Reading Time: 1 minute

make it. better.

 

 

Managing your renovation budget doesn’t have to be as impossible as it sounds. Making a few smart, proactive decisions and showing a little initiative is the easiest way to make sure your budget doesn’t grow out of control. Learn about a few things you can do to keep your budget in tact by checking out our video (and transcript) below:

How to Manage Your Renovation Budget

 

 
If your home renovation budget starts to spiral out of control, it can get pretty stressful. Unexpected costs can start adding up, and pretty soon you’re mortgaging your house just to renovate it.

budget planning

Here are a few tips to ensure you stay on budget.

1. Put Aside a Little Extra

piggy bank

It’s important to account for unexpected costs in the beginning. The reality is—things can go wrong. Product costs can fluctuate, contractors may have unexpected fees, your cat might get stuck in the drywall… That’s why we recommend putting aside 5-10% of your overall budget for unforeseen  expenses

2. Grab a Hammer!

Another way to keep costs down is to grab a hammer, and do as much of the work as you can yourself.

contractor

However, make sure it’s the kind of job you’re skilled at. You may feel comfortable painting the baseboards, cutting your drywall, or buying light fixtures, then you can do that yourself and save money for other home renovation costs.

And, if you run out of money and your renovation is still not done…well–there’s always the lottery!

 

watch more make it better

LinkedInRedditPinterest
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Jill Canty

hiker; runner; breakfast food, mcdonalds, and beer lover; HBO and AMC marathoner; insatiable modern fiction devourer; hopeful globe-trotter; concert-goer; proportionate Beyoncé obsession-haver; and - of course - content writer.