There’s been a huge uptick in residential remodeling in the last several years. In some states, homeowners are investing more on average than others.
To find out which states are spending the most, BuildFax analyzed the more than 80 million residential properties in our database to determine the average remodeling job cost per state in 2016 (for recorded job costs greater than $1,000).
[infogram id=”_/BYahdaa7AAQJSNUnwzgS” prefix=”GY6″ format=”interactive” title=”Residential Remodel Costs”]
Oklahoma is the biggest spender, averaging $120,474 for a residential renovation. Second, Louisiana, which averaged $112,977. Third, Georgia with an average of $107,353. Fourth, Hawaii, which averaged $102,890. And fifth, North Carolina, with an average of $97,401.
Here’s the complete top ten list:
- North Carolina
BuildFax analyzed the more than 80 million residential properties in our database to determine the average remodeling job cost per state in 2016. To do this we used advanced language processing and text mining to identify relevant remodels and additions with a job cost recorded of over $1,000. The values reported were determined using our proprietary algorithm which analyzes the relationship between reported job cost and true construction expense across the US.