Construction & Architecture / Materials & Design
Home Renovation Budget Breakdown Calculator
Recommended: 10-20% for expected projects, 15-25% for older homes
Most renovations are 60-70% labor, 30-40% materials
Home Renovation Budget Guide
Rule of Thumb: Allocate 10-20% for contingency, split remaining 60-70% labor and 30-40% materials.
Common Budget Ranges (2024):
- Minor Refresh: $5k-$25k (cosmetic updates)
- Mid-Range Remodel: $25k-$75k (kitchen/bath, new systems)
- Major Renovation: $75k-$200k (whole home, structural)
- Luxury Overhaul: $200k+ (high-end everything)
Cost Per Square Foot Guide:
- Minor updates: $15-$40/sq ft
- Mid-range remodel: $40-$100/sq ft
- High-end renovation: $100-$200/sq ft
- Luxury custom: $200-$400+/sq ft
Contingency Guidelines:
- 10-15%: New home, straightforward project, firm quotes
- 15-20%: Standard project, some unknowns
- 20-25%: Older home (>50 years), likely surprises
- 25%+: Historical home, major structural work
Pro Tip: Always get detailed written quotes from 3+ contractors. Cheapest isn't always best - check references and licenses.
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