Homeowners are upgrading for comfort and value. Here is how you should budget your next renovation.
Planning a home renovation is exciting, but if you don’t plan your budget well, costs can get out of control. At Manzil Renovation and Home Services, we’ve helped many Cleveland homeowners get the results they want—without spending more than they should. Here’s a simple guide to help you create a smart renovation budget.
First, it helps to know what things usually cost in Cleveland. A basic kitchen remodel might cost between $15,000 and $30,000. A bathroom renovation can cost $7,000 to $15,000. New flooring like LVP (luxury vinyl plank) usually costs $6–$12 per square foot, and painting the inside of your home might run around $2–$4 per square foot. These are just averages, but they give you a good starting point.
Next, figure out what you really need to fix versus what would just be nice to have. Fixing leaks, old wiring, or water damage should come first. New cabinets or fancy light fixtures can wait if the budget gets tight. Making this list will help you stay focused.
Don’t forget about extra costs that aren’t always included in estimates. Things like permits, dumpster rental, or even temporary housing during the work can add up. We always go over these items with our clients so there are no surprises later.
“Be sure to get at least two detailed estimates from local contractors. These should clearly show the cost of labor, materials, and the project timeline. A clear estimate helps you compare your options and choose the best one.”
Also, save about 10% to 20% extra in your budget for unexpected issues. For example, you might find water damage inside a wall or outdated pipes that need replacing. Having that cushion means you won’t be caught off guard.
Also, save about 10% to 20% extra in your budget for unexpected issues. For example, you might find water damage inside a wall or outdated pipes that need replacing. Having that cushion means you won’t be caught off guard.
There are smart ways to cut costs without cutting corners. You could repaint cabinets instead of replacing them, use quality but affordable materials, or keep the layout of your kitchen or bathroom the same to avoid extra plumbing work.
Finally, don’t forget to look into financing options. You might qualify for a Home Equity Line of Credit (HELOC), a payment plan through your contractor, or a 0% interest credit card to help spread out payments.
Renovating your home doesn’t have to be stressful. With the right plan—and the right team—you can upgrade your space and stay on budget. If you're thinking about starting a renovation project, reach out to Manzil Renovation and Home Services. We’re here to help every step of the way.