Home remodels take time (and money), and there are several steps to be aware of.
To ensure your home remodel goes as smoothly as possible, it’s best to establish a detailed timeline and max budget for the project.
Certainly, you could hire someone to plan, design, and budget the project for you, but that can cost a lot of money, and we’re all about budgeting wisely.
So instead, follow our home remodel guideline and timeline example, and you’ll be well prepared for your project.
Before jumping into your home remodel, familiarize yourself with the remodeling process and what goes into it.
On average, home remodeling projects take 3 -12 months to complete, but this all depends on the overall size and complexity of the project, as well as who you hire to do the work and the amount of work you choose to do yourself. Very Important to have the right plan for you project and idea.
however, before the first hammer is swung, there is planning to be done, contractors to hire, permits to be pulled, etc.—all of which takes time.
Have a maximum amount you are willing to spend in mind and make a point not to go over your budget.
The various costs that factor into a house remodel can be much different than you think, so start a running list of all your must-have and really-want-to-have items in a spreadsheet.
Then, do some quick research to determine average costs for those items, and tally it all up to get a better idea of what it would cost.
The most difficult aspect of budgeting is estimating the cost of labor.
However, it’s generally a safe bet to plan for labor accounting for 25 - 40% of your total budget.
Your budget should also include a 10 - 20% contingency depending on the size and complexity of your project.
This may seem like a lot, especially when you’re trying to make every dollar count, but keep in mind that this is a safety net, and you may be left with extra money if it goes unused.
A vast majority of issues arise during the demolition and framing/drywall process.
This is when common problems, like leaking pipes, mold, defective wiring, damaged foundations, and termite damage are typically discovered.
Once you get through this stage of the process (Steps 1 - 4), you can spend the rest of your contingency on whatever you want!
You can splurge on that freestanding tub or those fancy light fixtures you had your eye on.
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