A renovation project is clearly an undertaking that costs money — but how much? The answer, of course, depends on the work that is done and the cost of labor locally. But a new study out from Houzz reveals the midrange annual costs for renovations across the U.S., data that could serve as a good starting point as you plan. The survey also asked renovating homeowners what caused their projects to go over budget.

The 2018 Houzz & Home survey collected information from nearly 150,000 registered users of Houzz, including more than 72,000 homeowners who renovated their primary home in 2017. Read the rest of the study HERE for insights from this sizable group.

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