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Free Home Renovation Budget Calculator

Plan your renovation project room by room with realistic cost estimates.

Select Rooms to Renovate

Home Renovation Budgeting Tips

The 20% rule: Renovations almost always cost more than expected. Budget at least 15-20% extra for surprises behind walls!

Where to Splurge vs Save

Worth Splurging

  • Kitchen appliances (you use them daily)
  • Quality plumbing fixtures
  • Electrical work (safety first!)
  • Structural changes
  • Insulation and windows

OK to Save

  • Cabinet hardware (easy to upgrade later)
  • Light fixtures
  • Decorative elements
  • Paint (DIY-friendly)
  • Landscaping
DIY to save: Painting, landscaping, and demolition can be DIY. Leave electrical, plumbing, and structural work to pros.

Average ROI by Project

Minor kitchen remodel75-80% ROI
Bathroom addition50-60% ROI
Deck addition65-75% ROI
Major kitchen remodel50-60% ROI
Master suite addition45-55% ROI
Plan for the long term: If you're staying 5+ years, prioritize what improves your daily life over resale value.

Save for your renovation with Spense's goal tracking!

Free to download