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4 Tips on Budgeting Your Remodeling Costs in your Central Oregon Home

 

Remodeling your home can be stressful. Here’s a few tips to help make sure you are 100% ready to start your project!

Home Inspector

Hiring a home inspector will be worth the extra cost. Hiring one to take close looks at the areas you plan to remodel can help you avoid unpleasant surprises when you go to take things apart. Knowing what difficulties lie ahead can help you plan for them before you start renovating! No one wants to find rotted wood subflooring in the middle of a project.

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Budgeting is Key!

According to the National Kitchen and Bath associates, you can expect spreading your budget amount across these categories.

What are the average kitchen renovation costs?

  • Design fees: 4%
  • Installation: 17%
  • Appliances and ventilation: 14%
  • Cabinetry and hardware: 29%
  • Countertops: 10%
  • Lighting: 5%
  • Flooring: 7%
  • Doors and windows: 4%
  • Walls and ceilings: 5%
  • Faucets and plumbing: 4%
  • Miscellaneous: 1%
  • How much does the average bathroom remodel cost?
    • Design fees: 4%
    • Installation: 20%
    • Fixtures: 15%
    • Cabinetry and hardware: 16%
    • Countertops: 7%
    • Lighting and ventilation: 5%
    • Flooring: 9%
    • Doors and windows: 4%
    • Walls and ceilings: 5%
    • Faucets and plumbing: 14%
    • Miscellaneous: 1%

    Keeping these percentage guidelines in mind when planning for your renovation will help you be smarter with your budget.

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Be Honest About the Total Budget

Having a set budget is the first step when beginning your planning. Do as much research into your finances as possible to make sure you can afford this remodel. The bathroom and kitchen can be spendy rooms to remodel, so make sure you and your spouse are very comfortable with the budget you come up with. Nothing is more stressful than starting a project and worrying you may not have enough to finish it. Find a reasonable amount and stick with it unless you experience major finance changes during your planning.

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Do You Need a Permit?

It’s possible! Things like adding an additional gas line will definitely require a permit. Your contractor is responsible for making sure the permit is in place before he starts but you are responsible for making sure the permit is ordered and accepted. Make sure to find out about the cost of the permit before you get started on figuring out your budget.

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KNOW AND UNDERSTAND THE VALUE OF YOUR HOME BEFORE YOU SELL

Whether you’re staying or selling, knowing the value of your home can be very beneficial. You might be selling your home, refinancing, making improvements, or getting a line of credit, you should always be-in-the-know.

If you’ve been thinking of doing any of those things with your home, we purchased access to an up-to-date Central Oregon home sales estimator tool that tells you what price your home will sell for based on neighborhood sales data.

Get an instant free  report on what price your home would sell for today on my website

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