Siding helps protect your home from weather and pests and plays a major role in the look of your home. If yours has seen better days, or you’ve never liked the look of your siding, it may be time to consider replacing it. Yes, it can be a big (i.e., expensive) job, currently averaging $11,529, according to the home improvement site Angi. But you will likely get a significant portion of what you spend back when you sell your home, since this home renovation generally has a high return on investment (ROI).
Read on for a look at a few different siding ideas at a variety of price points and their expected ROI.
Key Points
• Siding protects homes from weather and pests and also establishes the look and style of your property.
• The average new siding project currently costs $11,529, with a high return on investment.
• Custom quotes are advised due to varied project costs.
• Siding lasts decades, unlike painting, which needs frequent touch-ups.
• Home equity loans and personal loans are financing options.
Eco-Friendly Options
One way to live more sustainably is to choose eco-friendly siding options that reduce the carbon footprint of the project. For example, using recyclable siding materials is one way to be more environmentally friendly, as is selecting material known to be more energy-efficient.
Wood can be a good choice because it’s a renewable and sustainable material that can be sourced locally. Manufacturing processes of wood siding can be more environmentally friendly as well.
Aluminum or steel siding can be a green choice when made from recycled materials. It’s also considered to be an energy-efficient option since metal reflects the sun’s rays, unlike materials that absorb them. In addition, metal siding can be a low-maintenance material.
Fiber cement siding is eco-friendly, crafted from natural materials. Although vinyl siding isn’t formed from the most environmentally friendly materials, there is little waste with this type of siding, and insulated options can be energy-efficient.
Siding color plays a big part in a home’s curb appeal. Combinations of colors and textures can evoke certain feelings, such as using green siding with wood accents to create a natural feel to a home.
When selecting a color scheme, personal taste enters in, but an overall goal might be a compromise between your favorite hues and materials and blending in with the neighborhood.
Some communities may have homes with more subdued hues while others boast more colorful options.
Colonial homes may look best in a single classic color, while cottage-style or Victorian homes may provide a homeowner with more freedom of expression.
In the past, siding materials could look “plastic,” rather than mimicking natural grains and textures. Today, though, siding materials often look more attractive and realistic.
When on a budget, vinyl siding can masterfully imitate wood siding at a lower cost with a greater ease of installation. If on a mid-range budget, an option might be fiber cement siding, which combines sand, cellulose and cement; comes in a variety of colors; and can be imprinted with various patterns.
With a bigger budget, stone and brick veneers are an option, as are stucco and new materials that mimic stucco. These choices can give a home a distinctive appearance.
Costs of Home Siding
The cost of new siding will depend on the size of your house, the type of siding you choose, and where you live. Generally, new siding costs as follows:
• Vinyl siding: $3-$12 per square foot
• Stucco: $7-$9 per square foot
• Wood: $1-$15 per square foot
• Aluminum: $3-$6 per square foot
• Brick: $10-$20 per square foot
• Brick veneer: $3-$10 per square foot
• Stone: $7-$30 per square foot
• Stone veneer: $5 to $11 per square foot
• Fiber cement: $7 to $18 per square foot
As of mid-2025, a full replacement job, on average, can run $11,529, according to Angi. Keep in mind, though, that each project is unique and older homes may have additional issues that will need to be addressed during a home renovation process. Plus, if a home is old enough to be designated as historic, there will likely be guidelines that need to be followed, which can add to the price tag of improvements.
Beside the materials used and the size of the home, other factors that impact cost include the shape of the house, with those having multiple stories or with eaves and turrets typically being more expensive than a home with a more streamlined structure.
Another factor can be the time of year when the siding is installed, with peak seasons usually more expensive than off-season projects.
It can make sense to get a customized quote for a siding project because there are so many factors that can affect the price.
The cost to paint a home’s exterior ranges from $1.50 to $8 per square foot. Although painting is typically less expensive, siding can last for decades, while the exterior of homes often need to be painted every five to 10 years.
Siding ROI
Replacing your old siding can significantly increase the value of your home. Exactly how much it will add to the value will largely depend on the type of material you choose.
Going with fiber cement siding, for example, could add about $17,000 to the value of your home, which translates into about a 88% return on investment.
You may want to use an online home improvement ROI estimator to get a sense of how much your choice of siding will impact the resale value of your home.
Paying for House Siding
If you run the numbers and the cost of your home siding project is more than you can comfortably cover in cash, you may want to consider some type of financing.
One option is to take out a home equity loan or line of credit. These loans are based on the equity you have built up in your home and use your home as collateral for the loan.
