Keeping a renovation on budget is a top priority for a lot of homeowners, but many find it much easier said than done. Renovations are variable by nature, so if you don’t stay on top of your costs and fees, they can easily add up — and leave you with a final bill you’re unprepared to handle.
Be realistic from the start
Too often, when people try to save money during a renovation, they make the mistake of setting their budget too low. They try to cut corners by saying they’ll do work themselves or shop around until they find wholesale materials and create their budget using these anticipated figures. And if they’re unable to stick to these promises, they’ve already set themselves up for sizable overages.