With this estimate, you can analyze your home loan options or hire a professional to get started on the work right away.
We are happy to offer you options for professional remodeling contractors who have worked in your neighborhood and been vetted by your neighbors. You can explore each contractor's profile, check out their online reviews, view all their previous permits, and then ask around your vicinity about whether you should hire them.
Why should you estimate the cost to remodel a home office?
With the growing trend of more and more homeowners working remotely, remodeling home offices has gained popularity. If you have a job where you can work from home, it’s a good idea to have a dedicated home office space that allows you to work efficiently. Such a workspace will also provide you with privacy during your working hours.
Moreover, a planned office renovation helps to improve the functionality of your workspace by organizing your hardware and office needs. These could include setting up multiple power outlets for your electronics, the right computer network wiring, comfortable office furniture, furnishings and other hardware.
Once you make the commitment to remodel your home office, you need to know how much of an investment you require for this home renovation.
An estimate helps you organize your home improvement project and effectively manage milestones and costs.
Acquiring a free estimate for your home office remodel will help you create a realistic budget – getting you quality work at a fair price. It’s also the best way to ensure that you don’t stumble across any unwelcome surprises during the execution of your project.
A carefully planned remodeling project can greatly increase the value of your property in the home buyers’ market. Experts believe that the resale value of a home office update, with quality cabinetry, storage space, brand new carpeting, drywall and new electrical wiring, can get you as much as a 48% return on investment.
What is the average cost to remodel a home office?
The average home office remodel cost runs about $28,400. That includes cabinetry and countertop installation, storage space, new carpeting, drywall and new electrical wiring.
In terms of square footage, a home office remodel is approximately $187.80 per square foot. That price structure includes the cost of hiring professionals such as a carpenter ($70 per hour), an electrician ($65 to $85 per hour) and a painter ($20 to $35 per hour).
Hiring a professional office organizer would cost an additional $480.
How do home office remodel costs vary?
The total cost for upgrading a home office varies according to several factors, such as the materials used, the office size, the scope of renovation, the home office design, your zip code, local labor costs and the finishing details – to name (more than) a few.
What to consider when adding a home office
If you want to design an effective home office that enhances your productivity, there are many things to consider. Designing and remodeling your home office would include:
Make sure your home office is connected properly and safely to internet service, to electricity through convenient-to-reach wall outlets and for all other electronic devices. These could include a printer, scanner, wired telephone or a TV for video conferencing.
Once your connectivity needs are taken care of, only then can you focus on your actual office work.
You may have to upgrade the amperage to your home office in order to support all the devices you need. Consult with an electrician if you need to upgrade your home’s electrical panel.
Don't underestimate the importance of the right furniture for your office, especially if you plan on inviting clients. What you choose depends on the total square feet of available space, your office design and style, the intended function of the home office setup and of course your remodeling budget.
Just remember not to cram so much office furniture into the space that it looks unorderly. At the same time, the interior design of your home office should reflect your unique personality and tastes.
Plan on buying a quality work desk, office chairs, cabinet space for storing your files and folders and, if desired, a couch
To work efficiently and productively, you need to make sure that your hardware is up to date. Check if your existing hardware is enough to support your work. The costs for these updates depends largely on your needs.
While a new computer will cost you anywhere between $500 to $1,500, a new scanner will cost you about $350. You can get a new phone or a simple printer for less than $100.
Would a home office remodel get you tax breaks?
The U.S. tax code offers a variety of tax breaks that can help you finance your new space. But keep in mind that the home office deduction is limited to the area that you use exclusively for work. Moreover, it needs to be your principal place of business.
So if you do not have a dedicated room for your home office, it needs to be clearly demarcated from your living area.
It’s best to talk with your tax expert to determine the details of these tax breaks. Here are some tax benefits that a home office remodel offers:
- 1. Anything you buy that’s directly related to your home office is deductible. This category includes furniture, electronics, a dedicated phone line and internet service.
- 2. Depending on the percentage of your office area vis-à-vis the total square footage of your home, you can deduct the equivalent percentage of your property's utility bills, insurance, general maintenance and other general expenses.
Keep in mind that when it comes to home offices, each tax season is a new process. So you need to report your taxes and deductions every year as accurately as possible.
The best way to remodel your home office? Always plan ahead
It’s very important that you plan your home office upgrade well in advance. Here are some tips to make the process easy and quick:
- Collect inspiration and information by visiting design sites.
- Set a realistic home remodeling budget. Always include leeway for surprise costs. Experts advise adding an extra 20% to your existing budget.
- Prioritize the features to suit your office requirements.
- Choose furniture that fits within your budget but is also comfortable for you to use for long hours.
- Work with remodeling experts. A professional will ensure that all permits and inspections are up to date. Don’t forget to check your local building code.
- Make sure they provide electrical wiring, lighting and plumbing to code.
- Upgrade your heating and cooling system for maximum convenience.
- Install a new thermostat if required.
- Plan on installing canister lighting and a ceiling fan.
- Be sure to get a warranty or guarantee from your contractor.
- Get a written contract from your contractor. The document should detail the complete schedule, deadlines for milestones and payment details.
You need to plan ahead and not leave anything pending. Once your project starts, you don’t want any unexpected hassles and issues.
A great home office has a lot of value for potential home buyers. A professional finish can go a long way in helping you get the best price possible for your home.