Renovating your home can be an exciting process due to the transformation that is about to take place. With the long list of decisions that need to be made, it can be easy to forget about your pocketbook. Alair Homes Scottsdale has a few useful tips to avoid overspending.
Be Specific
Many people who are performing a renovation often exceed their budget because they aren’t specific with their contractors. You may receive various estimates from different contractors because they each assume that you want something different. Be specific about the type of materials that you want them to use and provide photos for inspiration. It will even allow you to have a realistic timeframe on how long the project will take to complete.
Stay Realistic
It can be easy to become unrealistic when planning your renovation. Many people forget that they may not be able to afford major changes. Being unrealistic will cause the cost of the project to skyrocket. Instead of changing the placement of your stairwell, opt for repainting it and installing a new banister to make it specific to your taste.
Avoid Straying From the Plan
Sticking to your plan will avoid adding extra expenses that may not be necessary. It can be easy to take detours, which can add thousands of dollars to the cost of the project. Avoid looking for inspiration after you’ve already passed along your vision to the contractor to avoid changing your mind during the process.
Expect the Unknown
It can be easy to try and have complete control over the renovation process on your property, but there are bound to be a few hiccups that are unavoidable. Many times, certain products or materials have delays and don’t arrive on time, which can push the completion date back a few weeks. Many contractors can also find underlying issues that can be expensive to repair, which can include mold or electrical issues. Understanding that certain problems will arise will allow you to plan accordingly by setting aside five to 20 percent of the budget for certain expenses that you don’t anticipate. Preparing for the unknown will alleviate any stress knowing that you have money set aside for the issues.
Remain Cautious of Changes That are Made
Any homeowner should expect change when renovating their property. Most contractors assume that the original plan will be changed a bit at some point. It’s normal to change the type of paint that you want on the walls or the color of carpet on the floors. Avoid changing the placement of a sink because it’s an expensive project. Always stick to the original estimate that you received from your contractor. If you don’t, it’s easy to exceed what you can afford.