Home renovation
That Renovation Could Cost You More Than the Contractor’s Estimate.
- Compare renovation budgets. Test spending options before work begins.
- Understand the tradeoffs. Explore retirement, college funding, and available cash in Wealth Coach.
Love the renovation. Understand what it could mean for everything else.
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Example: Home renovation
Same retirement age. A very different cash cushion.
Two renovation budgets for the same sample household.
Scenario A$100,000 renovation
Scenario B$75,000 renovation
- Projected retirement age
- 6363
- College funding
- 87%Fully funded
- Lowest accessible cash
- $10,000$35,000
- $10,000 vacation
- Fully fundedFully funded
Retirement timing is unchanged. College funding and the cash cushion improve.
Change the renovation budget. Find what works for your life.
Illustrative projections for a sample household. Your results will depend on your circumstances and assumptions.
The Decision
Your renovation budget affects more than your home.
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Could a smaller renovation budget leave more room for other goals?
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Should you pay cash or finance part of it?
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Should you add the upgrades you really want or stay with the original scope?
See it in action
Your renovation. Your numbers. Your financial future.
Model the renovation you're considering and see how different budgets and financing choices could affect the rest of your financial life.
How Wealth Coach helps
Change the renovation. See what changes everywhere else.
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What happens if you adjust the renovation budget?
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What if you increase the scope of the project?
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What if you pay cash instead of financing?
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What if you finance part of the renovation?
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What if you move the project to a different year?
Accessible Cash
How much money will you still have available for unexpected expenses and other life changes?
Retirement
Could the renovation change when you can comfortably retire?
College
Could spending more on the project affect how much of your children's college costs you can fund?
Other Goals
What does spending more on your home mean for everything else you're working toward?
Start by seeing where you stand. Free.
Your financial overview is free. Use Premium or an eligible trial to explore how this decision could affect your goals.
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3–5 minutes
Create your initial financial profile in as little as 3–5 minutes.
Your own numbers
Personalized insight into how you’re tracking.
Build it once. Use it for every “what if?” that comes next.
See where you standWe built the financial decision tool we couldn’t find.
Wealth Coach combines highly customizable financial scenarios with approximately 250,000 interconnected formulas to help you understand how one decision could affect your other financial goals.
Explore your options anytime, directly from your phone.
Run the renovation on your numbers
Download Wealth Coach.
Set up your financial picture and goals once. Then enter the renovation you're considering and see how different budgets and financing choices could affect the rest of your financial future.
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Wealth Coach provides illustrative projections. Not financial advice.
Explore other decisions
The same financial picture works for your next question, from a new home to a change in income.
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