What does it cost to complete a home renovation?

When looking to make any home renovations, a big consideration is the cost to complete them. The exact cost will vary depending on the size of the planned renovations and the nature of the space you are renovating.

Bigger home renovations can be expensive. One way many homeowners fund the cost of their planned renovation is with a loan. You can apply for a home renovation loan when you want to update your current home, when you are buying a home or during a refinance of your current mortgage.

Some of your home renovations will be worth their cost as they can increase the property value of your home.

To talk with a renovation specialist to see how a renovation loan can help fund any plans you have, apply now.

House renovation costs by project

Before you begin any home renovations, it is smart to know the average cost of the renovation projects you are planning.

Of course, costs can vary based on the size of the rooms you plan on renovating and the scope of renovations. Prices listed are for 2025 as reported by HomeGuide.

Full rehab renovation

The cost of full home rehabs will depend on how many rooms in the house, as well as how extensive the renovations are per room. For more exact information, make sure you add the cost of all room renovations individually.

Gut renovation

Gut renovations mean bringing your home down to the frame and replacing or rebuilding most of your house. Full gut renovations could include permits, labor and disposal of any materials, which can all add to your overall cost.

Kitchen renovation

Prices for renovating your kitchen can differ based on the scope of your remodeling. Major upgrades like an island, appliances, tilework or plumbing will cost more than cosmetic upgrades such as repainting, refacing cabinets or a new backsplash.

Bedroom renovation

When remodeling a bedroom, popular renovations to consider are repainting, adding trim and moldings, updating or adding a ceiling fan and adding, removing or replacing flooring.

Bathroom renovation

Some bathroom renovations include repainting, changing hardware, switching or adding cabinets, relocating or replacing plumbing and fixtures and retiling the floor. Prices for bathroom renovation can vary based on whether it is a full bath, half bath or powder room.

Home exterior renovation

Exterior renovation costs aren’t typically determined by square footage but by project. These projects can include painting, landscaping, fencing, siding and roofing. The cost for these renovations could also include labor.

How do I know if renovating my home is worth it?

The biggest factor when determining if your home renovation is worth the cost is deciding if it is necessary. Outdated appliances that don’t work as well as they should or broken fixtures could be considered necessary renovations and worth the cost.

Another way to determine if your home renovations are worth the cost is by looking at the return on investment (ROI). Some renovations can increase the value of your home and have a higher ROI. Kitchen and curb appeal renovations tend to have a higher ROI than other renovations.

Learn which renovations have the best ROI to help determine if they are worth the cost.

How can I start the renovation loan process?

When looking to fund your home renovation through a loan, you should review your finances, gather necessary documents and start your application online.

When reviewing your finances, you will want to check your credit score, income, debt-to-income ratio and cash on hand. Things you can gather that lenders will ask you to provide are proof of income, tax returns and any assets you own. After that, you will be ready to start your online application for a home renovation loan.

The online renovation loan application will have a Renovation Specialist reach out to help you through the process.

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Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Refinancing your mortgage may increase costs over the term of your loan. Restrictions may apply.

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