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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