The Power of Budgeting
Updated: Dec 6, 2019
Budget Smart for your Next Home Reno with these Simple Tips.
Budgeting is a bit of a challenge for pretty much anyone regardless of what it is you are budgeting for. It could be for a new car, a new motorcycle, a house, some clothing, anything really. What about home renovations? Here’s a look at some tips I would use to properly budget for home renos.
1 – Decide on The Renovations
This can be a little tricky simply because renos fall under two different categories. There are the wants and the needs. Examples of both to help you sort out the difference can be if the renovation is to upgrade your shower enclosure to a new design with a massaging shower head and zero grade entry, it’s probably a want. If the bathroom reno is to replace thirty-year-old fixtures that are always failing, then I would classify that as a need.
2 – Size Matters
It’s always a good idea to start with a small project. There are a lot of reasons for this. They include, in no particular order, the fact that a smaller project will be quicker to budget for, the smaller project will also be completed faster to prevent any long term inconvenience within the household, plus, a smaller project is a learning tool for you when it comes to costs and estimates of service.
3 – See A Pro