Home Renovation. Thursday , September 13th , 2018 - 07:58:06 AM
More specifically, home owners can expect bathroom and kitchen renovations to start at around $400 per square foot; however, renovations in other rooms can be much cheaper and home owners can estimate renovation costs at around $200 per square foot. Since many factors affect the cost of a renovation, it is impossible to provide hard figures. Still, if you work closely with a contractor and use these estimates as a starting point, you'll have a clearer picture of your overall budget.
If there is an effect you are observing you will have to think about all the possible causes and rate them accordingly. For example, a stain on the ceiling could be due a leaky roof, but it could also be due to a leaky pipe. Be sensible though (you have to stop somewhere) - it could also be spilled tea from a squirrel tea party, but it is quite unlikely. If it turns out that there is a significant issue, don't panic. Work on a plan and a time-frame to get it done. Talk to the contractor you choose to find out if the situation is extremely urgent or can be sat on for a couple of months or even a year or so. Understand that the money you are spending is buying you peace of mind and saving you long-term financial heartache, and know that there's always time to have your gâteau once you're certain you're breathing properly.
Self-Financing - This option makes sense for smaller projects. It is also a feasible option for do-it-yourselfers on a pay-as-you-go (or pay-as-you-build) plan. Credit Cards - Charging large expenses to a credit card is an option, but not necessarily a good one. With their higher interest rates, credit cards have limited value in home renovation projects, and can be damaging to your financial health if there are unexpected cost overruns. (A do-it-yourself installation of a tub surround in your bathroom can turn expensive if your plumbing skills are not as honed as you would have liked them to be and you notice water dripping through your living room ceiling!)
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