In part 2 of “Home Projects and What They Cost”, we highlight more of the most bookmarked stories from our Great Home Projects series to show you high-impact changes you can make to improve your home.

1. Switch to a Tankless Water Heater

A properly designed and well-installed tankless water heating system can provide you with constant access to hot water and lower monthly bills.

Cost range: In the U.S. the cost ranges from $2,000 to $4,500 for a completely new system installed; it can vary a lot depending on the amount of work required and the number of individual units.

 

2. Remodel Your Fireplace

Replacing a fireplace wall is mostly an aesthetic choice, but if yours is a commanding focal point in your room, then it could be worth the time and effort for an overhaul. Plus, an updated fireplace can also increase resale value.

Cost: Drywalling over a brick fireplace could run about $1,500. A 6-foot-wide floor-to-ceiling paint-grade oak or poplar fireplace with a tiled hearth could run around $2,000. Wrapping an entire fireplace wall in stone and adding a custom mantel could run around $9,000.

 

3. Tear Down a Wall

The goal of most wall-removal projects is to connect rooms and create a more open floor plan. Removing a wall can also bring more light into a space and create better flow. (An exterior wall can also be removed and the area bumped out to increase space.)

Cost:

To remove a non-load-bearing wall, one story or two, when you’re installing carpet: $2,500 to $3,000

To remove a single-story load-bearing wall: about $10,000

To remove a two-story load-bearing wall: $20,000 to $30,000

 

4. Add a Reclaimed-Wood Wall

A wall paneled in reclaimed wood can add texture and warmth to a space. It also is a way to reuse or repurpose a material left over from a previous renovation or remodel.

Cost: About $4 to $7 per square foot on average

 

5. Add a Window Seat

This is a great project if you already have a room with a large window and are looking to add more seating, storage, a focal point or all three.

Cost: Simple and small window units can cost $750 to $1,500 plus installation labor. Larger windows or projects with cabinets built into the seat can cost about $2,000 to $5,000.

To see more projects check out this Houzz article! Or wait for our next blog!