Make Sure You Don’t Fall Victim Overrunning Your Remodeling Budget
Whether you’re renovating your home to increase the functionality or to increase the sales price, you need to start with a plan.
More than 40% of homeowners admit to going over budget with their home renovation projects. Below are 3 helpful tips:
- Create a budget of what you feel comfortable spending. Make a detailed list of every item you’ll need along with the price (caulk, grout, glue, nails, tools, etc.). Then add 15% for unforeseen circumstances.
- Choose your materials and selections before the project beginsand calculate their costs up front. Avoid choosing high-end, expensive items that are not within your budget. Look for a less expensive piece with the same look.
- If you arehiring a contractor, make sure you communicate clearly. It’s best to have everything in writing. Before you approve a bid, confirm that it spells out the quality of materials that you want. If there are unforeseen issues, ask your contractor how the change will affect the budget.
Sometimes, homeowners get started on a home renovation and later realize they’re in way over their heads. If that’s happened to you, your home is torn apart and you can no longer afford to fix it up, Better Place Florida may be able to help. We buy houses in any condition.
For a free consultation contact Better Place Florida at 813-405-0000.
Let us help you get to your better place.