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.
When it comes to creating a home that oozes personality and a sense of curated luxury, there’s nothing quite like mixing the old with the new. Antiques, with their unique charm and intricate details, are perfect pieces to anchor modern décor in opulence, offering contrast and character. But the question is, how do you seamlessly […]
In recent years, Korean wallpaper has become one of the top choices of families and businesses when it comes to decorating living and working spaces. With outstanding advantages in quality, design and aesthetics, Korean wallpaper not only helps to refresh the space but also creates a modern and luxurious beauty. 1. High-quality, durable material One […]
Luxury bathrooms are no longer just functional spaces. They have evolved into sanctuaries of style and comfort. One feature architects now swear by is the LED mirror, which combines modern aesthetics with practicality. These mirrors are becoming a staple in high-end designs. They elevate the ambiance, add functionality, and fit perfectly into various decor styles. […]
Heating a home in cold climates can be a significant challenge, both environmentally and financially. Traditional systems often rely on energy-intensive methods, which can lead to high utility costs and contribute to greenhouse gas emissions. However, passive heating strategies offer an alternative that is not only cost-effective but also environmentally sustainable. By integrating smart architectural […]
Today, Living room lighting ideas are taking a whole new shape globally. However, certain countries reflect the local context. In India, living room lighting ideas are crucial in attaining the occupants’ visual comfort where traditional and modern design elements coexist. In this curated list of living room lighting ideas, you will be highlighted with types, […]
Your bedroom is more than just a place to sleep; it’s your retreat, a haven of comfort and style. The furniture you choose plays a big role in shaping how this space feels and functions. The right furniture can redefine your bedroom’s aesthetic while maximizing comfort and utility. Explore statement bed frames, clever storage innovations, […]
Elevating Interiors with Louvered Doors Louver doors have been a timeless addition to homes, blending functionality and aesthetic appeal. As we step into 2024, these versatile doors are evolving with innovative designs, fresh colors, and sustainable materials. This article explores the top trends shaping louver interior doors for 2024, offering insights to help you make informed […]
Got a small space and big dreams for your living room? You’re not alone. Many face the challenge of finding living room furniture that fits tight spots but still oozes style. It’s like trying to squeeze into jeans from high school—tough, but not impossible. Here’s a cool fact: you can have chic and functional spaces […]
Creating the perfect wardrobe design for your bedroom interiors can feel like a challenging puzzle. After all, this piece of furniture isn’t just for storing clothes – it’s also a defining feature of your room’s style and a key element of organization. It’s not just a practical necessity; it’s also an essential element that contributes […]
When you walk into a room, what’s the first thing you notice in the interiors? The furniture, the walls, or the ceiling? Often overlooked, the ceiling plays a significant role in defining the ambiance of a room. If you’re looking to add some flair, sophistication, or a modern touch to your living room, false ceiling […]