Another option is a home improvement loan. This is essentially an unsecured personal loan that is used for home repairs or upgrades. You receive a lump sum up front which you can use to pay for new siding; you then repay the loan (interest plus principal) over a set term, often one to seven years, with regular monthly payments. Interest rates are typically fixed.
Siding is your home’s first line of defense against weather and pests and also establishes the look and feel of your property.
Replacing your siding can seem like a big undertaking with typical costs more than $10,000, but fortunately you typically only have to do it once. Plus, you can often make up much of the out-of-pocket cost when you resell your home, thanks to the relatively high ROI on this type of remodel. If you’re interested in replacing your siding but not sure how to cover the costs, a personal loan could help.
Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. See your rate in minutes.
SoFi’s Personal Loan was named NerdWallet’s 2024 winner for Best Personal Loan overall.
FAQ
What is the cheapest siding to put on a house?
The most affordable kinds of siding are typically vinyl, wood, brick veneer, and aluminum.
How much does new siding cost?
As of mid-2025, new siding for a house costs an average of $11,529.
Does new siding have a good ROI?
Yes, new siding typically has a good return on investment. Currently, the ROI is 80% of the money spent redoing siding.
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SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
*Awards or rankings from NerdWallet are not indicative of future success or results. This award and its ratings are independently determined and awarded by their respective publications.
Disclaimer: Many factors affect your credit scores and the interest rates you may receive. SoFi is not a Credit Repair Organization as defined under federal or state law, including the Credit Repair Organizations Act. SoFi does not provide “credit repair” services or advice or assistance regarding “rebuilding” or “improving” your credit record, credit history, or credit rating. For details, see the FTC’s website .
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.
Buying property is a way to invest outside the stock market. Owning a rental can offer key benefits to homebuyers, including a potential stream of passive income and the possibility for real estate to grow in value.
When debating whether to invest in the home-buying process, the difference between a single family or multifamily home can matter.
Each home type comes with pros and cons, which investors may want to chew on before opting for a specific real estate investment.
Here’s a look at the major differences between single family and multifamily investment properties.
Key Points
• Multifamily homes can be more expensive but offer multiple rental income streams and economies of scale in management.
• Single family homes are generally more affordable to buy and maintain, with fewer shared spaces and lower maintenance costs.
• Multifamily properties may face more tenant conflicts, such as noise or pet issues, compared to single family homes.
• Single family homes tend to appreciate in value more due to higher demand, while multifamily values depend on rental income.
• Single family homes sell faster, providing quicker cash liquidity, while multifamily properties offer stable rental income and potential for passive investment.
What Is a Single Family Home?
Single family homes are stand-alone structures with their own lot. They don’t share common space with another unit.
Generally, they’re meant to house one tenant or a family. In the real estate world, single family homes differ from attached properties, like condominiums or townhouses.
Those considering investing in a single-family home could start the process in much the same way as when buying a primary residence, enlisting the help of a real estate broker or home loan lender.
Below are some factors investors may want to think through when looking into single family properties:
Affordability of Buying
When an investor is deciding how much house to afford, single family homes are typically priced lower than multi-unit constructions.
Because they’re designed with one family or individual in mind, single family homes are generally smaller in size — and less square footage (and floors) can mean lower listed prices on the property.
Other costs, such as utilities, don’t necessarily add to the price of investing in a single family house. Rental agreements typically require tenants to pay all or nearly all of the utilities costs for a home.
In a multifamily unit, the landlord may have to shoulder more costs, such as the cost of electricity used in common spaces.
💡 Quick Tip: When house hunting, don’t forget to lock in your home mortgage loan rate so there are no surprises if your offer is accepted.
Fewer Tenants Can Mean Less Conflict
In multifamily units, landlords may be called in to resolve all sorts of conflicts between tenants. For example, landlords may have to mediate tensions if a neighbor is noisy or has a loud pet.
A single person or family living in a single-family unit lessens the chance for conflict between tenants. (In rare cases, landlords may deal with conflicts between single family tenants and neighbors in nearby buildings, though.)
Additionally, tenants who live in a stand-alone home may be more likely to treat the buildings as their own, taking better care of the house and lot.
They may closely monitor the condition of the whole home, letting landlords know when there are maintenance issues to take care of.
Reduced Maintenance Costs
Speaking of maintenance, single family units typically require less upkeep than multifamily buildings.
In a multi-unit property, things can get complicated. Landlords may be dealing with different sets of appliances or diverse tenant schedules, for example.
If something goes wrong in one unit, it may affect other units at the same time. For instance, in a multifamily building, plumbing or wiring may need to be replaced in multiple units at the same time.
