How do I Set a Budget for my Renovation?
This is one of the most difficult areas of planning a renovation. It can be overwhelming when trying to account for all the items that make up a renovation. No need to worry however as this is one of the first items we help you with.
There is some homework you can do to prepare for this discussion:
- Determine a comfortable investment range, this is different for everyone, and it’s important that you tailor this to your situation.
- Know the general value of your home and the homes of your neighbourhood.
- Ask yourself if you are planning on staying in your home for many years to come or will you be moving in a few years.
- Develop a list with two columns: Needs & Desires
It’s difficult for you to know what your renovation will cost. That is our job to find out for you. However, armed with the above information, we can offer you a much clearer picture of what is possible and how to obtain the best return on your investment.
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