The thing about remodeling is… one thing always leads to another. One scenario: you’ve seen how gorgeous your new 84 inch bathroom vanity is so now you want to redo your floors. Another, once you’ve pulled out your kitchen cabinets, you find termites or mold. Is that reason enough to put off living in a beautiful new space custom-designed for you? Maybe. If you have only set aside enough money for the bare essentials, you are not ready to start your project. When it comes to remodeling your home, it’s important to plan for the unexpected. Establish a budget, and set aside an additional 10% of that budget for the unknowns. You don’t want to fall in love with those amazing knobs and find out they’re just not in your budget. You also don’t want to end up like those couples on HGTV that have to do without a master bathroom because their electrical panel needed updating mid-remodel.
Whether you just want a DIY (do-it-yourself) bathroom facelift or an extreme home makeover, the smart move is to establish a budget. It’s not fun, and you may not know where to start, but it is critical. But why? Well, to start, there is no end to the amazing things you can do to fix up your space. Do you really want to spend $7,000 on new paint, countertops, sink, faucet, toilet, knobs, mirror, and lighting and then realize for only $1,500 more, you could have purchased a new cabinet if you had budgeted for it? And like many things in remodeling, if you don’t do it right the first time, it will cost you much, much more the second time around. So how do you figure out a budget? There are “rules of thumb” and National Kitchen & Bath Association guidelines. Any decent contractor can look at your space and give you a very rough estimate. But within these guidelines and budgets, there is a huge range. It’s like buying a car. It really is. How do you figure out your budget for buying a new car? You can look online and see how much a new car costs. But, what kind of car? Do you want the basic model, or would you like air conditioning? The bottom line is, what are you willing to spend on a new car? What is it worth to you? Don’t forget, the best part about a home remodel is that aside from a purchase, it is also an investment! And just remember, when you buy a new car, you know you have to set aside money for taxes, gas, insurance, and maintenance. With a remodel, the money you set aside might just stay in your bank account.
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2303 S. Stockton St., Lodi, (209) 334-4060, classicdesignftc.com