The Power of Budgeting
Updated: Jan 23
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
When you get to the estimate phase for your renovation project, have a professional come in and give you an estimate on costs, materials required, etc. Unless you happen to be a contractor who can do this yourself, always have a pro break the project materials list down for you and listen to their suggestions related to your project whether it will save you money or change your materials to something else. I always suggest speaking to more than one company as well.
4 – Take Your Time
Sure, I’d love to be able to snap my fingers and see a whole new deck off my master bedroom, but I know that such a project is going to take some time to complete. Luckily for my family, I’m very, very patient. You must be as well, especially if your budget requires a longer wait time to be in place. The idea here is not to rush anything. That way, you’ll appreciate the end result just that little bit more.
Need A Helping Hand with A Project?
Okay, I’m not going to pick up a hammer and help you in that way (trust me, you wouldn’t want me to anyway), but I can most certainly point you in the right direction when you need a professional to provide you with a job estimate. If you are in the Niagara Region, why not give me a call today at 289-213-7031? I’m Jen Bedard and I’d love to hear about the renovations you have planned.
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