It’s a challenge to set a remodeling budget and anticipate everything it has to cover when you’re just getting started. So this ballpark budget generator uses common, rule-of-thumb calculations and national averages to give you a general sense of what you might spend overall and on each part of the project.
Have a Budget in Mind?
Get a cost breakdown for your project. It’s good to have an idea of how your total budget will likely get divided up. Plus, seeing itemized subtotals by category can help you make informed choices as you plan out your space.
Your Renovation Budget
Need Help Setting a Budget
Use the fair market of your home as a guide.
Your home's current value: It’s OK to guess here. You can also use the appraised value from a recent property tax bill or use a site like Zillow or Trulia to get a realistic estimate of your home’s value.
% of home's value used for remodel: A commonly used guide is to invest ±15% of your home’s value in your remodel. Adjust that percentage up or down depending on the scope of your project, your desired materials or how your local real estate market is trending.