As a leading real estate data company, Kukun has detailed data on virtually every home in America. We use this data about your home’s size, bedrooms, bathrooms, location, value, and more, to create a highly accurate cost estimate of the renovations you want to do.
Plus, we show you the ROI on your renovation and options for saving money or making more luxurious selections.
Confidential Address-Based
The average home office remodeling cost runs about $28,400. That includes cabinetry and countertop installation, a home office desk, storage space, new carpeting, drywall and new electrical wiring.
In terms of square footage, a home office renovation 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.
The total cost for upgrading a home office varies according to several factors, such as the home office ideas, 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.
It's always cheaper and easier to convert an existing space into a home office rather than building a new one from start to finish. The average cost for a home office conversion is around $400 to $3,000 - depending on the type of room you're utilizing.
Here's a look at the approximate costs for some common home office options:
Kukun's home office cost estimator is a helpful tool for homeowners who want to calculate the cost of adding or upgrading a home office. Simply enter your specifications for the home office ideas to get a realistic estimate of your renovation cost instantly!
The calculator uses relevant data such as your zip code, local labor costs and other parameters.
Getting an estimate through Kukun's cost estimator is easy. Just follow the steps below to get your confidential address-based estimate right away.
1. Select the type of remodeling you're planning from the following options:
2. Specify the size of your home office
3. Enter your property details and complete address
4. Mention your home size in terms of square footage
5. Enter your approximate home value
And there you go - an estimate for your home office cost is ready! You can choose the finish level you want and see the price difference. What's more, you can decide whether you'll be hiring a general contractor or not.
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.
With the growing trend of more and more homeowners working remotely, newer home office ideas and renovations have 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. Your home office ideas could include setting up multiple power outlets for your electronics, the right computer network wiring, comfortable office furniture, furnishings, hardware, and a sufficient home office ceiling light. You may also consider having good home office paint colors to make the space productive. Design experts recommend using soothing, earthy home office colors such as green and blue to evoke a feeling of calm - especially if you want a stress-free zone. Light home office colors such as warm whites and beige are great if you want to create a home office free of distraction.
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 office ideas and effectively manage milestones and costs.
Acquiring a free estimate for your home office project 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 a good return on investment.
Having a designated home office, with soothing home office colors and well-installed home office ceiling light, helps you stay organized and get in the right frame of mind for work each morning. This has been especially important during and after the pandemic when the work-from-home culture was the norm.
Since you have a distinct space to work, with separate home office furniture, it also aids in maintaining a healthy work-life balance.
According to recent studies, adding a home office to your house might boost its value by 10%! Given that the national average home price is $400,000, the possible value increase is about $40,000. That's another good reason to have a home office.
In terms of home office ideas, you could choose between an industrial home office, a Scandinavian home office, a minimalist home office, a farmhouse-style home office, a bohemian home office, or a mid-century modern home office according to your design preferences.
The size of a home office can vary widely, but it typically ranges from 50 to 150 square feet. However, many people desire a space of more than 200 square feet to accommodate good office storage, a home office desk, and a comfortable working area.
There are also some homeowners who are quite content with a small home office area between 20 to 50 square feet. Such an office space would be roomy enough for a person to work at a home office desk, some basic home office furniture, and equipment.
A home office should allow you to work from home efficiently during the day. And, you should be able to close the door when you're done and then spend quality time with your family. Such a break is important for preserving a healthy work/life balance.
The 100 sq. ft per person rule of thumb works well for open-plan home office ideas. In fact, if you live in a single-family home, an apartment, or a condo (regardless of whether you own the property or rent it), you may claim a tax deduction.
The home office deduction requires that a section of your residence be regularly used for just business activities in order to qualify.
The IRS allows you a deduction of $5 per square foot of your home that's utilized for business purposes - up to a limit of $1,500 if your home office is 300 square feet or less.
For example, if you have an eight-room home and utilize one of them as an office, your percentage of business use will be 1/8 or 12.5%. Alternatively, if your home had total square footage of 2000 square feet and your home office took up 168 of those, your business use percentage would be 168/2000, or 8.4%.
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 home office furniture, 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, the kind of home office desk you want, and of course your remodeling budget.
Just remember not to cram so much home 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 home office desk, office chairs, cabinet space for storing your files and folders and, if desired, a couch.
An ergonomic chair costs between $150 and $700 on average, a standing desk with adjustable height (a trending office item these days) costs $225 to $700, a basic whiteboard costs $25 to $75, and a video conference setup costs about $1,000 for a webcam, microphone, speakers, and high-speed internet access.
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 depend 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.
There are many flooring options to choose from. Some of the most popular ones include:
You should factor in the cost of the new home office ceiling light too. You could choose between incandescent light bulbs, fluorescent/compact fluorescent bulbs(CFL), and LED light fixtures. However, the best home office ceiling light would be LED bulbs that use less energy and last longer.
It's essential to use the right home office paint colors to help you work efficiently. Home office paint colors do not just refresh a lackluster room, they also give you a productivity boost. You'd want to choose home office colors that will keep your energy focused, inspire you to work better, and also have a calming effect on your senses.
Some of the popular home office colors are browns, blues, greens, and yellows.
Wall finishing with drywall costs $40 to $60 per panel. You could also choose between a brick wall that costs around $12 to $17 per sq. ft. or paneling costing $5 to $12 per sq. ft.
Outdoor wall finishing options include concrete blocks ($20 to $30 per square foot), brick ($20 to $30 per square foot), and siding ($6.50 to $12.50 per square foot).
Insulation is an important part of home office energy efficiency and comfort. Keep in mind that the thickness or R-value of the insulation material will determine the cost of the insulation. You can choose between fiberglass, foam, and cellulose insulation. The cost for these varies anywhere between $0.12 to $6.87 per square foot.
Having a soundproof home office with complete privacy will help you stay focused and productive. It's also great for other family members who would appreciate not being disturbed by your phone calls and other sounds. Apart from acoustic panels, foam insulation, and mass-loaded vinyl, you could use drapes, carpets, rugs, and wall hangings to muffle sounds. Soundproofing a room costs $1,000 to $2,500 - including labor cost, material costs, and tools.
Heating and cooling the new room adequately will add to your comfort. While a window air conditioner costs $200 to $1,000, a split or ductless air conditioning system will cost between $1,000 and $3,000. In terms of a heating system, floor heating for a small room costs about $800, while an electric furnace comes at a price of $1,600 to $3,200.
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 makeover offers:
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.
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:
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.
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