3 Ways to Stick to your Remodeling Budget

//3 Ways to Stick to your Remodeling Budget

3 Ways to Stick to your Remodeling Budget

Remodeling is not cheap.  A minor renovation costs on average $10,000, a major upwards of $50,000, with the median around $30,000.  Since everyone has different wants and needs when it comes to remodeling, I have found that if priorities are set at the beginning and referred to throughout the entire project – budgets are rarely exceeded.  Here are a few ways to keep remodel costs down and stick to your budget.

        1. Write down your priorities and goals.   Review these with your family and your designer, and reference them frequently throughout the process.      Keeping these priorities and goals at the forefront of your team’s minds will help you stay on track during every step of the decision-making process.

Examples of priorities and goals:

  • I cannot live without soft close drawers
  • I dream about having an island
  • I love cooking, the biggest and the best appliances are a must
  • I am hosting the holidays, so it is important that the space is complete by November 1st
  • This is not a space I use often, so the look is more important to me than the function
  • I do not plan to stay in this home long term, so it is important to me that it looks great for resale.  It is not as important to me to have added features – “bells and whistle

       2. Ways to keep costs down – Construction

  • Avoid making major mechanical changes 
    • Moving your sink from one side to the other. This is a minor plumbing change in some cases, but in other cases this can be a budget buster.
  • Avoid structural changes
    • Tearing out walls.  If you are removing a load bearing wall an architect may need to be called on to determine the appropriate adjustment to support the load through a microlam beam.  Even walls that are not load bearing can have HVAC, plumbing or electric running through them, which can be costly to relocate. 
  • Avoid add-ons during construction
    • Deciding to add under-cabinet lighting after the electrical prep (wiring) has already been completed, will cost you.  The electrician will need to make a return trip, and there may be drywall repairs. 
  • Think about what you can do yourself.  Paint is a likely example – if you can DIY this, you will save

       3. Ways to keep costs down – Selection and Design

  • Avoid incremental additions
    • Be prepared for the “kid in a candy store” feeling when selecting final finishes. Soap dispenser, glass doors, in floor heat— to name a few.  Like the checkout lane at the grocery store – gum, mints, a magazine.  It adds up quickly.  Refer to your priorities and goals to help curb impulses.  
  • Understand your options, and their cost implications

If you have further questions please contact The Inde Design Studio in Victor, New York: info@theindestudio.com or 585-249-8100.

The Inde Studio services all of Monroe, Ontario County and the Fingerlakes Region.

2020-06-04T15:03:15-04:00 June 3rd, 2020|Categories: Uncategorized|

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