Saving for a Home Remodel Project? Tips to Help You Stay Under Budget
When you’re saving for a home remodel, it’s easy to get overwhelmed by how much money you need to save. But don’t worry! Here are some tips on how to stay under budget and still make your dream home a reality.
Settle on a budget range first
If you’re just starting out with remodeling ideas, it can be tempting to just start adding things up and going from there. But before you do that, make sure you know what kind of budget range your renovations will fall into so you can plan accordingly and avoid blowing all your money on something that doesn’t fit within those parameters. A great resource is to utilize the Cost vs. Value Report for your region.
Budget for unexpected costs
They’re inevitable! The key is knowing how much they’ll cost and having enough money set aside to cover them. The last thing you want is to be days from completing your home improvement project only to find out that there’s another $500 worth of work that needs to be done before you can finish it off completely!
Start with a list of needs and wants
Once you know how much money is available for renovations, make a list of everything that needs to be done in order for your home to feel like yours again (or better than ever). Then add any “nice-to-have” ideas as well—these can include higher end fixtures and interior decorating to match your new space.
Work with a contractor
You can save money by working with a contractor who offers payment plans. This way, you’ll only need to come up with a portion of the cost at once, which means less cash out of your pocket at any given time. Check out Macktown Construction Group’s financing options here.
Get creative with materials
Not all materials have to be brand new. In fact, some old items can be repurposed into something new and useful for your remodel project! If you find something that works well and fits within your budget, don’t hesitate to use it!
If possible, try planning your project in stages—this way you can keep track of where your money is going and make sure it’s going where it needs to go. Plus, having multiple stages means that when one stage is finished (and paid off), there’s always another one waiting right around the corner!
Don’t lose track of how much money has gone into your project so far and what remains to be spent at this point! You can do this with a simple spreadsheet or by keeping track on paper if need be (just make sure it gets updated regularly).
If you’re thinking about remodeling your home soon, you’ve probably already imagined all the ways it will change your life. But there’s also a lot to think about when it comes to actually paying for the project. Saving for a home remodel project can be overwhelming, but we are here to walk you through it!
Ready to Start?
You can call or email Macktown Construction Group for your next home remodeling project. Because we take a design-build approach, the design and budgeting is completed up front, so our clients have peace of mind. The design-first process minimizes costly change orders, so clients get the most bang for their remodeling dollar. Clients are guided through the entire process with our design team providing insight and options to help decision making. At Macktown Construction Group we make sure each client understands every part of their remodeling project by walking them through the process and talking through all possibilities. Clients receive daily updates through our Buildertrend project management software. This allows for seamless communication throughout the process.
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