areas in the home.
APPLIANCES
Appliances are available in a broad range of prices, so it’s important to be cognizant of your options when budget planning. The hidden mechanical and code updates required to power your new appliances can be cost drivers.
CODE COMPLIANCE
Residential codes are always changing. The LBR team will ensure that your kitchen meets all necessary code requirements.This may require updates to your home’s mechanical specs and, thus, impact the cost of your project.
FINISHING DETAILS & MATERIALS
Finishing touches — like lighting, countertops, and cabinets — create a picture-perfect kitchen. Designer finishes change the project pricing, so understanding what finishes mean the most to your design will help you plan your budget.
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Pricing | Bathroom Remodel
With a plethora of features packed into a relatively small space, bathroom remodels are typically the second most involved project in a home renovation. Our expert team understands the cost-driving factors and will work with you to create a beautiful and functional space that provides a high return on investment.
$60K - $70K
BOTTOM OF RANGE
$80K -$100K
AVERAGE RANGE
$110K+
TOP OF RANGE
THE TOP 6 FACTORS THAT DRIVE COST
RECONFIGURATION OF LAYOUT
An exceptional remodel often involves great space planning. An expert designer will ensure every inch of the space is being used to the fullest potential. Depth and complexity of the project can impact plumbing, electrical, and sub-flooring cost.
FIXTURES, TILE, AND FINISHES
Having tile in your shower and on the floor will bring your design style to life and make the space look priceless. Fixtures like the bathtub, vanity sinks, and faucets can make a statement in your bathroom. The brand and style of your fixtures, tile, and finishes can be a significant cost-driving factor in your remodel.
VANITIES
Vanities will allow you to stay organized in style without compromising space. Choose from a variety of features like hamper pull-outs, sliding towel bars, or storage space for linens all allow you to customize your needs. These customizations, including wood type, finishes, storage, and door style, are all cost drivers.
ELECTRICAL
Good lighting is essential in bathrooms, especially around mirrors. It’s important to consider possible electrical updates to accommodate adequate lighting and outlets. These updates can affect the project’s cost, so be sure to talk to the LBR team about lighting during the planning phase.
CODE COMPLIANCE
Residential codes are always changing. The LBR team will ensure that your kitchen meets all necessary code requirements.This may require updates to your home’s mechanical specs and, thus, impact the cost of your project.
SCOPE CREEP
Every bathroom remodel project is different. Once a bathroom is gutted and walls are taken out there are many factors that influence the scope (or amount) of work. This can include HVAC, plumbing, electrical, finishing, flooring, paint, or any other element that may arise.
1
LAYOUT AND AGE OF HOME
2
BASEMENT FEATURES
3
SPECIALTY ROOMS
4
BATHROOMS
5
ELECTRICAL AND APPLIANCES
6
EGRESS WINDOWS & CODE COMPLIANCE
THE TOP 6 FACTORS THAT DRIVE COST
1
RECONFIGURATION OF LAYOUT
2
FIXTURES, TILE, AND FINISHES
3
VANITIES
4
ELECTRICAL
5
CODE COMPLIANCE
6
SCOPE CREEP
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Pricing | Whole Home Remodel
Transform your residence and the way your family lives with a complete home remodel. Let us help bring your renovation goals to life and be a part of this exciting journey. Contact us today to get started.
$150K - $200K
BOTTOM OF RANGE
$200K - $300K
AVERAGE RANGE
$300K+
TOP OF RANGE
$115K - $145K
BOTTOM OF RANGE
$150K - 190K
AVERAGE RANGE
$200K+
TOP OF RANGE
THE TOP 6 FACTORS THAT DRIVE COST
AGE OF HOME
Depending on the year your home was built, your project may require mechanical updates, like plumbing, HVAC, or electrical, to get the most from your remodel. Sometimes lead and asbestos will need to be remedied appropriately before construction begins.
SQUARE FOOTAGE
The more square footage you have, the more opportunity you have to enhance the overall function of your space. It’s important to note the cost associated with material and labor. Rest assured, your designer will craft the highest function for any given space, so areas don’t go unused or ignored.
