There are three main parts of a remodeling project: schedule, scope and budget. Schedule is the amount of time that it will take to complete a project. Budget is the amount of money that you will have to spend on your project. Scope involves the tasks that will need to be completed in order to finish the project.
Scope is something that will take a life of its own. Many people only plan to do one thing, and they end completing several other tasks. If you get too many things done, then you will likely end up spending more money than you intend to. Fortunately, there are several things that you can do to prevent yourself from overspending during the renovation process.
Be Realistic
You have to be realistic about what you want to achieve. For example, you want to update your stairs. You can update your stairs for a relatively inexpensive cost by painting it and changing the bannister. However, you will have to spend a lot more money if you decide to reconfigure the staircase.
Stick to the Plan
You may be tempted to make a change during the renovation process. However, it is best for you to stick to the plan if you want to stick to your budget. Changing the plan can make the project go over budget if new items have to be ordered, unused items are sent back, and can add days to the project.
Be Very Specific
You have to be very specific about what you want. This will allow your contractor to give you an accurate estimate. Being specific will also ensure that you get the results that you desire.
Plan for the Unexpected
It is rare for a project to go exactly as planned. You may have to purchase a more expensive tile. You may take down the drywall and find that you have to replace the insulation. You may also have to hire an exterminator because you find rodents in the drywall. That is why it is important for you to plan for the unknown. You should also plan to spend 5 to 20 percent more if something unexpected happens during the project.
Manage Your Changes
Even though you should try your best to stick to the plan, it is normal to make changes at some point during the project. For example, you may decide that you want to change grout color. There is nothing wrong with making minor changes in your project. However, you should try to avoid making major changes.
Keeping these five tips in mind from Alair Homes Kitchener will allow you to complete your project without breaking the bank. You will also be able to complete your project on schedule.