It’s a truism that renovations are always delayed and over budget. In fact, homeowners may be more anxious about the budgeting aspect of a renovation than they are about living through the construction itself. Despite the inherent unpredictability of any type of construction, it’s possible to learn how to set a home renovation budget that will protect your savings account.
Practice Frugality
While there’s nothing wrong with splurging on a few items during your renovation, it’s unwise to choose the very best you can afford in every category. Stretching a budget too thin by packing in too many splurges is, in fact, the most common reason that remodeling efforts are shelved before they’re completed.
Include 20% for Overages
It’s important to
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