Home Renovation. Friday , September 14th , 2018 - 13:48:14 PM
Once you have agreed upon a plan do not keep changing things. Nothing makes a contractor bitter more than an indecisive customer. They to have a time frame to stay within so that they can continue work with other clients. Every change adds time and money to the budget so stick to the original plan of attack. It will ease the schedule and budget if you stick to the initial renovation plan.
Whether you are pursuing small, inexpensive renovation projects or you have considerable savings behind you, you may want to consider funding your project from your personal resources. However, you should still speak to a financial advisor to ensure you have appropriate funding, especially if you are inexperienced with home renovation projects.
Still, you probably want some advance advice about how to budget for your renovation. It is important to consider two main factors that will affect the price tag on your project - soft costs and hard costs. Soft costs include design and budget development, permit fees, and professional fees (i.e. the cost for architecture and interior design). Hard costs are related to the construction phase of your project and will include the cost of labour and materials. In the typical renovation, soft costs account for about 30% of your budget, while hard costs make up the remaining 70%.
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