One of the first things you should do when you want to renovate a property is to make a budget. Even with a budget, it is easy to spend more than you planned for since home renovations can come with unpleasant surprises that can’t be ignored.

Experts who have been in the building and renovation space for a long time have seen it all. They have seen people spend wildly over their proposed budget or halt projects because they couldn’t afford to continue.

How do you avoid these budget-busting situations? We have put together essential tips from experts to help you stick to your renovation budget.

Plan carefully

Consider every detail when planning. You should include every material, texture, and task of the contractors. Don’t make vague plans with the intention to include them during the renovation process.

Map out each project. For instance, if you are building a deck, consider what must happen each step of the way. Don’t forget about small expenditures. And consult the contractors involved to make sure that you are on the same page about what is required for the project.

Have money set aside for each stage of the project. Remember not to put off decisions until later. They may bring you surprises.

Combine projects

Once you plan, you can easily point out similar small projects. Some projects require the use of the same materials while others can be done by the same contractor. 

Combine these projects and it will save you some time and money. For example, replace the cabinets in the kitchen and bedroom at the same time. 

Choose the right contractors

Ask for recommendations from people you trust. Talk to at least three contractors before making a decision. 

The decision should not only be based on their fee. You need to consider the services included in the fee they are quoting. You also need to make sure that they understand your project.

You may consider hiring a general contractor or an expert in each field. Irrespective of the decision you make, ensure that the professional provides a detailed quote.

Don’t focus on choosing the most affordable professional. Sometimes, cut-rate prices may be a sign that he or she uses inferior products or has poor workmanship.

Budget for additional expenses

You may need to make new living arrangements until the project is completed. Make sure to allow for that in your renovation budget. This could also include hotel fees or restaurant fees.

You may need to pay for construction permits and other licenses. One cost people often forget is the delivery cost. Some materials may be delivered at the premise and you may need to pay for those.

Things may not go as smoothly as expected and you may require funds to deal with them. Pad your budget to prepare for these situations. For instance, when they open up a ceiling, they may see some damaged wood that needs to be replaced before the project continues. An augmented budget can easily handle that.

Compromise when needed

If you realize that you are stretching your budget, you may need to consider compromising on certain items or techniques.

You may need to change luxury materials to more affordable ones. Of course, this does not mean you should compromise on quality.

Talk to the experts

It is easier to stay on budget if your contractor is committed to your goal and to doing a quality job.

At Homestyle Renovations, we offer complete renovation services with your budget in mind. We transform your property to reflect your unique style.



We would love to work on your home renovations. Call us at 519-796-5448 or complete our contact form and we will get back to you.