Are you looking to update your living room but not sure how much to budget? Living room renovation costs can vary widely depending on the extent of the renovation and the materials and finishes you choose. Here's a breakdown of what you can expect to pay for a basic living room renovation versus a full-fledged renovation.
Basic Living Room Renovation: $5,000 to $10,000
A basic living room renovation can include simple updates like painting the walls, adding new lighting fixtures, and replacing old furniture with new pieces. With a budget of around $5,000 to $10,000, you can achieve a fresh new look for your living room without breaking the bank.
Some of the updates you can consider for a basic living room renovation include:
Painting or wallpapering the walls
Adding new lighting fixtures or updating existing ones
Replacing some of your old furniture with new pieces
Adding decorative accents like throw pillows and rugs
Refinishing or repainting existing furniture
With these updates, you can create a comfortable and stylish living space without spending a fortune.
Mid-Range Living Room Renovation: $10,000 to $25,000
For a more extensive renovation, a mid-range living room renovation can cost between $10,000 to $25,000. This budget allows for more customizations and upgrades, such as new flooring, custom window treatments, and built-in shelving.
Here are some of the updates you can consider for a mid-range living room renovation:
Replacing flooring with hardwood or luxury vinyl tile
Installing window treatments like drapes or shutters
Adding built-in shelving or storage units
Replacing or updating the fireplace mantel and surround
Upgrading the lighting fixtures with more high-end options
With a mid-range renovation, you can transform your living room into a more luxurious and personalized space that meets your specific needs and style preferences.
Full-Fledged Living Room Renovation: $25,000 to $50,000
For a full-fledged renovation, expect to pay between $25,000 to $50,000 or more. With this budget, you can create a truly custom living space with high-end finishes and custom details like millwork and built-ins.
Here are some of the updates you can consider for a full-fledged living room renovation:
Installing custom millwork and molding
Adding a custom built-in entertainment center
Upgrading to high-end flooring like luxury hardwood finishes
Incorporating decorative features like wallpaper or wall paneling
Adding custom lighting features like chandeliers or sconces
Adding luxury furniture pieces
One-of-a-kind art pieces
custom high-end window treatments
With a full-fledged renovation, you can create a living room that is not only beautiful but also functional and tailored to your specific needs and lifestyle.
Whether you're on a tight budget or looking to invest in a high-end renovation, many options are available for updating your living room. By assessing your priorities and working with a professional designer or contractor, you can create a space that is both beautiful and functional. With the right balance of cost-effective updates and high-end finishes, you can achieve the living room of your dreams within your budget.