How much does it cost to renovate a property?

Most property investors ask: “How much does it cost to renovate a property?”
In investment renos, costs are often more contained than personal home makeovers - but it’s still crucial to balance spending with expected return.

As a benchmark, investors coached by Wolfe Property often spend $60,000–$80,000, though you should expect no less than $50,000 for a meaningful improvement.

Below, you’ll find ballpark costs for key renovation components and tips to keep your budget in check.