A lot of homeowners spend more than they should when remodeling their homes. And if you don’t keep an eye on this important home renovation project aspect, you too might end up spending more than you should, and things could get out of hand.
Here are five tips that will help you remodel without going beyond your budget.
- DIY (do-it-yourself)
If you think DIYs are always cheaper than getting professionals, you’re wrong. DIYs look easy but not for amateurs. If you lack expertise, you might end up paying more for your materials and having it redone.
Technically, DIYs are free, but if your DIY consists of heavy labor such as moving walls or lifting appliances, then you might need to hire contractors and schedule their work time. A good contractor is someone who will give you a reasonable price and schedule in a way that won’t waste your time and money. Lastly, a good contractor will always get it right on the first try. Hiring contractors, though, is only necessary for medium to heavy duty tasks.
Remember to only DIY if you think you know what to do and if you can correctly do the project on the first try. It might cost you more to te-do the project than hiring a professional.
- Hire experts
If ever you conclude that hiring someone to do the job for you will be better, make sure to get the right people. A way for you to find who the right contractor is, would be to ask at least three contractors for quotations and the services they offer at those prices. A red flag would be a very expensive quote which is a signal for a low quality of construction and materials. When you have chosen your contractor, make sure that even the smallest detail is in the quote.
- Detailed systematic instructions
When estimating the total expenses in your remodeling plan, consider whether it’s big or small. Don’t just focus on the prices of the materials but also the services when getting them like shipping fees, materials you need to buy to clean up the mess after remodeling, sales tax, etc. If you’re going to hire contractors since the improvement will need more hands, consider more expenses such as labor fee, permit cost, sewer and tap fees, and much more.
- Pay attention to the most relevant materials
Before you estimate the cost for each item that you’ll need, consider the things that are the most important in the project first. The more relevant the material is, the bigger budget you should put into it. There are also ways to give more budget to the material you need the most while staying in the budget. For example, your remodeling plan is about increasing the storage space in your kitchen, choose stock cabinets over custom-made ones. There is a big difference in price.
- Plan for unexpected expenses and decisions
If your remodeling includes renovation, expect to shed more money on your project and make sudden decisions. You might want to assume to be in a situation where you’ve already made your budget plans, but the tile included in your budget is unavailable. Thus, giving you your second choice which might be more expensive. Make sure to be a level ahead if you find yourself in a similar situation to avoid deciding something you’ll regret in the future.