Completely remodeling an average three-bedroom house costs between $15 to $60 per square foot. These projects can end up totaling anywhere from $20,000 to $100,000, which is a healthy chunk of change.
Remodeling projects can get out of hand and over budget very quickly. This can turn your brilliant idea for a dream home into an expensive nightmare.
Fortunately, you can avoid falling into these common traps by learning and applying these essential tips.
Tips for Keeping Your Remodeling Projects Under Control
Before you begin your big home renovation project, sit down and clarify your goals. Make a list of the things that you want and need, then prioritize.
Be specific with your goals. Instead of listing “kitchen remodel,” write down things like “install new granite countertops,” “replace kitchen tile with hardwood,” or “add more light fixtures.”
It’s also smart to work with a professional designer. Architects and interior designers know how to take advantage of building efficiencies and save you money. They can help you achieve the precise look and feel that you want in your home.
Keep your project as simple as possible. Try to work within your home’s existing footprint to eliminate expensive roof and foundation work.
Sit down with your designer and plan out every detail of the house remodel project before it begins. Make a list of all the materials you’re going to need and how much they will cost. Don’t forget to factor in waste disposal containers like roll-off dumpsters or a concrete washout.
Finally, do your best to avoid “while we’re at it” syndrome. It’s easy to think of extra improvements that you could make during a remodel. Adding on extra tasks can quickly eat up your budget.
Staying Within Your Remodeling Budget
Home remodeling costs add up quickly. Here are a few tips to help you stay within your budget.
If you decide to use a contractor, give yourself enough time to shop around. Meet with multiple companies to discuss your ideas in detail. Research the company’s history, check both recent and older references, and compare details of the different bids you receive.
Don’t let yourself get dazzled by the lowest offer. A price that’s too good to be true most likely is.
Set up a payment plan that spans the full length of the job. This will help you stay in control of your funds and prevent you from splurging.
Most importantly, set aside a cushion of 15-20% of your original budget. This will be used to cover any speed bumps that inevitably occur.
Remember, make a detailed plan in advance and stick to it as much as possible.
Managing the Stress of Remodeling
Big remodeling projects are stressful for any homeowner. But if you follow these tips and make wise choices, you’ll be on your way to creating the home of your dreams.
If you found this advice helpful, check out our other articles on home and decor today.