Creating a budget can be tough but sticking to it can be even harder, especially when it comes to home renovations. Whether it’s a simple change of paint or a complete overhaul of your kitchen or bathroom, one thing remains the same in that you need a plan and money to complete the project. If you’re ready to get started, below are a few tips on how to set your budget and stick to it for your next home renovation.
Wanting to redo your bathroom is quite different than needing a new bath or shower due to malfunctioning plumbing. Start by making two lists; one of your wants and the other of your needs. It is fine, and common, to want to design the home of your dreams but the reality of achieving this is layered. Think about what you want to achieve, and which parts of the project are most important. You should think about what you’re willing to compromise on if you run into any structural issues or your budget doesn’t cover the cost.
After you define your goals, you need to crunch the numbers. Create a financial plan of the expected and unexpected costs. You should also create a spreadsheet of how much money you have available for the renovations and how much you’ll need to complete the project. If the renovation is large, you could consider taking out a personal loan, or you could tap into your home’s equity. Depending on how long you’ve been paying on your mortgage, you might be able to acquire a line of credit based on your equity. If you’re not familiar with the process, there are a variety of guides you can review online that explain how a home equity loan works and whether you have enough built up to apply.
Once you finalize your budget, it’s time to find the right person for the job. Before heading to Google, ask friends and family for recommendations first. Word of mouth referrals typically yield the best results, especially when it comes to home renovations. Write questions from most to least important prior to the interview process. This will keep your thoughts organized and allow you to use your questions as a checklist.
You should also meet with at least two to three contractors prior to getting started. Make sure you’re clear about your vision, expectations and your budget. You also need to ask how they handle unexpected problems and how it could adversely affect your budget. In addition to getting quotes in writing, you should inquire about previous projects each contractor has completed. Reputable contractors are always happy to share the details of past jobs, before and after photos as well as a list of references.
There are plenty of ways to save money when renovating your home. For example, if you’re giving your kitchen a complete makeover, you can gut your kitchen by removing the cabinets yourself and pulling up old flooring. In the bath, you can also remove the vanity and old fixtures to help lower the cost.
In an age of extravagance, minimalist interior design is a welcome splash of fresh air for home. De-cluttering the extraneous, prioritizing function, and embracing sleek visual beauty, minimalism is more a philosophy than a style. While minimalist interiors to others appear sparse or too minimalist, real estate trends indicate that minimalist, uncluttered houses are what […]
When designing a small space kitchen planners use smart solutions that help to save space and create a practical clutter-free kitchen environment for space and cooking things. A small space kitchen design can be very functional and beautiful if every inch is used and the right materials are selected. Having a small kitchen can be […]
Along with other furniture, storage units for living room play a vital role in Indian households. From handcrafted artifacts to vases and books, everything is stored in these units. Adding storage units for living room makes the space truly multipurpose while also acting as a fine decor element. Vivid products like TV units, bookshelves, consoles, […]
A well-designed driveway not only adds value to your property but also improves functionality and curb appeal. When it comes to creating a durable, attractive parking area, choosing the right type of parking tiles are essential. Parking tiles are specifically designed to withstand the weight of vehicles, resist weather elements, and maintain their appearance over […]
Looking to transform your dining space? A modern crockery unit design can be the key element for the upgrade! In addition to its usefulness, an ideal crockery unit design provides a less cluttered space, adds ease of access, and serves as a feature of your home. Recent innovations in design also allow you to adapt […]
Modular houses are prefabricated structures built in modules manufactured and assembled on-site. They are built under controlled plant conditions, using the same materials, and designed to the same codes and standards as conventionally built facilities but in about half the time. As a result, this reduces the construction cost to 30% to 50% less than […]
Brick houses have been a cornerstone of architecture for centuries, celebrated for their durability, aesthetic versatility, and timeless appeal. In modern design, architects continue to explore innovative ways to incorporate brick into residential spaces, blending traditional materials with contemporary needs. While the design of each brick house is unique, there are several ways to incorporate […]
Architecture is not just a profession, it is an evolving journey of discovery, adaptation, and growth. At Elev8 2025, Architect Hiren Patel takes us on a journey into the design philosophy of Monkey Forest Villa. He explores the architectural elements that contribute to the home’s artistry. He also offers insight into the story of his design […]
One of the significant decor elements for the living room is the sofa. Sofa designs for living room radiates the feeling of comfort, the dweller’s personality, and their personal touch to the design. From traditional Indian settees to modern-day lounges, with plenty of choices available, it can be puzzling what to choose. With this curation […]
Plants for home garden, apart from making houses look more beautiful and inviting, add health and calmness to them. Having any kind of indoor plant, a herb plant or a flowering plant adds some value to your decor and the quality of the space. Always choose plants that will flourish in your space and climate. […]