A home renovation project is an exciting undertaking; there are many possibilities for your Nashville home! You can upgrade your aesthetics, improve your energy efficiency, and increase your comfort when renovating your house. However, another thing to be aware of is that a home renovation can be very costly. You’ll want to set a reasonable budget and take precautions to ensure you stick to it!

Formulate an accurate estimation of your project’s cost at the very beginning. You should then add a 10%-20% buffer for those unexpected situations that often result in cost overages. You can use a home improvement project estimator like this one to see the median costs for projects in the American Housing Survey. 

What Are Some Helpful Budget Tips For Me To Use During My Home Renovation?

Here are just a few tips that can help you stick with your renovation budget:

  • Make sure your home renovation design is precisely what you want. You’ll be living with the results for a long time, so make sure you are completely happy with your plan; don’t sign off on it until you are sure.
  • You need to know that it’s costly to change your mind in the middle of your renovation project. General contractors often cite this as one of the biggest reasons renovations cost more than they need to.
  • Choose your new appliances ahead of time, and select your new furniture at the end. This tip will help you avoid nasty space issues, such as a refrigerator that is too tall or a couch that is too long.
  • Choose a contractor that has an excellent reputation and an impressive portfolio. The cheapest option is not always the best; remember the adage “you get what you pay for”!

How Can My General Contractor Help Me Stay Within My Renovation Budget?

  • Your contractor will advise you on scheduling a home inspection to determine if you have any structural damage that needs repair ahead of the renovation project itself or if that damage will change your plans. Your general contractor will tell you that unforeseen structural damage is one of the leading reasons a renovation will fall behind schedule.
  • Your contractors will get permits on your behalf but will charge you for obtaining those permits, so you may want to consider doing it yourself so that you aren’t paying your contractor to wait in line. 
  • It is not uncommon for a renovation project to be delayed because materials arrived damaged or the wrong items were sent. You can avoid this all-too-common issue by shopping locally whenever possible. You’ll save on shipping costs, too.

Ascension General Contractors has proudly served the Nashville community in repairs and renovations to area homes and businesses for over a decade! You can read testimonials from our satisfied customers here. We are full-service repair specialists, too, so don’t hesitate to contact us for help with damage recovery. 

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