Planning and Budgeting for a Home Renovation Project

Ready for a new kitchen? Eager to redo the bathroom? The easy part is knowing what you want to remodel and justifying the project in your mind. Do you know how to budget and plan for a home renovation? I hope this article will help make that road a bit smoother. Budgeting Figuring out how to renovate without breaking the bank can be tricky. How much should you invest? The general rule of thumb is to spend no more on each room than the value of that room as a percentage of your overall house value (check with your realtor or Altadena Realty Group for a current value estimate for your home). Here’s how the percentages break down for the value of each room: • Kitchen: 10% to 15% •

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Doug Colliflower

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