Multifamily units are larger, so problems that feel more manageable in a single family home can become a bigger deal when scaled up.
Investors may want to compare the different costs (and logistics) of exterminating termites in a small home vs. a bigger multi-unit building (where numerous tenants may need to be relocated temporarily), to name one possibility.
Property Value Appreciation
Single family homes tend to be in higher demand than multifamily residences, which could mean the property is more likely to gain in value. Single family homes are priced largely based on supply and demand.
The more people want them, the higher home appreciation may go up. (Naturally, demand is just one factor among many that can impact a home’s valuation.)
Multifamily buildings, on the other hand, are priced in part on the condition of the buildings. One extra factor in calculating the value of a multifamily building is the potential rent revenue that this sort of property can bring in. If rents go up in the area, the value of the building can rise accordingly. (The opposite is also true.)
Cash Liquidity
There may come a time when a landlord wants to sell. Landlords might no longer want to deal with tenants, or they may need to access the equity wrapped up in their rental property.
Because of the high demand, sales for single family homes tend to be faster, providing investors with potentially easier access to their invested cash.
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What Is a Multifamily Home?
Multifamily homes are buildings that have more than one unit and can house more than one family, such as apartment buildings. They could also be a duplex or a triplex.
Below is a list of factors investors might want to think about when deciding whether to pursue purchasing a multi-unit building:
More Rental Income
A multifamily building can be more expensive upfront to buy than a single family home. However, each unit in the building might produce rental income for the owner.
When combined, these rents can total more than the single revenue from a stand-alone house. Opening up multiple streams of income is one of the main reasons investors opt for multifamily properties.
Fewer Vacancy Issues
When a single family home is vacant, the owner’s rental income stream dries up completely. Owning a multiple family building can mitigate this risk of lost income when a tenant leaves or breaks the lease. If one unit is vacant, even for an extended period, other units might still bring in regular rental income.
Economies of Scale
In some ways, property management costs can be simpler for multifamily homes, especially when it comes to economies of scale. For example, say a landlord needs to replace the roof on a 10-unit building. The cost of replacement may be lower, per unit, than if a landlord needs to replace the roof on just one single family home.
Multifamily buildings can offer more property options to investors, too. Potential landlords might invest in anything from small duplexes to large apartment buildings with dozens of units.
Investors can take a more passive role in multifamily investments, as well. Real estate syndication allows a group of investors to pool their resources to buy more expensive buildings than they could afford on their own.
Investments like these used to be the purview of the very wealthy. Since the passage of the JOBS Act in 2012, real estate crowdfunding has increasingly become a more popular option. Buildings funded in this way are generally managed by a professional management company and profits are passed along to investors.
Multi-family investors might want to pursue shares of a Real Estate Investment Trust (REIT). REITs invest in multifamily properties. They trade much like regular stocks, which makes them easy to buy and sell (offering investors more liquidity).
Investors in REITs have no contact with the day-to-day operations of the underlying investment properties. REITs could be a better fit for long-term investors who aren’t aiming to buy and then resell quickly.
💡 Quick Tip: Generally, the lower your debt-to-income ratio, the better loan terms you’ll be offered. One way to improve your ratio is to increase your income (hello, side hustle!). Another way is to consolidate your debt and lower your monthly debt payments.
Financing a Real Estate Investment
Financing an investment property is a little bit different than financing a first or second home, whether it’s a single family home or a multifamily building. As with the buying of a first house, investors may want to check credit scores and review their financial assets before applying for a mortgage loan.
Potential buyers should also examine their debt-to-income ratio, which shows lenders how much debt borrowers have acquired compared to their income. Lenders review this as one among many factors when evaluating mortgage applications.
It’s likely that prospective buyers of investment properties may need to put down at least 15-20% of the property’s listed value — but it’s not uncommon for lenders to ask for a down payment of 25-35%.
Single family homes can be financed with a conventional mortgage. However, because investment properties pose more risk to loan lenders, interest rates are typically higher than they would be for primary or secondary residences.
Loans for single family houses, duplexes, triplexes, or fourplexes, collectively known as “one-to-fours,” don’t differ very much. In other words, investors looking to buy a building up to four units can do so with a conventional loan.
Loans for apartment buildings with more units, however, may be a bit more complicated. Lenders may consider factors such as:
• Debt service coverage (cash flow relative to debt)
• Net income generated by the property (revenue minus expenses)
• Loan-to-value ratio (the loan amount compared to the value of the property)
There are different, federally backed apartment building loans that certain investors may want to consider, including:
• Fannie Mae Apartment Loans offer loans of as little as $1 million with 20% down. Fannie Mae offers conventional loans and specialty loans, such as green financing or senior housing.
