12 Home Renovation Budget Tips

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Do Some Work Yourself

Help out if you can. Offer to paint to cut down on costs or even tile the new kitchen backsplash, if you have the know-how. Chris Dossman, a real estate agent in Indianapolis, said by removing and discarding your old carpeting yourself, you can cut labor costs on the installer’s bill, and every little bit of savings can help.

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Prepare for Hidden Costs

There is a good chance there are issues hidden beneath the surface that may raise the cost of your home renovation. Zillow notes unforeseen problems, such as old wiring or plumbing that needs to be updated, can cause renovation projects to end up costing more than expected. Factor 10 to 20 percent of your total budget for unforeseen expenses. Learn how to protect your home during a renovation.

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Be an Over-Communicator

You’re likely paying a lot of money for your home renovation, so don’t be afraid to over-communicate with your contractor. Discuss your budget constraints up front, your must-haves and things that can be dropped if the budget doesn’t allow for them. Over-communicating will keep everyone on the same page.