Renovation Budget Planner
Plan your home renovation budget with cost estimates for materials, labor, and contingency.
Track your total project cost and per-square-foot price.
Total Renovation Budget
Renovation budgets should account for materials, labor, permits, and a contingency buffer:
Total Budget = Materials + Labor + Permits + Contingency
Contingency = (Materials + Labor) × Contingency%
A good rule of thumb: labor is typically 35-65% of total project cost depending on the project type.
Cost per square foot helps compare to industry averages:
Cost Per Sq Ft = Total Budget / Renovation Area (sq ft)
Typical renovation costs per sq ft:
- Basic refresh (paint, fixtures): $15-50
- Mid-range remodel: $50-150
- High-end renovation: $150-400
- Kitchen remodel: $100-300
- Bathroom remodel: $120-350
Tips:
- Always include a 10-20% contingency for unexpected issues
- Get at least 3 quotes for labor
- Permit costs vary by municipality — check before starting
- Phasing the work over time can help manage cash flow