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House rehabs often refer to extensive restoration projects, such as when an area is unlivable. They may also include restoring historic elements. Renovations focus on updating or improving a home without major layout or structural alterations, while remodels may alter existing floor plans to create new rooms or expand the home.

The best way to estimate renovation costs is to consult with a local interior designer, local architect, or remodeling contractor in your area. Add 20% extra to your budget to account for unforeseen issues.

A $100,000 remodel can usually achieve high-end or extensive results. A full bathroom remodel with new features, like a bathtub, toilet, and countertops, costs about $55,800. A new kitchen with custom cabinetry, granite countertops, hardwood floors, and Energy Star appliances costs $65,000. In smaller homes, $100,000 may be enough for a complete gut and restoration.

Remodeling is less costly than building a new house. The average cost for a whole-house renovation is around $47,840, with $160,000 being on the higher end of the price range. On the other hand, the average cost to build a house in the U.S. is $320,000.