The NKBA recommends budgeting 15-20% of the value of your home. For example: $250,000 home = $37,000-$50,000 kitchen remodel budget. $500,000 home = $75,000-$100,000 kitchen remodel budget. Once your budget has been determined, cut it by at least 25 percent. Set the extra money aside as a cushion to make unexpected surprises much less stressful.