Home Renovation Budget Calculator
Budget a renovation by area with a contingency.
Enter your values
ⓘ Live results
Results
- Total budget
- $41,400.00
- Base cost
- $36,000.00
- Contingency
- $5,400.00
- Labour / materials
- $18,000.00 / $18,000.00
Quick answer
Renovation cost is driven by area and finish level, with labour typically 40-60% of the total and a 15% contingency essential.
cost = area x cost per unit x (1 + contingency)
How to use the Home Renovation Budget Calculator
- 1Measure the area being renovated.
- 2Use a local cost-per-unit rate for your finish level.
- 3Never plan below a 15% contingency on older properties.
Worked example
Using the values the calculator loads with:
Inputs
- Area to renovate40 m² or ft²
- Cost per unit900 $
- Contingency15 %
- Labour share50 %
Results
- Total budget$41,400.00
- Base cost$36,000.00
- Contingency$5,400.00
- Labour / materials$18,000.00 / $18,000.00
Frequently asked questions
Why is my quote higher?
Structural work, permits and services relocation sit outside simple area rates.
Kitchens and bathrooms?
They run 2-4x the per-area cost of bedrooms because of services and fittings.
About this calculator
- Built and reviewed by James Whitfield · How we build and test calculators
- Report an error
Results are estimates for general information. For medical, legal, structural or financial decisions, confirm with a qualified professional.