Planning a home remodeling budget is never easy because several factors can affect it, and sometimes, some of those are beyond your control. This doesn’t mean that budgeting is futile; in fact, it’s even more imperative to nail down your budget and to stick to it as faithfully as you can so that you get the best remodel within your budget.
There are ways to prepare a sufficient budget, at Marrokal Design & Remodeling we walk you through the process so that you’re comfortable with the scope of the remodel and the price tag.
Outline the Materials, Appliances, and Technology Needs
Understanding which materials and technology you want to use in your kitchen or bathroom remodel will help create a budget. For instance, many homeowners want “green homes”–homes that are sustainable and help them conserve energy so that they save money on their utility bills.
Make a list of all the things you’re planning to replace or change, and then consider which ones are a top priority. Make your original list comprehensive; you can always scale back if you find you’re going over budget. You can also divide your list into “must-haves” and “wants” to help you easily see which items are a “must” and those that you could wait to bring into your home.
Prepare an Emergency Budget
No matter how carefully planned a budget is whether it’s for a home remodel or an emergency slush fund, there are always times in life when things need to be adjusted, that’s why you should prepare an emergency budget; 10% to 20% of the quoted price is a good reserve to have for a remodel.
Make a Timeline
Having a timeline for the entire project whether it’s a kitchen or bathroom remodel or room additions is not only essential but also likely the only way remodeling a home will stay on track. At Marrokal Design & Remodeling, your Project Manager will make sure you understand each stage and the timeline of the remodel. It’s always best to use professionals with decades of experience because contractors bring a level of expertise and knowledge that you likely don’t have. They help you streamline your remodel and avoid unnecessary expenses.
A Word of Caution
If you’re doing your own remodel and repair projects, be sure you make your timeline account for every day or stage. Remember, delays can result in unnecessary expenses especially if, for instance, you were to have a plumber come out to work on your faucet and your fixtures haven’t arrived–you may still be charged for that visit.
Call the Experts: we aim to exceed your expectations
Want to discuss your next home remodel? We offer a stress-free remodeling process. We aim to exceed your expectations. Call us today at (888) 214-1544 to learn more. Our service area covers San Diego, CA.