• Freddie Mac Apartment Loans offer loans beginning at $1 million, including conventional loans, small balance loans, targeted affordable housing loans, and senior housing loans.
• Bank Balance Sheet Loans are loans that banks keep in-house. Both traditional and online banks may offer these loans, which they do not repackage and sell to government-sponsored enterprises, such as Fannie Mae or Freddie Mac. The loans remain on the banks’ balance sheets. These loans don’t require owners to live in the same community as the building they’re buying. They are becoming less prevalent, but some banks still offer them.
• FHA Apartment Loans, aka HUD 223(f) loans, start at $2 million. They’re insured by the U.S. Department of Housing and Urban Development (HUD), and they are available for the purchase of buildings with five or more units.
The Takeaway on Comparing Mortgage Options
Purchasing a rental property, whether a single family home or a multi-unit building, could be one way to diversify an investment portfolio. A mortgage loan from a private lender may help investors to purchase a stand-alone rental home or multifamily building.
Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.
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Whether you’re a recent grad relocating to a city for job opportunities or a family heading cross-country to be closer to relatives, moving to another state represents a major change in your daily life.
It can be full of excitement (and some nostalgia), complicated, and expensive. Here are some things to keep in mind to make it go as smoothly as possible.
Key Points
• Moving to another state typically costs $4,575 in moving expenses as of mid-2025.
• Research potential neighborhoods, crime rates, school systems, and transportation options.
• Choose a moving date, considering weekdays and off-peak seasons; select professional movers, comparing quotes to find the best deal.
• Create a budget for moving, including unexpected costs; setting up a new home; and the expense of living in a new place while job-hunting, if applicable.
• Sort, pack, and gather important documents for easy access.
Is It Hard to Move to Another State?
Generally speaking, moving to a new state may take some work, and planning for it might need to happen well in advance to ensure everything stays on track.
You’ll want to consider things like potential neighborhoods to live in, crime rates, the school system, transportation options, and walkability. Before you move, you may also want to think about what items you’ll want to take with you (and what you’ll need to donate), what your moving budget is, and whether it makes sense to hire professional movers.
A Simple Checklist For Moving Out of State
Sometimes, a good old-fashioned moving checklist is the easiest way to ensure things get done on time:
1. ⃞ Find a place to live. This means either renting or buying a home. You may need to stay in temporary housing until the new place is ready.
2. ⃞ Select a moving date. If your schedule is flexible and costs are a concern, consider moving during a weekday, which tends to be cheaper than the weekend, or in fall or winter, versus the very busy spring and summer seasons.
3. ⃞ Select a professional mover (if using one). Request a few quotes from reputable movers so you can find a good service and know your moving costs.
4. ⃞ Build a budget based on common moving expenses plus any other cost considerations unique to your move.
5. ⃞ Take stock of and sort your stuff about one month before the move. What needs to come along? What should be tossed? What can be given to charity? Start sorting, selling (there are plenty of places to sell your stuff), packing, trashing, and donating accordingly.
6. ⃞ Cancel old services/start new ones. Schedule the stoppage of utilities like cable, internet, gas, and electric, and set up installations at your new location. It could also be a good time to update or cancel gym memberships, delivery services, subscriptions, etc.
7. ⃞ Gather up boxes and packing supplies. About three weeks before the move, start securing boxes, rolls of packing tape, bubble wrap, and other supplies.
8. ⃞ Pack it all up. You might wait until moving day to get the toothpaste into the “personal items” box, but the two weeks before the move can be spent packing belongings and gathering important documents like leases, moving contracts, and moving expense receipts. See if friends and family can help with this task.
9. ⃞ Say farewell. It might sound cheesy, but giving a thoughtful goodbye to any home that housed you can be helpful for moving ahead. Perhaps the last pie from your favorite local pizzeria is in order.
How Much Money Should You Save to Move Out of State?
When planning how to move to another state, knowing how much to save to cover moving expenses is an important initial step.
The average cross-country move typically costs somewhere between $2,392 and $6,869, according to HomeAdvisor, with the average amount being around $4,575.
Several other factors can influence how much someone should save to move out of state, such as the number of items they’re moving, how far they’re going, and whether they plan to move themselves or hire professionals. In some cases, long distance moving costs could reach $10,000 or more.
Common Moving Expenses
To decide how much money to save for a move out of state, knowing the most common moving expenses can be helpful:
• A deposit on the new place, which is typically first and last month’s rent/security on an apartment, or a down payment on a new house.
