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Remodeling a whole-house is20% to 50% cheaperthan tearing down and constructing a new home. However, if the home has basis injury, or old HVAC, plumbing, and electrical systems, new development could be cheaper. The National Kitchen & Bath Association recommends spending5% to 10%of your House & Home Improvement News home’s worth on remodeling a bathroom. Redoing a kitchen raises the property’s value and offers a return on investment of54% to 80%. If the house is beyond restore, the averagecost to tear down and rebuild a houseis$125,000 to $450,000or$104 to $165 per square foot.
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