Use this when you are updating most of the interior: kitchen, baths, flooring, paint.
Home remodel costs vary dramatically by scope. Cosmetic updates run $5-15/sq ft, mid-range remodels $15-50/sq ft, and gut renovations $50-150+/sq ft. Whole home remodels typically cost $50,000-300,000+.
Kitchen and bathroom remodels typically return 50-70% at resale. Minor improvements like painting, flooring, and curb appeal often return 75-100%+. Over-improving for the neighborhood reduces ROI.
Start with 5-15% of your home value for a remodel budget. Allocate 30% for kitchen, 20% for bathrooms, 15% for flooring, and 35% for other areas. Always add a 10-20% contingency fund for unexpected issues.
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