• Moving costs, or the amount of money it takes to physically move items — whether with rented equipment or professional movers — from point A to point B. As previously mentioned, they average $4,575 for an out-of-state move, but this figure can vary depending on the distance of the move, how much you are transporting, and the company hired.
• Transportation costs for traveling to the final destination. A fuel cost calculator can be a helpful tool to get an idea of how much to budget for this expense.
• Packing supplies like boxes, packaging tape, bubble wrap, packing peanuts, markers, etc.
• Cleaning supplies can get overlooked, but several surfaces might need scouring. From trash bags to all-purpose cleaners, carpet cleaning for pesky pet stains, mops, and more, having some funds saved for a clean slate can prove helpful in the moving process.
• Repair and maintenance costs might arise from issues like holes in the walls from hanging artwork, a broken light fixture, a torn screen, etc. Taking out a home improvement loan ensures things can be up to snuff in both abodes.
It can take a lot of time and energy to move to a different state. Luckily, there are several ways to save money in the process:
• Using cash for moving expenses instead of racking up credit card debt can save money over time.
• Selling unwanted items is a great way to create space, remove clutter, and acquire some extra moving funds.
• Packing with free supplies like used boxes or bubble wrap from friends, family or even the town “free stuff” page can help save lots versus buying brand new.
• Getting help from friends can help you save time which, in turn, can save you money. They can help with sorting, packing, cleaning, and even selling old items to their network.
• Asking an employer to help with relocation costs can potentially be negotiated, especially if you’re sticking with them in the new state.
• Relocation loans can be a solid saving option when you need quick cash to move to another state. They can cover a wide range of moving costs, from deposits to storage to professional movers, transportation, and even hotel stays.
The Takeaway
Moving out of state often requires detailed planning, preparation, and lots of considerations — like how to sort and pack belongings, whether to hire professional movers, what the moving budget is, and how to secure funds for moving costs. In terms of financing, ideas include using cash instead of credit, selling unwanted items to raise money, asking an employer for relocation assistance, or taking out a personal loan.
Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. See your rate in minutes.
SoFi’s Personal Loan was named NerdWallet’s 2024 winner for Best Personal Loan overall.
FAQ
Is $10,000 enough to move out of state?
Yes, technically $10,000 should more than cover moving expenses. However, also consider the cost of setting up a new home, paying security on a new place, and potentially not having income while you job-hunt. This can mean you may need more than $10,000 when moving out of state.
What is the average cost of moving out of state?
As of mid-2025, the average cost for moving out-of-state is $4,575, according to HomeAdvisor.
What is the cheapest way to move out of state?
A DIY approach is often the most economical way to move out of state. That can mean finding free moving supplies (check freecycle sites and friends who recently relocated), getting help with packing from friends and family, and renting a truck and driving yourself to your new home state.
SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
*Awards or rankings from NerdWallet are not indicative of future success or results. This award and its ratings are independently determined and awarded by their respective publications.
Disclaimer: Many factors affect your credit scores and the interest rates you may receive. SoFi is not a Credit Repair Organization as defined under federal or state law, including the Credit Repair Organizations Act. SoFi does not provide “credit repair” services or advice or assistance regarding “rebuilding” or “improving” your credit record, credit history, or credit rating. For details, see the FTC’s website .
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.
Outdoor kitchen can be a fun and functional addition to your home, but they come with a significant amount of work needed and a hefty price tag, with an average of $16,840 in mid-2025.
Whether you’re looking to spruce up your barbecue area or design a fully equipped kitchen, there are plenty of options and logistics when it comes to building an outdoor kitchen. This guide will go through the steps required, along with some typical costs and considerations for making your home improvement dreams a reality.
Key Points
• An outdoor kitchen, which currently costs an average of $16,840, can add functionality and value to your home.
• Choose a location considering existing structures, slope, and distance from the house.
• Plan essential features like grills, sinks, and refrigerators, and ensure durable, weather-resistant materials for countertops and cabinets.
• Consider lighting options, including solar lights.
• Add a shelter like a gazebo or awning for protection and longevity.
Settling on a Location
Before diving into the details of outdoor kitchen designs, settling on a location can help focus your planning and creativity. For starters, you can take stock of existing structures in the yard that could be incorporated into the design, such as patios and decks.
When envisioning options, measure the square footage of potential kitchen areas. This can inform what types of equipment and accessories will fit in the space you have.
