How to Plan Your Home Remodeling Budget

August 20, 2019 2:10 pm Published by Leave your thoughts

Planning your dream home remodel in Birmingham, AL can be an exciting but nerve-racking time. How much will all these changes and remodeling projects cost? It seems like it’s easy for costs to creep up higher than expected for any project, but this is especially in remodeling if you’re new to this type of work and have trouble estimating accurately before you begin. If you need assistance with putting together your remodeling budget in Birmingham, AL, follow these steps to create a foolproof plan.

Determine your priorities

Before signing any contracts or purchasing any materials, first determine what your biggest priorities are and make sure you have money to cover those costs. Create a list of everything you need to have, and the rest of the things you’d like to have. Plan items you want to splurge on ahead of time, and have an idea of what desires you’ll compromise on in your home remodel in Birmingham, AL.

This is also the point where you’ll want to ballpark your costs. You might want to hire a professional remodeling contractor who can assist you in providing a rough estimate of what your project is likely to cost. In general, the average cost of fully renovating a home that is less than 1,000 square feet is $18,347. For homes that are between 3,000 and 4,000 square feet, expect to pay about $36,121 for a whole home remodel. For any remodeling budget in Birmingham, AL, budget about $100 to $200 per square foot. Consider the value of your home, and don’t spend more than 10 percent to 15 percent of this number on any single room’s remodel.

Make a plan

Once you have an idea of what the major pieces of your home remodel in Birmingham, AL will cost and what your priorities are, you’ll want to make a detailed plan that includes all expected costs. Try to be as detailed and specific as possible, including the types of materials, labor costs, timetable of renovations and final décor touches. Don’t forget all the finishing touches that might spike the costs up just when you think you’re almost through.

During this process, you’ll want to get multiple quotes from remodeling contractors. Discuss your priorities and budget with the contractors when you meet with them, and follow up by checking their references and reviews. Make sure they understand what your priorities are before you commit to working with them, and that they think your budget is realistic for what you want to do.

Metro Contractors Inc. is a family owned and operated business in Birmingham, AL that can carry out your home remodel to your specifications. We are known for our dedication to customer satisfaction and affordable service rates. We want to help you make the process of creating your dream home exciting instead of stressful. We can perform kitchen remodeling, bathroom remodeling, masonry installation, home painting and more. We can also build, wire and outfit new home additions if you’re looking to expand your current space. Give us a call today to get an estimate on your project!

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