Budgets are one of a contractor’s biggest problems, and with a good reason to back it. Did you know that most home remodel projects have a 15% to 20% cushion built into the expected budget for the sneaky surprises that pop up? From wiring that isn’t up to code to corroded and leaking pipes, the unexpected problems can sometimes cost nearly as much as the project. When you decide to remodel, use these simple tricks to keep your budget under control and your project on track.
Your Budget, Keep It
Whether you have a traditional home improvement loan or a tribecca.com/home-equity-loans-Toronto/, the money you have available for your remodel is limited. When you change plans, make alterations to your design, or decide you don’t like something once it is installed, you are working outside the budget. The rule is – don’t change the plan.
Add Lighting, Not Windows
Yes, looking out the kitchen window is always desirable, but when a window means cutting a hole into the side of your house and rearranging the framing and supports, you may want to consider a less expensive way to capture all the lighting you need. Why not add tube lighting in hallways and the kitchen? Or try stringing an industrial light or using track lighting to brighten the area.
Build Muscles, DYI Demo
One way to save a good deal of money is by working with your contractor to do your own demo. With each area you demo, you save hundreds of dollars that can be put into upgrades and additions. That can mean a bigger kitchen range or the addition of a deck. Another bonus, by working out all day doing demolition, you don’t have to hit the gym!
Many remodeling projects can add value to your home, but they can also easily go off budget and become very expensive. To stay within your budget, use these three secrets. By being aware, you can have a successful project.