Home Improvement Planning

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According to the Houzz & Home survey, more than a third of homeowners run over budget. The overrun accounted for 1.5 more spending compared to homeowner completing the home improvement on budget. The survey reported two common factors for exceeding the budget. Higher grades of products and materials accounted for 45% more spending. Increasing the scope of the project added another 33% to the budget. If the home improvement is mandatory to improve living in the home or a personal wish for more comfort, you need to develop a budget based on your financial calculations. Creating a realistic budget is the first step. Home Improvement Planning Planning starts with a list to prioritize between the items needing repair and replacement for…show more content…
You can plan the phases or projects throughout the year to fit your budget. Take the time to walk the aisles of your favorite home improvement store. Check out the prices, ask questions and attend project workshops. Although you may enjoy DIY projects, sometimes a professional tradesman should complete the home improvement. Prepare for the Unexpected Every home improvement project has a few surprises. The budget needs to some padding; 10% for small projects and 25% for larger projects. Depending on the age and layout of the home, surprises show up behind the walls and under the floors. DIY—remember the little extras like sales tax, shipping and delivery charges. It sounds small but these expenses add up against the budget. Schedule the Phasing Good home improvement projects take time. You need to be prepared to live around the renovations or move out during the renovations. Estimated timeframes for kitchens and bathroom remodels can take from three to five months. Create the plan with full details, get the cost estimates and financing in place can take one to two months. Add another two to three months for meeting with a contractor, interior designer or design to complete final
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