OPENING WALLS & RECONFIGURATION OF LAYOUT
Vanities will allow you to stay organized in style without compromising space. Choose from a variety of features like hamper pull-outs, sliding towel bars, or storage space for linens all allow you to customize your needs. These customizations, including wood type, finishes, storage, and door style, are all cost drivers.
FINISHING DETAILS & MATERIALS
Finishing touches — like custom hardware, lighting, and specialty doors — create a picture-perfect look. Designer and upgraded finishes can change the project pricing quickly. Flooring, countertops, appliances, fixtures, and other finishes you choose throughout your home will also have their own range of cost.
ELECTRICAL
Electrical almost always plays a role in space planning. Outlets, old wiring, or electrical panels may need updating depending on the age of the home. Our team will make sure your home meets all necessary code requirements. This may require updates to your home’s mechanical and impact the cost of your project.
UNFORESEEN COSTS
Remodeling a large part of your home is an exciting way to make your space larger, feel fresh and look like new. Even savvy construction teams can’t be aware of all potential problems that are hidden inside walls and under floors. Luckily, with LBR’s experienced team and fixed pricing, you can plan for the unexpected.
1
LAYOUT AND AGE OF HOME
2
BASEMENT FEATURES
3
SPECIALTY ROOMS
4
BATHROOMS
5
ELECTRICAL AND APPLIANCES
6
EGRESS WINDOWS & CODE COMPLIANCE
THE TOP 6 FACTORS THAT DRIVE COST
1
AGE OF HOME
2
SQUARE FOOTAGE
3
OPENING WALLS & RECONFIGURATION OF LAYOUT
4
FINISHING DETAILS & MATERIALS
5
ELECTRICAL
6
UNFORESEEN COSTS
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Pricing | Historic Homes
At LBR Partners LLC, we understand the importance of maintaining the historic integrity of your home while incorporating modern updates and functionality. Our team of experts will work with you to create a personalized plan that fits your budget and ensures the preservation of your home’s historical value.
$70K+
BATHROOM REMODELS
$85K +
KITCHEN REMODELS
$130K+
BASEMENT FINISHES
$100K+
NEARLY FINISHED BASEMENTS
$110K - $120K
SMALL WHOLE HOME REMODEL
$125K - $140K
LARGE WHOLE HOME REMODEL
$70K+
BATHROOM REMODELS
$85K +
KITCHEN REMODELS
$130K+
BASEMENT FINISHES
$100K+
NEARLY FINISHED BASEMENTS
$110K - $120K
SMALL WHOLE HOME REMODEL
$125K - $140K
LARGE WHOLE HOME REMODEL
THE TOP 6 FACTORS THAT DRIVE COST
BRINGING YOUR HOME TO CODE
Remodeling a historic home often requires bringing it up to current building codes, which can involve complex and time-consuming work, such as adding egress windows, adjusting ceiling heights, rewiring the house, and adding insulation throughout the home. This extra work can drive up costs significantly.
SPECIALTY TRADES
In the Minneapolis market, specialized licensing is required for plumbing and HVAC contractors to work with historic homes. These specially licensed trades typically come at a higher labor cost due to their expertise and the complexity of working within a historic home.
CEILING HEIGHTS
Most cities require a ceiling height of at least 7 feet, especially in basements. However, historic homes often have lower ceiling heights, which can require extra steps such as digging down or moving pipes to meet code requirements.
UPGRADING MECHANICS & ELECTRICAL
Historic homes require upgrades to their mechanics, electrical, and plumbing to bring them up to current code. This can include rewiring the house, cleaning up existing electrical wiring, adding plumbing rough-ins, and adding a sub-panel.
LEAD & ASBESTOS
Lead and asbestos testing are done in all of our projects to ensure a safe living environment, but historic homes are more likely to have issues with these hazardous materials. Mitigating these issues can come at a significant cost to the homeowner.
FLOORING
Historic homes typically require new flooring, which can be an extensive process involving leveling the floors, waterproofing, and installing drain tiles. This process can be much more expensive than simply replacing existing floors.
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