How Much Should I Plan to Spend on Renovations?
By Lisa Perry - NMLS # 276329, Northern VA - VHDA, 100% Loans - Jumbo Loans
(FHA, VA, Jumbo, Downpayment Assistance, Conv.)
How Much Should I Plan to Spend on Renovations?The range for home renovation budgets varies just as much as home sale prices do. How much you spend on your renovations usually depends on two factors: what you’re renovating and how much you can afford.In the first step of your home renovation budget planning, we discussed prioritizing the areas of your home that you’d like to upgrade. With those priorities in place, you can begin estimating the cost for each part. Usually you can do this through a quick online search, by talking with your real estate agent or a trusted advisor, or by giving contractors a call directly.Then, once you have an estimate for each part of your renovation project, you’ll be closer to an estimate of how much your renovations are likely to cost overall. That’s wh...
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