How does Excel Builders define a budget?
So, I would like to touch on the topic of remodeling budgets. Along with budgets, I would like to expand on the “do’s” and “don’ts” when planning for your remodel. I would also like to address a couple of my personal learning experiences.
Why do I think it is wrong?
The simple fact is that your remodeling project is going to cost money. How much money? Well that depends on the extent of work. Now, stop and take a deep breath. This amount is not what you are expecting, or planning your remodel is going to cost. The amount you are willing to invest is just that, what are you willing to invest in your remodel.
For example, if you are planning a project, this could be a kitchen remodel, bathroom remodel, or anything in between. At this point, you are just starting the planning, and maybe you have never completed a remodel before, and so far, you have done some basic research online.
However, before you pick up the phone and start making phone calls, take a step back and ask yourself a couple of questions:
We have talked about scope of work and its effect on your budget. The scope of work is the amount of work that will be completed to accomplish your goals for your remodel. Defining the scope of work for your remodel is essentially creating a list of all, and I mean all of the tasks that will need to be completed.