Having some essential design features in mind, such as a grill or wood-fired pizza oven, could help guide the siting process, too. If you have your eyes on heavier equipment, like furniture or a bar, you may need to reinforce a deck or patio to safely accommodate the extra weight. Consulting with a professional contractor is advisable to prevent sagging in the floorboards or more severe damage that could lead to a complete backyard remodel.
Slope and distance from the house could also impact the feasibility and cost. Building on an inclined surface might require a more robust foundation than a level area. Situating an outdoor kitchen a greater distance from the home may add the expense of connecting electricity or plumbing, not to mention the practicality of walking back and forth. Adding outlets can cost between $75 and $500 each, according to the home improvement site Angi.
If possible, use existing structures or buildings next to the house to reduce such costs, and integrate an outdoor kitchen with the rest of the living space.
If you need help paying for your backyard sanctuary, a personal loan may be one option to consider. Personal loans are repaid with monthly payments of principal plus interest.
Generally, there is considerable freedom regarding how the borrower spends the money, whether on an outdoor kitchen (a home improvement loan is a kind of personal loan tailored for this purpose) or paying off credit card debt.
After hashing out where to build, it’s time to delve into the details of the outdoor kitchen design. While browsing through dream kitchens on HGTV can provide inspiration and creative ideas, being realistic with your budget and desired kitchen features can keep you on track.
To avoid the impulse of keeping up with the Joneses (or FOMO spending), it may be beneficial to make a ranked list of possible equipment and design components alongside a budget.
Keeping in mind your own cooking habits and diet can be a useful litmus test to determine what you may use frequently and what could likely accumulate dust. It’s also worth considering how many people you’d like to accommodate.
If you’re overwhelmed with ideas but don’t know where to begin, finding a focal point to design around is one option to consider. For instance, barbecue connoisseurs may want to orient the outdoor kitchen design around the grill, whereas skilled mixologists might prefer to showcase their craft behind a central bar area.
Here are some further ideas for accessories and appliances to outfit an outdoor kitchen.
Grill
A built-in grill can look sharp and tailored within an outdoor kitchen design, but it can’t be wheeled away for additional entertainment space when you’re not cooking. Opting for a freestanding grill could help stretch your budget further and add some flexibility to an outdoor kitchen design.
Kitchen Island
Adding a kitchen island for a mixed-use of counter space and seating can further integrate the cooking and dining space to bring everyone together at a dinner party or family gathering. Opting for the roll-away variety can help you customize an outdoor kitchen depending on the occasion.
Sink
Including a sink in an outdoor kitchen is useful for cooking, easy clean up, and sanitation. The practicality of installing a sink and plumbing also depends on how far the outdoor kitchen is from the house. Carrying dirty dishes and pans a short distance for washing inside may not be worth the added cost of plumbing for some people.
Refrigerator
Whether storing food or drinks, a fridge can keep an outdoor kitchen stocked and ready and cut down on trips between the house. This requires running electricity for ongoing operation. For a full-size fridge, you can expect the cost to average between $400 and $4,000.
Countertops
As the cook in any family can attest, counter space is a big help when it comes to staging and preparing food. On top of stains and wear and tear over time, outdoor kitchen countertops may need to be weather resistant, too.
Marble is a popular interior countertop surface, but its cost and vulnerability to staining and wear mean it’s not the most durable. Some more hardy choices include slate and granite. Tile is a cheaper sturdy alternative, but typically requires more maintenance to clean the grout and replace cracked pieces.
For a functional amount of space, consider having at least 12-18 inches on each side of a sink, as well as 18-24 inches on either side of a grill.
Cabinets
To house all your outdoor kitchen utensils, pots, and pans in one place, cabinets are a good bet. Similar to the countertops, durability is a key factor to consider alongside cost. Using a marine-grade paint or stain on wood cabinets can improve their weather resistance and tie in the outdoor kitchen design with the house.
Lighting
Unless the outdoor kitchen will be built on an existing porch or patio, adding lighting may be a necessary investment to make a backyard dinner party possible. As mentioned, extending electrical wiring and adding outlets comes with costs. Given that as much as 15% of home energy expenditures go towards lighting, going with solar lights could save on the electric bill and wiring.
Landscaping
After construction is completed, landscaping can further beautify the outdoor kitchen space and provide privacy and shade in the way of bushes or trees. Landscaping costs can be several hundred dollars for smaller jobs, though this is an easier opportunity than say plumbing or electric to recoup some money as a DIY project.
Even in the fairest of climates, having some protection from the sun and assurance you won’t be caught in the rain can be an asset to an outdoor kitchen design. In addition to making a more comfortable space, a shelter could also increase the lifespan of your outdoor kitchen equipment and furniture.
