When it comes to a home remodel, everyone’s got a budget. But what happens when the budget you’re working with doesn’t stretch far enough for the work that needs to be done on your home?
Remodeling on a budget is all about finding places to save money and prioritizing the most important areas to focus on. It can be challenging, but it can definitely be done. No matter what kind of budget you have, with some smart and savvy decisions, you’ll be able to build a beautiful home.
This guide will help you to clarify the areas you need to focus your attention and your resources on. Read on for a pragmatic guide to sticking to your remodeling budget.
What Are the Most Important Areas?
The first step to organizing your budget is to determine which areas to prioritize. This may seem like a straightforward task, but it can be more challenging than you’d think.
In most households, with all rooms equally in need of some TLC, the rooms to focus on would be the kitchen, foyer, and primary bathroom. However, it could be the case that you never use your kitchen, or your entryway is so tiny you don’t care so much about what it looks like. You need to think about the rooms that matter most to you.
Which are your most-used rooms of the home? Where will you be entertaining most often? By answering these questions you’ll gain an insight into which rooms you should really be focusing on.
Where to Spend and Where to Save
Fitting into a budget is all about figuring out the areas where you can save money, and where you wouldn’t want to cut any corners. For example, is having real hardwood floors something that’s important to you, or would you be ok with a laminate?
Are you willing to forego some of the design elements you wanted for your bedroom to get that top-of-the-range oven in your kitchen? Go through all of the features you want, and then weigh up their pros and cons. Again, prioritize the things you really want or need, and then accept that you may have to sacrifice elements in other areas to get them.
Set a Budget and Stick to It
One tip when creating a budget for your remodel is to set it in advance and then stick to it. The mere act of creating a budget can be helpful, but budgets often end up going way over. Communicate to your contractor that you’re unable to go above your agreed price and tell them to let you know if you’re about to go over in any areas.
Remodeling on a Budget Made Easy
Remodeling on a budget is something that requires a lot of planning, organization, and tough decisions. But when you learn to prioritize and compromise, it can be done.
If you’re planning a budget-friendly remodel, we’d be happy to help. Get in touch with Alpha to Omega Properties today to discuss how we can help you create your perfect space.