Your 5-Step Guide To Budgeting For A Whole Home Renovation - PowerPoint PPT Presentation

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Your 5-Step Guide To Budgeting For A Whole Home Renovation

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Many homeowners who create budgets for their gut renovations, still get a nasty surprise when the final bill is presented to them. However, while this is occasionally unavoidable, generally speaking, there are plenty of ways to ensure that with meticulous planning, your whole home renovation costs don’t skyrocket. – PowerPoint PPT presentation

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Title: Your 5-Step Guide To Budgeting For A Whole Home Renovation


1
Your 5-Step Guide To Budgeting For A Whole Home
Renovation
2
  • Many homeowners who create budgets for their gut
    renovations, still get a nasty surprise when the
    final bill is presented to them. However, while
    this is occasionally unavoidable, generally
    speaking, there are plenty of ways to ensure that
    with meticulous planning, your whole home
    renovation costs dont skyrocket.
  • Read on for your 5-step guide to creating a
    workable budget for your home renovation

3
  • Step number 1 stop dreaming, start calculating!
  • By putting in place a firm limit to your budget
    that you absolutely cannot go over under any
    circumstances, you can avoid being faced with a
    hefty bill that you werent prepared for when the
    project has been completed. Whatever the final
    figure you settle upon (and it will course depend
    on the extent of work being carried out, and your
    available funding), it must be large enough to
    cover any issues that may occur, while still
    giving you a finished product that you can be
    proud of.

4
  • If you need further guidance on how much a home
    remodel is likely to cost, you can of course ask
    local renovation companies to assess your home
    and proposal, and give you estimates, or do
    plenty of research yourself.
  • Step number 2 carefully consider the cost of any
    add-ons
  • When coming up with a figure that you dont want
    your budget to exceed, you must factor in the
    cost of any potential issues that may occur
    throughout the project and which could
    unavoidably bump up the final bill. Generally,
    adding an extra 10 to the budget for unforeseen
    costs should cover it, but it can be wise to make
    sure you have another source of emergency cash
    outside of your budget, just in case.

5
  • Step Number 3 prioritize certain features
  • While it might be wonderful to have every single
    dream aspect of your home fulfilled during a gut
    renovation, the chances are that this will make
    your budget spiral wildly out of control, so try
    prioritize those features that are most important
    to you, and which you will get the most pleasure
    or use (or both) out of. Think about what you
    simply must include in the renovation, and what
    can wait until a later date when youre
    replenished your bank account, or what doesnt
    need to be featured at all.

6
  • Step number 4 conduct plenty of research
  • Once youve set your budget and determined what
    absolutely must be included in the gut
    renovation, its time to start doing some serious
    research. Make sure that your existing plans are
    realistic, that you can actually afford to create
    the spaces inside your home youve planned for,
    and whether any costs can be reworked to reduce
    the cost further. Sitting down with a renovation
    company can be advantageous at this point, but
    its worth remembering that their help doesnt
    come for free time is money after all. So
    ideally, understand as much about the processes
    involved yourself as you can, and youll be much
    better informed when the time comes to choose a
    construction company and start signing paperwork.

7
  • Step number 5 begin gathering estimates
  • If you havent already started working with a
    renovation company, now is the time to start
    getting estimates for the work planned, from
    local construction and renovation companies. Ask
    plenty of questions of them, and only when youre
    satisfied with the answers and their suggested
    price, should you sign a contract.
  • Its important also to remember that you
    shouldnt necessarily assign the project to the
    company that offers you the lowest estimate you
    want to make sure your chosen company are able to
    complete the work successfully and
    professionally, with an emphasis on quality.

8
  • Budgeting for a whole home renovation isnt
    always easy, but by taking your time, thinking
    carefully about every space in the home, and
    coming up with a firm figure that accounts for
    unexpected extras, you can do your best to keep
    your budget, and the project, on track.

9
  • RZ Construction Group Inc is the best fully
    inclusive general contractor in Queens NY. From
    initial design to final clean up, our results
    speak for themselves. We are fully licensed,
    insured, and bonded to provide both commercial
    and residential construction services and
    apartment renovation in Queens, NY and the
    surrounding area. Proud to serve New York State
    for 25 years. No job is too small nor too big. If
    you are looking for apartment remodeling in NYC
    or want to know more about our wide range of
    professional but affordable construction and
    repair services, reach out to us at (718)
    938-9887.
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