Are you busy planning your next renovation, but finding yourself feeling a little concerned that you might end up going over budget? Budgeting for a home renovation can often feel stressful without the right tools and knowledge up your sleeves, but, with a little research and some help from Peak Improvement’s new budget calculator, getting a rough idea is easier than you think! Below we’ll highlight some of the key tips to keep in mind when making your budget, as well as our new budget calculator. Read on to learn more!
Getting Started
Whether you’re taking out a loan or are using your existing savings to fund your upcoming renovation, it’s important to have a final number in mind before you go too deep into the planning process. Knowing what you have to work with will help guide the selection process on every level, right from the very beginning. Typically, we recommend having three different numbers in mind:
- Your ideal spend
- Your flex spend (to accommodate unexpected necessities or bonus features)
- Your hard line. This is your absolute maximum that you cannot exceed.
Having these numbers in mind will help you feel more prepared and decisive, allowing the planning process to go ahead much faster and with fewer headaches for all involved.
Prioritize
Many homeowners tend to want to tackle as much of their home as they can with a single renovation in order to get the “most bang for their buck”. While this is often possible, it’s important to focus on factors that need to be fixed before moving onto more style-oriented changes. Any existing issues or structural problems should be the top priority, and once everything is in working order, you can look ahead to more aesthetic options.
Build A Detailed Plan
Before sitting down with a contractor or an in-house design team, it’s important to take a moment to decide what you want, right down to the very last detail. While aspects may change once you bring in the experts, having a clear vision will make it much easier for the professionals to bring your dream home into a reality. If you need help visualizing, that’s okay too! At Peak Improvements, we feature a dedicated team of design experts that are happy to walk you through every aspect!
Plan With Confidence
At Peak Improvements, we believe that dollars and cents should simply…make sense. With our newly developed budget calculator, getting a rough estimate of what to expect is easier than ever. Simply answer a few questions and our calculator will give you a ballpark estimate of what you’ll need to set aside. It really is as easy as that!
Build Your Dream Home Today
As one of Edmonton’s top renovations teams, Peak Improvements is proud to help homeowners create their dream space, one renovation at a time. Peak’s attention to detail, dedication to quality craftsmanship, as well as our proven six-stage process ensures each project is completed on time, as well as on budget (ask us about our guaranteed price, no surprise contract). Contact us today to learn more!
