FIRST: Estimate your home renovation costs As a general rule of thumb, you should spend no more on each room than the value of that room as a percentage of your overall house value. (Get an approximate value of your home to start with.)
Estimates show that building a new home is more than 50% more expensive than renovating the one you already have. There are a lot of factors to consider when you make the decision to build a new home or remodel an existing one.
Think of it this way: Renovation consists of making something old look and feel new, while remodeling consists of making something new out of something old. The difference comes down to your project’s goal. If you’re simply refreshing your space with new finishes and fixtures, you’re […]
