Are you in the early stages of considering a home renovation and feeling the crunch as you figure out how to budget for the space of your dreams? We all know that one of the most challenging aspects of planning a project is setting a budget, but with a little help, finding out how to marry your perfect spend and ideal results can be easy. Peak Improvement’s new budget calculator is designed to help remove some of the guesswork and help you feel more confident as you move forward with your renovation. If you’re ready to make a change our budget calculator, as well as our full team of experts, are here to help. Learn more about the basics of planning a home renovation below.

Where to Start

Before jumping into the actual renovation process, there are a few details you need to iron out. At the end of the day, your budget will heavily influence a wide variety of factors, and therefore your first course of action is to have an honest look at your finances and what you’re comfortably able to allocate to your project.

Whether you plan on securing a loan or pulling directly from your savings, it’s important to have a solid idea of how much you are able to spend, including both your ideal budget and your absolute bottom line. Knowing an exact amount makes it far easier for everyone, including your designers to plan throughout the project, and will play a role in helping you select finishing materials among many other aspects. Using tools like the budget calculator, as well as sitting down with an experienced contractor will make it easier to arrive at a more educated number, and once you feel comfortable with what your completed vision should look like, you can move on to reach a more concrete final number for your renovation.

Did you know: staying on budget is easy with Peak Improvements’ guaranteed cost + no surprise contract. When you sign on the dotted line, you can count on us to stay with the numbers we’ve committed to, meaning no nasty shocks or going over your agreed-upon spend!

Narrow Things Down

If you’re jumping into your first-ever renovation, allow us to give you some direct advice: narrow down your main objective. While your project doesn’t need to be limited to a single area, trying to tackle too much at once is a sure way to go over budget and cause headaches. We strongly recommend addressing any major issues before focusing on more aesthetic changes and including any problems with structural or mechanical elements first.

Have A Plan

While your contractor can (and should) help you through the bulk of the design and execution process, the best way to get exactly what you want is to do your homework ahead of time and come in with a strong vision in mind. Even though some elements may need to change to best accommodate the existing layout of your home, or to stay within your budget, the clearer your idea is ahead of time, the easier it will be for your team to bring things into reality.

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. Contact us today to learn more!

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