Are you on a budget but still need renovations made to your home? From planning ahead to remodeling in stages, there are ways to improve your house without breaking the bank. Check out these budgeting tips for home renovations ranging from windows and doors to siding and roofing.
When you plan ahead, you minimize the chance for surprises or frivolous spending decisions. Put your plan in writing. Create and stick to a budget. It’s helpful to make a spreadsheet outlining all your projected costs. Compare siding styles and costs, for example. Allocate funds to each line item. But be sure to leave a little “wiggle room” for delays and extra materials.
Much as you would like to go wild with your renovations, you need to stay realistic. Your budget may not allow you to do everything you want. You will have to compromise in some areas to align with the money you have set aside. Also, plan for contingencies. These include delays due to weather, material availability and timelines. When you are realistic with yourself about what you can afford, you won’t over-extend yourself and end up in a pickle later.
Include a “Buffer” Fund
Pad your budget a bit to account for unforeseen circumstances. Unexpected expenses are a part of any home remodeling project. It’s best to be prepared for them, with extra money in your renovation fund, rather than scramble at the last minute to come up with the cash, or worse, slap it on a credit card.
Invest in Quality
You may think investing in high-quality materials and workmanship will eat into your budget. The truth is, while you may pay more at the outset, you will benefit from many more years of service than if you were to cheap out and buy the least expensive products. When you use quality materials, and they are installed by a professional who knows what they are doing, you will reap the rewards in terms of longer life span of your remodel.
Remodel in Stages
Who says you have to tackle a huge renovation project at once? This can drain your budget very quickly. Rather than overextend yourself financially, while saving your sanity at the same time, remodel in stages. Do new siding and windows one year, roof the next, a new deck the next. This is also smart logistically, as you won’t be displaced from your home with five remodeling projects going on at once.
Contact Nations Choice for More Tips on Affordable Home Renovations
Contact Nations Choice today at 703-778-5300 or complete the form below to schedule a free, in-home consultation for your home remodel. As Northern Virginia’s top choice for home improvement services for the past 30 years, we are your #1 destination for anything from replacement doors to roof repair. We can help you stick to your budget!