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Remodeling Your Home - How To Stay In Budget

Home > Articles > Additions & Remodeling > Remodeling Your Home - How To Stay In Budget

Written by: Stephanie Stevens


When doing remodeling work around the house, costs can easily get out of hand. While you want to get the most out of every dollar you spend, tempering the enthusiasm with a little self-control should help ensure that you don't exceed the budget and end up paying more than you can afford.

1. Have a plan in place and stick to it.

Don't start any remodeling job without a plan in place. Make sure the plan takes full account of the budget constraints. Should a better design reveal itself during the course of the construction, just defer to it later. Any sudden and unplanned changes can easily contribute to your budget spiraling out of control.

2. Use a design contractor.

Enlisting the help of experienced professionals can help prevent common mistakes and oversights that can prove disastrous to your remodeling budget. If the job is big and complicated enough, hiring contractors should prove more economical than doing it yourself. Simple mistakes, after all, can end up requiring several hundred of dollars to repair and with an untrained hand at the helm, these errors can pile up.

3. Get a clear visual picture of the remodeling.

Make sure to have a clear visual of the renovations you're going to do. If you have a hard time seeing it in your mind or putting it to paper, you can use one of the many designing tools available online. They're incredibly flexible and accurate - save the results to your PC and keep a printout for later referral.

4. Make note of how each change will affect the rest of the house.

Try to see ascertain how changes in one room will affect adjoining parts of the house, including connected rooms, ceilings, floors and utility lines. Unexpected repercussions of remodeling work can create sudden costs that may prove way out of your budget.

Taking down a wall, for instance, will likely require you to undertake further work on the adjacent ceilings and floors, along with the two rooms it used to segregate. If you have a hard time figuring out how your planned remodeling will affect the rest of the home, run the ideas through a professional and enlist their qualified opinion.

5. Buy the building materials yourself.

If you hired contractors, get them to list the materials needed and buy them yourself. Remodeling professionals can charge up to 15% more for sourcing out materials than they will normally cost you. A little diligence might even allow you to get further discounts on materials, including sourcing them directly from factories and negotiating for bulk prices.

6. Find a way to reuse throwaway materials.

Instead of throwing away parts of the house that you've been meaning to leave out of the remodeled room, try and salvage good parts and save them for later use. Wood and glass parts from windows, doors, floorings and older furniture can easily be fixed up to create something new, either as part of the remodeling or for later projects.

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