Budget Calculator

Already have a budget? Need to create one?

Either way, we’re happy to help. Starting with a smart budget will set your project up for success — from beautiful style and function to a better return on investment.

Don’t worry, our budget calculator won’t bite. Just follow the instructions below and we’ll help give you some information on what to expect for your remodeling project.

Let’s get started.

Room and Budget

The return on investment (ROI) for a kitchen renovation varies greatly. The ROI for basic to moderate renovations average around 40 to 50%, while more involved remodels can have a ROI as high as 80% or more. You should consider your local housing market to help determine potential ROI.

My Renovation Budget Is

Budget Estimator

The Value Of My Home Is
% of Home Value for Renovation
Make a Smart Investment

Your investment will depend on your project goals and the materials you use. However, it is not recommended that your project exceed 50% of your home's total value.

Your Budget Is

Breakdown of Budget Allocation     % of Budget

Cabinets

Define your style.

Cabinetry helps define the character of any room, so it's important to choose the style and finish that makes the statement you want. For the average project, you should expect to spend 35 to 40% of your budget on cabinetry, depending on the room and size of the room you are remodeling.

Flooring

Style - from the bottom up.

Options for flooring are nearly limitless. Wood or tile? Wide beam or skinny? Light or dark? No matter what you decide, making your choice fit in your budget will depend on the material and area you're covering. For most projects, flooring should account for 7 to 8% of the total budget.

Countertops

It's all in the material.

Today, materials like marble, granite, and stainless steel are the most popular. Other materials like stone and laminate come-and-go in terms of popularity. In the end, the material and surface area determines the price, but on average you should set aside 5 to 12% of your budget for countertops – depending on the room you’re remodeling.

Appliances

New or old, plan properly.

Appliances can be a distinct statement, or vanish in the overall design. Whatever you decide, the amount you spend will depend on whether or not you are using existing appliances or purchasing new ones. On average, approximately 8% of your budget should be allocated for appliances.

Lighting/Electrical

Leave it to the professionals.

Depending on the extent of your project and age of your house, you may need to reroute or even replace wires. To ensure everything is up to code and taken care of properly, it's best to rely on help from a professional electrician. Typically, their services will make up 4 to 8% of your budget, however this may change depending the age of your wiring, as well as size and type of room.

Wall Covering

Accent your design with walls that say you.

From simple paint or wallpaper to pricier options like tiles or marble, the material and amount of surface area you're covering will guide the price. On average, covering your walls should account for 3% of your budget.

Labor (Including Plumbing)

Expert advice for a successful outcome.

Some remodeling projects may require things like air conditioning systems or plumbing to be rerouted to ensure everything works properly. In these instances, it's always best to consult or contract a professional. If needed, you can expect to spend about 15 to 25% on a plumbing or heating & cooling specialists.

Miscellaneous

For the things that come up.

Just about every project will have random needs. From getting lunch out to additional nails, it's best to set aside about 1% of your budget to cover the little things that pop up.

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Summary

Your Total Renovation Budget Is
$0
Your Cabinet Renovation Budget Is
$0
Your Revised Estimated Home Value Is
$0

*Information based on:
US 2010-11 National Averages (2010-2011 Cost vs. Value Report, Remodelling Magazine)
U.S. Median SF Home Price (MAY-2011, National Association of Realtors)