How much money should I budget for renovations? What factors should I consider to estimate costs effectively?
Budget for renovations varies, but generally 10-15% of home value. Consider factors like project scope, materials, labor costs, and location for accurate estimates.
Budgeting for renovations can vary depend on several factors. Generally, set aside 10-15% of your home’s value for minor updates, while major remodels could need 25% or more. Consider size, materials, labor, and permits. Also, account for unexpected costs! Always get quotes from contractors for accurate estimates.