When it comes to home improvements, knowing what you want is the easy part, the tougher part is figuring out how much you can afford. All renovations can add up rather quickly. It is very important for you to budget accurately before you start any type of remodel. There are four steps that you will want to follow in order to calculate how much remodel you can afford: ballpark the cost, establish a spending limit, get quotes from contractors, and set your priorities.