Check out some possible options that can protect and enhance an outdoor kitchen design.
Awning
Awnings are an option for shading an outdoor kitchen area. Based on size and materials used, a built-in awning costs between $1,409 and $4,350 on average.
Canvas awnings are not the most durable choice for areas that can have harsh weather conditions, but they can be removed and stored during winter and inclement weather to extend their lifespan. Metal awnings are another option, and are generally cheaper and sturdier. Upgrading to a mechanically retractable awning will likely increase cost, but can be handy in locations where weather changes quickly and frequently.
Gazebo
A framed gazebo can protect furniture and kitchen equipment while creating a comfortable space for cooking and dining. Whereas awnings are often attached to a structure or need to be taken down seasonally, gazebos can offer longevity and more options for placement.
Pergola
Composed of vertical posts and overhead cross-beams with open lattice, pergolas can add some architectural appeal to an outdoor kitchen area. The structure is well-suited for growing vines to increase shade while allowing for ample breeze. Currently, costs are estimated at $2,100 to $6,100, depending on size, design, complexity, and where you live.
After figuring out the location, dimensions, and trimmings for your outdoor kitchen design, you can begin itemizing building or remodeling costs within a budget. The average cost in mid-2025 is $16,840. If you come to realize you’re biting off more than you can chew, you could do the project in pieces. There are also options to finance an outdoor kitchen project, such as personal loans.
Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. See your rate in minutes.
SoFi’s Personal Loan was named NerdWallet’s 2024 winner for Best Personal Loan overall.
FAQ
How much does it cost to build an outdoor kitchen?
As of mid-2025, the average cost of an outdoor kitchen is $16,840, according to Angi, the home improvement site.
Can I build an outdoor kitchen myself?
Yes, it’s possible to DIY an outdoor kitchen if you are skilled at home improvement projects. Outdoor kitchens can be simple or very complicated, involving electrical wiring, sloping site accommodations, and gazebo construction. Make your decision accordingly.
Does an outdoor kitchen add value to your home?
Yes, an outdoor kitchen typically adds value to your home, estimated at anywhere from 50% to 200% of what your costs were.
SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
*Awards or rankings from NerdWallet are not indicative of future success or results. This award and its ratings are independently determined and awarded by their respective publications.
Disclaimer: Many factors affect your credit scores and the interest rates you may receive. SoFi is not a Credit Repair Organization as defined under federal or state law, including the Credit Repair Organizations Act. SoFi does not provide “credit repair” services or advice or assistance regarding “rebuilding” or “improving” your credit record, credit history, or credit rating. For details, see the FTC’s website .
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.
The average cost of finishing a basement in 2025 is $32,000, but there is a huge variation in pricing depending on your specific project. Of course, the square footage makes a difference, as does the particular configuration of your basement, as well as whether you are simply finishing the space for storage purposes or adding an extra bedroom and bathroom as living space.
Whatever your goal, you will most likely increase the resale value of your home while adding to your usable space. The following guide will help you understand the considerations, the cost, and how to get the work done.
Key Points
• Basement finishing costs range from $15,000 to $75,000, with a national average of $32,000.
• Factors affecting costs include size, features, materials, labor, and location.
• Planning tips include considering primary use, waterproofing, safety, and budget-friendly DIY options.
• Save money by doing basic tasks, reusing materials, and finding lower-cost contractors, and consider a home improvement loan for financing.
• Unexpected expenses should be budgeted for, including permits ranging from $1,200 to $2,000.
The Costs of Finishing a Basement
The cost of finishing a basement has a lot of variables, as most home upgrades do. Weighing what you can afford versus what you want is critical here. While it might be nice to have all the bells and whistles of a sky-is-the-limit home renovation, there are many things that will affect the bottom line during a reconstruction event like finishing a basement.
The national average cost of finishing a basement is $32,000, according to the home improvement site Angi, but there’s a wide range (as there is with the cost of home remodeling projects of all kinds). In this case, it can swing from $15,000 to $75,000. Your number could rise based on where you live and whether you plan to add features such as running water, custom cabinets, or countertops.
Ultimately, the final cost to finish a basement depends on how extensive the work is, as well as the square footage in the planned remodel. Typically, a small basement is considered to be a 300- to 700-square-foot space. Do you have more than 2,000 square feet to finish? Then that’s an oversized amount of space.
According to the home improvement site Angi, a simple process of finishing a basement will cost between $7 and $23 per square foot. However, if you are doing a full remodel, you can expect to spend $30 to $100 per square foot.
