How do I set a realistic renovation budget?
Setting a realistic renovation budget involves a few key steps to ensure you don’t overspend and can complete your project successfully. First, assess the scope of your renovation by listing all the changes you want to make. Next, research the costs associated with these changes, including materials, labor, and any permits you might need. It’s also wise to get quotes from multiple contractors to compare prices. Don’t forget to set aside a contingency fund, typically around 10-20% of your total budget, to cover unexpected expenses. By planning carefully and doing thorough research, you can create a budget that aligns with your financial situation and renovation goals.