Establishing a realistic budget for your kitchen, bath or other remodeling project has become more difficult because of supply chain shortcomings, rising material, labor, energy, and transportation costs and global events. The silver lining is that increased housing values have more than offset higher renovation expenses.

A good rule of thumb for a kitchen renovation is that the cost will be between 10 and 20 percent of the value of your home and sometimes even more based on the variance determined by the following:

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