Most people don’t have unlimited remodeling funds just lying around. You do your research, set your goal amount, and save your pennies. You’ve got just the right amount to cover your costs. Except, what if you don’t? How can you be sure you won’t blow your remodeling budget? Here are three tips.
What is most important to you in your project? That sounds like an easy question, but it can be tricky. It’s easy to get caught up in the most exciting aspects of a project—the newness, the paint colors, the appliances—and fail to consider what is most important. For instance, you may be dying for an in-ground pool, but the HVAC system is on its last leg. The pool is more fun, but the HVAC is critical. Prioritize the phases of your project by order of importance. This will ensure you get the most work out of your remodeling budget.
Unless creative design is in your blood, it’s probably diﬃcult to envision the ﬁnished project before construction has even begun. However, that is the perfect time to make your decisions. Don’t wait to see how it looks before deciding on countertops, ﬂooring, or appliances. Make as many decisions before construction as possible so that you know where your money is going.
Take One Step at a Time
Our homes are highly interconnected. Most of us, however, don’t have the funds to remodel the entire house all in one go. However, a project that starts in the half bath can quickly “might as well” its way to the kitchen, the living room, and all through the house until you’ve run out of money. You’re left with incomplete projects and a depleted bank account. If you hope to remodel every room, do so over the course of several years to spread out the financial burden. Take it one project at a time, and avoid the urge to rush.
Not only can you update your home without blowing your remodeling budget; if you follow these tips, you can even have fun doing it!