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What a realistic renovation budget actually looks like in 2026

Sofia Marchetti · July 12, 2026

What a realistic renovation budget actually looks like in 2026

Almost every budget conversation starts too low. Here is an honest breakdown of where renovation money goes, so you can plan with confidence.

The rough split

Across a typical project, expect roughly 15% design and management, 35% labour, 40% materials and 10% contingency. The contingency is not optional — old homes always surprise you.

Kitchens

Our 2026 kitchen projects range from about $45,000 for a straightforward refit to $150,000+ for a large kitchen with structural changes. Cabinetry and worktops are usually the two biggest line items.

Bathrooms

A full bathroom renovation starts around $25,000. Waterproofing, tiling and plumbing labour are the costs people underestimate most.

Whole-home

Whole-home remodels typically begin at $150,000 and climb with square footage and structural work. These projects benefit most from a fixed-price proposal.

Where to spend, where to save

Spend on what you touch and what is hard to change later: cabinetry, worktops, tiling and lighting. Save on decorative finishes you can update in a weekend.

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