Remodeling your home can increase its value and improve comfort, style, and function for your family. The scope and features of your remodel will help determine the contractors, materials, skills, and equipment needed for the job, which will contribute to its overall cost. Consult with your designer or contractor to plan and budget for each phase and aspect of your renovation.
Ways to Save On Your Remodel
Busting the budget is everyone’s biggest fear when it comes to renovation. And with good reason. Even if you follow the essential advice we’ve been doling out for years—build in a 20 percent cushion to cover the nasty surprises, get contractor references and check them, banish the words “while you’re at it” from your vocabulary—it’s hard not to end up shelling out more than you want to, even if you want to pen a check for a million bucks.
But why scale back a project or forgo that Viking range? No, what you need to do is get your dream at a price you can afford. And not by cheaping out, either. With some strategic thinking about design, materials, and timing, you can cut costs without cutting corners. On the following pages, we’ll show you the ways, from the big (knock down the house and start over) to something as small as choosing a wall sconce over a recessed light. But another universal truth about renovations is that every little thing adds up. So save a little here, save a little there, and pretty soon you’re talking about real money.
The need to renovate the home is commonly realized by the changing demands of the family or individual who inhabits it. Some of these include: new family members which calls for the need to expand living spaces; a new style preference which leads to the desire to repaint or refurnish; or maybe life events that require new space functions which may lead to knocking down walls or raising the ceiling.
If you’re thinking of renovating your space, it’s helpful to know the basics. Here are some handy tidbits that you need to know when the time for an upgrade comes.