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Calculate Your Home Renovation Costs
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Taylor Getler Writer | Home equity, first-time home buying, home warranties
Taylor Getler is a home and mortgages writer for NerdWallet. Her work has been featured in outlets such as MarketWatch, Yahoo Finance, MSN and Nasdaq. Taylor is enthusiastic about financial literacy and helping consumers make smart, informed choices with their money.
Johanna Arnone Assigning Editor | Mortgage lenders, homebuying, home equity
Johanna Arnone helps lead coverage of homeownership and mortgages at NerdWallet. She has more than 15 years' experience in editorial roles, including six years at the helm of Muse, an award-winning science and tech magazine for young readers. She holds a Bachelor of Arts in English literature from Canada's McGill University and a Master of Fine Arts in writing for children and young adults. Practice making complicated stories easier to understand comes in handy every day as she works to simplify the dizzying steps of buying or selling a home and managing a mortgage. Johanna has also completed coursework in Boston University’s Financial Planning Certificate program. She is based in New Hampshire.
Renovating or considering a home improvement project? See how much it could cost, based on what other homeowners paid across the nation.
The calculator includes national data. Keep in mind that these are average national values, so your home renovation could cost more or less.
Costs tend to vary based on local market conditions, how elaborate the renovation is (for example, a renovation with the most expensive materials could skew much higher, whereas using low-cost supplies could cause the renovation to be cheaper), and how extensive it is (such as a complete renovation versus a partial one).
We recommend using the data above as an initial indication of the cost of a renovation, but homeowners are likely to get the best deal by comparing multiple quotes from contractors. You can also check sites like Angi for additional data.
NerdWallet's home loan ratings are determined by our editorial team. This rating is for the lender’s home equity lines of credit (HELOCs). It takes into account key factors that we know are important to HELOC consumers.
Min. loan amount
$10K
Max. loan amount
$1M
No closing costs on loans <$500,000
Min. credit score
670
HELOC:
670
Max LTV
85%
Why Consider This Option: Bethpage's HELOC features a fixed-rate option with flexible repayment terms and no closing costs on loans under $500,000.
Loan example: A four-year, $20,000 loan with a 13.9% APR would cost $546 in monthly payments. You’d pay $6,208 in total interest on that loan.
Loan term
2 to 7 years
Loan example: A four-year, $20,000 loan with a 13.9% APR would cost $546 in monthly payments. You’d pay $6,208 in total interest on that loan.
Min. credit score
660
Why Consider This Option:LightStream is our 2024 Best-Of Award winner for Home Improvement Loans and stands out for having competitive rates and no fees.
NerdWallet's home loan ratings are determined by our editorial team. This rating is for the lender’s cash-out mortgage refinancing. It takes into account key factors that we know are important to cash-out mortgage refinancing consumers.
Min. credit score
620
CASHOUT:
620
CONVENTIONAL:
580
VA:
580
USDA:
640
JUMBO:
N/A
FHA:
580
Max LTV
80%
Why Consider This Option: New American Funding offers a wide variety of refinance mortgages with an emphasis on helping underserved communities.
NerdWallet's home loan ratings are determined by our editorial team. This rating is for the lender’s home equity loans. It takes into account key factors that we know are important to home equity loan consumers.
Min. loan amount
$45K
Max. loan amount
$350K
350000
Min. credit score
680
HEL:
680
Max LTV
90%
Why Consider This Option:Rocket Mortgage's home equity loan can be used for primary or second homes with flexible repayment terms.
This calculator uses national data from a range of sources, including but not limited to the American Society of Home Inspectors, the National Association of Realtors, Architectural Digest, Fixr, Angi and This Old House.