How To Create a Budget For Your Bathroom Remodeling Project
Remodeling your bathroom can be fantastic home improvement project, and you don’t need to spend more than you can afford to get it done. The professional South Lyon remodeling contractors at Apple Renovation Services can help you make sure that you’re able to get the most out of whatever budget you have for project.
Improving your South Lyon home is always a great investment, and remodeling is a great way to instantly raise your home’s resale value. But that doesn’t mean that the project needs to be excessively expensive in order for it to be successful.
If you’re looking for remodel your bathroom without breaking the bank, our professionals can help. Here are a few tips for creating a budget for the project that can help with your initial planning of the remodel:
1. Consider What You Can (And What You Should) Spend
South Lyon bathroom remodeling projects can cost up to $26,000 dollars or more, but the actual amount that an individual homeowner spends can be much lower. The amount you’re willing and able to spend on remodeling your bathroom will depend on your finances, your home, and your goals for the outcome of the project.
Begin creating your budget by taking an honest look at your finances and determining how much you can realistically spend.
When you’re deciding how much to spend, you should also consider how much longer you’re planning to live in your South Lyon home. If you’re planning to sell the home within the next five years, your main concern should be the return on investment that you’ll get from the project. If you’ll be staying longer than that, then you should focus on the comfort and enjoyment that you and your family will get out of the changes you make.
2. Cut Back on Your Costs
When you’re planning your budget and designing your remodel, remember to factor in the cost of labor. Labor usually accounts for about one third of a bathroom remodeling project’s entire cost.
If you need to cut costs after you’ve determined an initial budget, start by cutting out any amenities that aren’t 100% necessary. Later, you can add these if you have any surplus funds.
If you’re working with a smaller idea, it may be best to approach the design by figuring out what essentials you absolutely need, then seeing what you can afford to add on.
3. Leave Yourself Some Room
Unforeseen expenses are almost guaranteed to come up when you’re remodeling your South Lyon bathroom, and it’s very important that you’re prepared for that. When you’re planning your budget, it’s very important to try to leave some wiggle room.
Our professionals recommend that you have around 10% of your budget reserved for unexpected problems. At the end of the job, if you didn’t need to spend that, you can use it to add a few of the more luxurious options that you got rid of while cutting costs.
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