How to budget for home renovations and improvements
- Try to find your area’s average cost of the project you’re considering. That can help you start thinking about how to pay for it.
- If you need help, consider hiring a professional to get the job done.
- Investigate all your options if you need to borrow money so that you can pay for your home improvements in the least expensive and most efficient way.
How much to consider budgeting for remodeling each room or part of your house2
- Kitchen remodel: $10,000
- Bathroom remodel: $6,000
- Deck, porch, or patio replacement or addition: $5,100–$5,740
- Recreation room: $25,000
- Other room: $18,000
- HVAC replacement: $4,200
- Roof replacement: $8,200
- Exterior siding: $5,000