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Renovation Budget Calculator

Renovation Budget Calculator from Gizcalc helps you estimate results quickly within the Real Estate category.

  • Instant results
  • Charts & tables
  • Save & compare
  • Private – runs in your browser
Total Renovation Budget —

Sample inputs are pre-filled so you can see a result quickly. Results are estimates only and may not be accurate because prices, interest rates, taxes, fees, fuel costs, tariffs, market returns, medical costs, and local rules can change. Please verify current values before making financial, tax, legal, medical, or business decisions.

Formula used

Budget = (Area × Scope rate + Kitchen + Bathrooms × Cost each) × (1 + Contingency %)

  • Scope rate = paint ₹30, refresh ₹500, moderate ₹1,200, full ₹2,200 per sq ft of carpet area

About the Renovation Budget Calculator

What is the Renovation Budget Calculator?

Renovation costs depend mostly on scope: repainting costs a few hundred rupees per sq ft of floor, while a full renovation with new wiring and plumbing costs several times more. This renovation budget calculator builds the budget from these blocks.

Choose the scope for the general work, then add the modular kitchen, the number of bathrooms to redo and a contingency percentage.

How to use the Renovation Budget Calculator

  1. Carpet Area (sq ft) (sample: 1,000)
  2. Scope of Work (sample: Moderate – flooring, false ceiling, wardrobes (₹1,200/sq ft))
  3. Modular Kitchen Budget (₹) (sample: 3,50,000)
  4. Bathrooms to Redo (sample: 2)
  5. Cost per Bathroom (₹) (sample: 1,50,000)
  6. Contingency (%) (sample: 15)
  7. Press Plan Renovation Budget (results also refresh as you type). The result card shows the Total Renovation Budget, along with General work, Kitchen, Bathrooms and Contingency buffer.

Formula used

Budget = (Area × Scope rate + Kitchen + Bathrooms × Cost each) × (1 + Contingency %)

  • Scope rate = paint ₹30, refresh ₹500, moderate ₹1,200, full ₹2,200 per sq ft of carpet area

Rates are indicative for Indian metros in 2025; get at least three itemised quotes.

Worked example

These are the sample values already filled in the calculator above, and the result it returns for them:

InputSample value
Carpet Area (sq ft)1,000
Scope of WorkModerate – flooring, false ceiling, wardrobes (₹1,200/sq ft)
Modular Kitchen Budget (₹)3,50,000
Bathrooms to Redo2
Cost per Bathroom (₹)1,50,000
Contingency (%)15
ResultValue
Total Renovation Budget₹21,27,500
General work₹12,00,000
Kitchen₹3,50,000
Bathrooms₹3,00,000
Contingency buffer₹2,77,500
Cost per sq ft overall₹2,128

Tips for using the Renovation Budget Calculator

  • Fix plumbing and wiring before cosmetic work; redoing it later costs far more.
  • A home improvement loan or top-up loan is usually cheaper than a personal loan.
  • Society approval may be needed for structural or façade changes.

Frequently asked questions

A moderate renovation of a 1,000 sq ft flat, with a ₹3.5 lakh kitchen and two bathrooms, comes to about ₹21 lakh with a 15% contingency.

10–20%. Older homes need more, as hidden damage often appears once work begins.

It is not deductible yearly, but it adds to the cost of improvement when you sell, reducing capital gains.