Remodeling Budget Tips

One way to make a huge difference in the way your home looks and feels is to complete a home remodel. This can include updating appliances, improving the value of your home or boosting the overall functionality of your home. A home remodel can be a fun and exciting time, but can also be stressful if you do not properly budget. We have a few tips to help you enjoy the process rather than stressing out. Craftmaster Homes LC strives to complete every project within your budget and design choices. Our experience allows us to complete your project quickly without compromising the quality of results.

Decide Your Budget Before You Begin
Before you start any remodeling project, you should ensure you have fully budgeted for it. More often than not labor costs, materials or other unexpected expenses come up. This can lead to stress and anxiety if you don’t have an understanding of how much all of those expenses will cost. To avoid this, find out the cost of appliances, materials and anything else you are replacing before you begin your project. You also may need to shop around to find the best price, but be careful not to sacrifice quality when finding the best price. It is always best to budget a little extra in your budget as various unexpected costs can arise. Don’t let your home renovation put you in a bad situation financially due to lack of budgeting.

Splurge Items
Everyone has that one item that they are willing to splurge on for their remodel. If you are remodeling your kitchen it might be granite countertops, a motion sensor faucet or maybe a dedicated area to drink your morning coffee. Regardless of what you are looking to get out of your home remodel, make a list of items that you are willing to splurge on and those that you could settle for a less expensive option. If you are having a hard time deciding, consider what you use the most in your daily life. For a main floor bathroom it might be adding a full shower with a bench or knocking down a wall to create more space. Splurging on a new high-tech stove or adding an island to your kitchen might be on your splurge list if you are an avid chef. Thinking of the activities your family partakes in and your daily life will help you decide what you will use the most and how to get the most out of your money.

Current Space
Unless you plan to expand or knock down walls, it is important that you understand your current space to decide what you can do with your remodel. When selecting appliances and other functionalities for your home, be sure to account for the space they will require and if it fits into your current space. You can save labor and time costs by utilizing your current space.

Research Hires
As with any major project, it is important to do your research, especially before hiring a contractor. Labor costs can add up quickly. Sometimes you can save money by doing small DIY projects; however, don’t get in over your head on a project and create more work for a hired contractor. When selecting a contractor, ask family and friends for recommendations, read customer reviews and talk to different companies before you fully commit. You always want to make sure that you are giving yourself the best options for your home and remodeling project.

Keep Your Receipts
Make sure to keep your contracts and receipts after your home renovation project has been completed. This is especially important for your appliances and other materials. Appliances and materials should have some type of warranty. If something were to go wrong with one of these things, you usually have to have a receipt to make a claim. Craftmaster Homes LC wants to make sure every little detail is perfect in your remodel and exceeds your expectations. We pride ourselves on making sure everything is completed correctly the first time as we know it can be frustrating to have a new space set up and then it not function properly.

Some of these tips can seem like no-brainers, but they can truly make a world of difference when it comes to a home renovation. If you are looking to complete any type of remodel, Craftmaster Homes LC wants to help! We would love to build your vision. Contact us today!