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.
Our Home Improvement Loan Partners
8.99-29.99%
Rates displayed are fixed and include all discounts.
Why Consider This Option: SoFi offers a wide variety of loan amounts, flexible repayment terms, and special features like free financial advising.
Bethpage Federal Credit Union
HELOCs
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.
$1M
No closing costs on loans <$500,000
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.
on Bethpage Federal Credit Union
6.99-25.29%
Rates quoted are with AutoPay.
$5K – $100K
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.
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.
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.
Cash-out refinancing
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.
620
CONVENTIONAL:
580
CASHOUT:
620
VA:
580
USDA:
640
JUMBO:
N/A
FHA:
580
Why Consider This Option: New American Funding offers a wide variety of refinance mortgages with an emphasis on helping underserved communities.
Home equity loans
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.
Why Consider This Option:Rocket Mortgage’s home equity loan can be used for primary or second homes with flexible repayment terms.
While costs will vary depending on your individual project needs, here are some average ranges you can expect.
Interior project costs
Kitchen remodel: $9,000-65,000.
Bathroom remodel: $2,000-$18,000.
Bedroom remodel: $4,000-$21,000.
Building an addition: $4,000-$280,000.
Finished basement: $7,000-$75,000.
Hardwood flooring: $6-$25 per square foot.
Exterior project costs
Single window replacement: $200-$1,500.
Siding replacement: $2,000-$18,000.
Inground pool installation: $38,000-$100,000.
Exterior painting: $800-$12,000.
Garage door installation: $750-$5,500.
More from NerdWallet
Methodology
This calculator uses national data from a range of sources, including the American Society of Home Inspectors, the National Association of Realtors, Architectural Digest, Fixr, Angi and This Old House.
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