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How do I budget for a home renovation?

By Bob Millaway, South Jersey Community Expert & REALTOR®

Research typical costs for your project type in your area. Add a 10 to 20 percent contingency for unexpected issues. Get detailed itemized quotes from at least three contractors. Do not forget permit fees, dumpster rental, and temporary living costs if needed. Prioritize your must-haves versus nice-to-haves to stay within budget.

Why It Matters

Renovations almost always uncover surprises behind walls. A realistic budget with a contingency prevents financial stress and unfinished projects.

Related Questions

What renovations add the most value? Should I hire a general contractor or manage the project myself? How do I find a trusted contractor for my renovation? How do I budget for a home renovation? Do I need permits for a remodel in New Jersey?

Read the Full Guide

For a deeper dive, check out the HomeCircle Handbook entry on this topic.

Home Improvements That Add the Most Value

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