We’re not going to sugarcoat it: Home renovations are stupid expensive. If you aim for a $40,000 finished basement, it’ll cost you fifty. If you tell your architect you can’t spend more than $700 on flooring, you’ll somehow get talked into a grand. If at some point somebody discovers a rusted pipe that needs replacing, you will literally start hemorrhaging dollar bills.

The good news? You can now educate yourself about your options.

We checked in with our pals at Bolster--a cool new company that helps homeowners vet contractors and insure renovations--for some tips on where to splurge and scrimp when undertaking a remodel.

Click here to see what’s worth shelling out for and when you can be frugal. Hint: Cheap doors are OK, but heaven help the woman who goes with a low-end faucet.