Ideally, you shouldn't spend more than 5% of the value of your home renovating it. The most expensive parts of renovating a home are remodeling the kitchen, remodeling the bathroom, replacing the roof, building outdoor areas, and adding central heating or an air conditioning system. This may be influenced by the general shortage of electricians, basic supply and demand, although people may also be spending more because electricity-related home improvements have become an increasing priority. Making the entire kitchen work with a single circuit may have worked in the 1960s, but in today's era of smart fridges, high-powered fryers, and other appliances that can do it all, you may be tired of having to work with blown fuses.
Not to mention that Houzz found a growing interest among homeowners in installing smart devices and security systems, which may sometimes require additional power lines or the help of a professional.
