RENOVATIONS COSTS GUIDELINES According to Houzz and Home Survey, 77% of homeowners say they have a budget in mind when going into a renovation, but nearly 50% go over budget. The Appraisal Institute recommends a "budget" that you can use to help evaluate approximate costs of remodels based on the VALUE of your home: Kitchens: 15% - 20% Guest Bath: 5%-10% Master Bath: 10%- 15% Other Rooms: 3%- 5% Various other factors play into costs as well such as individual selections, layout changes, and unforeseen issues once the "walls" have been open. Lastly, remember....you "get what you pay for". Choosing a Contractor or product based solely on "cost" is not necessarily the best way to go if you wish to add value to your home!
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