Kitchen and bathroom remodel costs depend on your project and location. Check with a local pro for your specific job.
Luxury home renovations cost between $120,000 and $250,000 on average, with most homeowners spending around $150,000 for your high-end remodel.
The scope of your project and the type of high-end materials you select will determine your final luxury renovation costs.
You should budget for permits, renovation insurance, demolition work, and potential property tax increases when planning your luxury home renovation project.
Hiring a local home remodeling professional ensures your luxury renovation is completed correctly and helps you get the most value from your investment.
In 2026, the national average cost for a luxury home renovation is $150,000. Most projects fall between $120,000 and $250,000, with the final price driven by project scope, choice of high-end materials, and the size of the space being transformed. Starting with a single room can help you manage costs while still achieving the quality your home deserves.
When planning any home improvement project, the scope of work is the most significant cost factor in a luxury renovation, with prices running $100 to $208 per square foot or more depending on what you plan to do. The house renovation cost rises when you choose high-end fixtures and materials, since luxury renovations start where conservative remodels top out. Costs vary by room type and project size, as the breakdown below shows.
Typical starting costs by room type for a luxury renovation:
| Room Type | Average Cost in 2026 |
|---|---|
| Kitchen renovation | $41,495 |
| Bathroom renovation | $17,600 |
| Basement remodel | $34,500 |
| Attic | $35,000 |
| Living room | $10,000 |
| Bedroom | $5,500 |
When your luxury renovation spans all or part of your home rather than a single room, costs are driven primarily by square footage, averaging $125 per square foot overall. Costs vary significantly depending on the total area being transformed, as the breakdown below illustrates.
| Renovation Size (Square Feet) | Average Cost in 2026 |
|---|---|
| 500 | $62,500 |
| 1,200 | $150,000 |
| 2,000 | $250,000 |
| 3,200 | $400,000 |
Hiring a specialized home remodeling contractor near you is one of the best pros to hire for a renovation because they understand the full scope of large-scale luxury projects. Professional labor typically accounts for 40% to 50% of the total project cost, with material prices adding considerably more when you select high-end components and fixtures.
The cost of hiring an electrician for luxury renovation work runs $50 to $100 per hour plus materials, though many specific tasks carry predetermined flat prices that vary based on material choices and project complexity.
Installing an outlet: $300
Adding a light fixture: $585
Rewiring: $6,000
Electrical panel upgrade: $1,600
Plumbing costs for a luxury renovation include service call fees of $100 to $250 for one-off installations or repairs, plus hourly rates of $45 to $200 for remodeling work. Materials add substantially to the final invoice, and costs vary by task, as the breakdown below shows.
Installing a sink: $665
Installing a luxury faucet: $2,800
Replacing pipes: $1,245
Rough-in plumbing for a bathroom: $6,500
Most homeowners pursuing a luxury renovation hire a general contractor to manage the entire project, with overhead and profit costs totaling 40% to 50% of the renovation price. In return, the contractor handles or subcontracts every necessary task, manages all tradespeople, and takes responsibility for securing permits and passing subsequent inspections.
Depending on the scope of your luxury renovation, you may need to bring in additional specialists directly or through your general contractor, drawing on experts behind some of the most popular remodeling projects. The figures below reflect average costs for conservative renovation work, and you should expect your actual costs to start at these averages and rise from there based on the level of luxury you choose.
Interior Designer cost: $8,540
Architect cost: $6,6420
Landscaping cost: $3,510
Flooring Specialist cost: $3,160
Roofing cost: $9,460
Luxury home renovation costs vary from the national average based on the cost of living in your area, with higher-cost-of-living states commanding meaningfully higher prices for the same work. The table below shows how costs in select states compare to the national average.
| State | Variation from National Average Cost |
|---|---|
| Georgia | -7% |
| New York | +8% |
| California | +13% |
| Minnesota | -5% |
| Nevada | +6% |
The scope of your luxury home renovation determines which additional costs will apply, so it pays to review each potential factor before finalizing your budget.
Demolition and prep work is a necessary first step before luxury components and fixtures can be installed, costing $4 to $17 per square foot or $50 to $100 per hour depending on the project and materials involved. These costs are typically folded into your contractor's overall estimate rather than billed separately.
Most luxury renovations involving plumbing, electrical, roofing, structural alterations, exterior work, or new construction require a permit, while simpler tasks like replacing floors or painting typically do not. Permits cost $150 to $2,000 on average, with the final figure depending on the scope of your project.
Renovation insurance is not required for a remodeling project, particularly if your existing homeowners policy already provides coverage, but it offers financial protection if something goes wrong during the work. Coverage typically costs $29 to $250 per month, making it a relatively low-cost safeguard for a high-value investment.
A major luxury renovation can increase your home's assessed value and trigger higher property taxes, so speaking with a tax professional before breaking ground is a smart step toward ensuring compliance.
How you finance your home renovation can significantly affect the total project cost, since home equity loans, lines of credit, refinancing, and other loan products all carry interest charges that add to the overall expense of remodeling.
Handy homeowners may want to tackle DIY home renovations. However, luxury home renovation is a job for professionals. When spending money on high-end materials and luxury components and fixtures, hiring a nearby home remodeling expert is an excellent way to ensure the project is completed correctly and safely and that you get the most reward for your investment, despite the higher price of hiring out the work.
Several home renovation tips are available to help you decide the scope of your project and deal with the factors that may come up during the process. One important decision is whether to pursue a full remodel or simply renovate parts of your home.
Remodeling generally includes reworking floor plans or making structural changes, which typically cost more than renovations that include updating or improving fixtures and components or recreating individual rooms one or two at a time.
A luxury home renovation represents a significant investment in your home. However, even when installing upgraded appliances and fixtures or high-end materials, there are things you can do to help control costs.
Budget your luxury renovation based on needs and add luxury items that are mostly visible or usable as the budget allows. Consider scaling back the project so you can include more luxurious items in some places while foregoing them in less visible areas.
Consider talking with your contractor to see if leftover materials from other luxury renovations are available at discounted rates instead of relying solely on custom-order purchases.
Take advantage of local and federal energy efficiency rebates and incentives that can help manage the final costs of replacing or upgrading HVAC components and energy-efficient appliances, doors, and windows.
Home renovations often increase a home's value and selling appeal and have a return on investment (ROI) of 50%. However, it's important to keep in mind that not all luxury home renovations experience the same ROI benefits. Installing high-end fixtures and luxury conveniences that inflate the project cost but don't add new usability can hurt your overall ROI. For example, installing a marble staircase where an attractive wooden one will work can reduce the cost versus benefit ratio.
When determining the potential increase in your home's value after remodeling, remember to account for the average selling prices of homes in your neighborhood for comparison and budgeting considerations.
Home is the most important place on earth, which is why Angi has helped more than 150 million homeowners transform their houses into homes they adore. To help homeowners with their next project, Angi provides readers with the most accurate cost data and upholds strict editorial standards. We extensively research project costs to develop the pricing data you see, so you can make the best decisions for you and your home. We rely on reputable sources, including the U.S. Bureau of Labor Statistics, academic journals, market studies, and interviews with industry experts—all to ensure our prices reflect real-world projects.
Want to help us improve our cost data? Send us a recent project quote to [email protected]. Quotes and personal information will not be shared publicly.
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