As I've been writing about buying and remodeling condos, I think it's about time that I go over how much it costs to do condo renovations on a budget. It'll be pretty much impossible to know whether you can turn a profit on a condo remodel if you can't ballpark how it costs to remodel your condo.

It's much cheaper (and easier) to buy and fix up a $300k condo than a $600k house. Having just purchased a condo and renovated it, I can confirm that the numbers pan out, but it's easy to pick the wrong plac and end up losing money. No one wants to buy a $300k condo, put $50k into it and end up with a condo worth $325k.  Luckily, the right place can be fairly easy to find if you follow these guidelines.