💡 Quick Tip: Before choosing a personal loan, ask about the lender’s fees: origination, prepayment, late fees, etc. One question can save you many dollars.
How to Plan Your Basement Project
The first thing you need to think about when finishing a basement is how you primarily plan to use the space. If it’s mostly for storage, you’ll want to include closets, cabinetry, and a shelving system in your plans.
Or do you intend to use it as a bonus room or lounge? If your basement’s primary function is as a gathering space, you’ll want to wire it so that you have internet, cable, and plenty of lighting and outlets.
Due to their subterranean nature, basements also require waterproofing. The below-grade format of a basement demands special attention be paid to exterior drainage, interior surface materials, and air ventilation, in addition to ensuring a safe way to exit the space during an emergency, like an egress window.
With proper planning, it’s possible to mitigate some of the major expenses associated with building below ground, so do your homework before the rainy season comes. Local government code departments often have building standards to guide the process.
As part of your efforts to keep the finished basement dry, you’ll probably want to install a sump pump for extreme weather events. Built into the floor with an automatic pump, sump pumps give peace of mind for when you’re out of town or have an excess of rainfall.
If you’re finishing a basement to use as an apartment or in-law suite, you’ll need added features like a bathroom and kitchenette. Installing both a bathroom and kitchenette can quickly cause the price to mount with the added costs of cabinets, countertops, appliances, and fixtures, so weigh the decision to add those features carefully against how much use you think they will truly get. Or consider going the budget route, forgoing top-of-the-line furnishings and appliances, if cost is a concern but you need those spaces to complete your basement.
How much it costs to finish your basement will ultimately come down to the features you add and how the work is done. Consider these factors when making a budget:
• Labor. This may cost $25 to $100 per hour, and you might also need a plumber or electrician to do some specialized work, which could increase the price (as anyone who’s rewired or needed to pay to fix a plumbing leak knows). Typically, labor costs will be 25% of the total project cost.
• Permits. According to Angi, getting the proper permits for your project can run between $1,200 and $2,000.
• Materials. The cost of materials, such as flooring, insulation, and drywall, will make up the bulk of your project budget. Expect to pay around 70% of your budget on materials, depending on the specifics of your remodeling.
Other areas where your basement costs may add up include if you opt for high-end materials, if you hire a professional for interior design assistance with the layout or furnishing plans or if you add furniture to the space.
💡 Quick Tip: With home renovations, surprises are inevitable. Look for a home improvement loan with no fees required — and no surprises.
How to Save Money on Basement Remodeling
There are many ways to save money on basement remodeling, the first being doing the labor yourself. If you’re simply going for a basic basement remodel for storage, this is a project you likely can DIY even without a lot of prior home renovation experience.
You might, for example, want to add corner shelves, install a pegboard system for mounting your tools, or build a wire rack system to store your bulky items — all basement finishing tasks you can tackle yourself without hiring outside labor.
If finishing your basement requires extensive electrical work and/or plumbing, however, you’ll likely want to call in a licensed professional to do that work.
If you’re on a tight budget, you might rethink installing a kitchenette or a bathroom, which is where your basement refinishing costs often add up quickly. A budget-friendly option for cabinetry could be purchasing from a resale shop or using old cabinets from another part of your house that you can refresh with an inexpensive coat of paint.
A basement remodel could serve multiple purposes — adding living space or storage to your home — while simultaneously improving your quality of life and the resale value of your home. With the average basement finishing project costing almost $32,000, you may also need to consider financing options, such as a personal loan to use for home improvement.
Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. See your rate in minutes.
SoFi’s Personal Loan was named NerdWallet’s 2024 winner for Best Personal Loan overall.
FAQ
How much to finish a basement?
According to the home improvement site Angi, the average cost to finish a basement in 2025 is $32,000.
Can you finish a basement for $10,000?
While the average cost to finish a basement is currently $32,000, it may be possible to do the job for $10,000 if it’s a small and simple job and if you find a lower-cost but qualified contractor.
What is the most expensive part of finishing a basement?
The most expensive part of finishing a basement is often the materials themselves, which can account for a majority of the cost.
Photo credit: iStock/PC Photography
SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
*Awards or rankings from NerdWallet are not indicative of future success or results. This award and its ratings are independently determined and awarded by their respective publications.
Disclaimer: Many factors affect your credit scores and the interest rates you may receive. SoFi is not a Credit Repair Organization as defined under federal or state law, including the Credit Repair Organizations Act. SoFi does not provide “credit repair” services or advice or assistance regarding “rebuilding” or “improving” your credit record, credit history, or credit rating. For details, see the FTC’s website .
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.
