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Breakdown of Budget Allocation

Cabinets

Cabinetry helps define the character of any room, so it's important to choose the style and finish that makes the statement you want. For the average project, you should expect to spend 35 to 40% of your budget on cabinetry, depending on the room and size of the room you are remodeling.

Flooring

Options for flooring are nearly limitless. Wood or tile? Wide beam or skinny? Light or dark? No matter what you decide, making your choice fit in your budget will depend on the material and area you're covering. For most projects, flooring should account for 7 to 8% of the total budget.

Countertops

Today, materials like marble, granite, and stainless steel are the most popular. Other materials like stone and laminate come-and-go in terms of popularity. In the end, the material and surface area determines the price, but on average you should set aside 5 to 12% of your budget for countertops – depending on the room you’re remodeling.

Appliances

Appliances can be a distinct statement, or vanish in the overall design. Whatever you decide, the amount you spend will depend on whether or not you are using existing appliances or purchasing new ones. On average, approximately 8% of your budget should be allocated for appliances.

Lighting/Electrical

Depending on the extent of your project and age of your house, you may need to reroute or even replace wires. To ensure everything is up to code and taken care of properly, it's best to rely on help from a professional electrician. Typically, their services will make up 4 to 8% of your budget, however this may change depending the age of your wiring, as well as size and type of room.

Wall Covering

From simple paint or wallpaper to pricier options like tiles or marble, the material and amount of surface area you're covering will guide the price. On average, covering your walls should account for 3% of your budget.

Labor (including plumbing)

Some remodeling projects may require things like air conditioning systems or plumbing to be rerouted to ensure everything works properly. In these instances, it's always best to consult or contract a professional. If needed, you can expect to spend about 15 to 25% on a plumbing or heating & cooling specialists.

Miscellaneous

Just about every project will have random needs. From getting lunch out to additional nails, it's best to set aside about 1% of your budget to cover the little things that pop up.