As a homeowner, it’s not uncommon to find things about your home that you want to change. Regardless of the home remodeling project you have in mind, an experienced contractor like Arrow Kitchens & Bath in Webster, NY, can help you bring your vision to life. Before you start working with a contractor, you’ll want to establish a budget for your remodel.
5 Steps to Creating the Perfect Remodeling Budget
1. Figure Out How Much You’re Willing to Spend
The first step in establishing your budget is to figure out how much you can afford to spend on the remodel. Rather than picking an arbitrary number, examine your finances to see how much you can afford.
2. Determine How Long You Plan on Living in Your Home
Once you have an idea, decide if your home remodeling project is worth the money. If you’re planning on staying in your home for five to ten years, a full kitchen remodeling project may be appropriate. However, if you’re planning on selling your home in the next year or two, it may be best to opt for a smaller-scale renovation project.
3. Decide What You Want to Be Done
Before meeting with a contractor, decide which areas of your home you want to remodel. If you want to redesign your kitchen to create the floor plan of your dreams, you’ll need to know what you’re looking for before meeting with a contractor. Once you know which areas of your home you’re remodeling, the contractor can provide a better estimate for the job.
4. Expect the Unexpected
Almost every home remodeling project uncovers underlying structural damage and other problems that need to be repaired before the renovations can continue. Set aside extra money to cover these surprises, so they won’t throw your project off budget. Most people are advised to set aside 20% of their estimated expenses for this purpose.
5. Stick to the Plan
During a renovation, it’s not uncommon for homeowners to add a new feature to the plan. However, each new feature costs money, and the more features you add, the more your expenses increase. Stick to your original plan and keep your budget on track.
Whether you’re looking for an experienced professional to help you plan your bathroom remodeling project or you need a team of licensed contractors to oversee your home’s kitchen remodeling process, Arrow Kitchens & Bath can help. Visit their website to see their past projects and call (585) 670-9910 to schedule a consultation.