One of the smartest steps in any renovation is creating a budget that matches both your vision and your financial limits. Too often, homeowners underestimate costs or forget to include essentials like permits, labor, and unexpected repairs.
A realistic budget doesn’t just list the big-ticket items like flooring and cabinetry. It also accounts for smaller details—hardware, finishes, and delivery fees—that add up quickly. Setting aside at least 10 to 15 percent for contingencies ensures surprises, like hidden water damage or price increases, don’t derail the entire project.
A solid budget also helps prioritize. Knowing how much you can spend allows you to decide where to splurge—such as on durable countertops—and where to save, like with lighting fixtures or décor that’s easier to upgrade later.
Without a realistic budget, even the most beautiful renovation can lead to financial stress. Careful planning ensures the finished project is both stunning and sustainable.