Lisa Schade

Broker, BS, CDPE, SFR

Q: What Home Improvement Cost Controls or Budgeting Ideas Might Be Helpful?

 

 

A: Plan ahead and create a realistic budget. Decide on the items and materials you would like to have in a room and set your budget accordingly. This will prevent hasty, and costly, decisions down the road. The experts suggest setting aside 10-20% of your budget to cover unforeseen problems and miscellaneous charges. Then, choose less expensive products that will help you achieve the look you’re trying to obtain. Avoid labor intensive design features, such as tiled floors. You may also want to pursue your home improvement in stages, if you can’t afford to pay for the entire project at once. Also, purchase surplus, secondhand, or discounted materials from other contractors, warehouses or classified websites like www.build.recylce.net to reduce costs. If possible, avoid too many take-out meals and/or hotel stays. Try isolating construction areas so that your living space isn’t interrupted and other household space can be used to heat or prepare meals once the kitchen is being remodeled.

Reprinted with permission from RISMedia. ©2014. All rights reserved.

UA-12953484-1