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HOME RENOVATION AND IN-FILL BUDGETING

HOME RENOVATION AND IN-FILL BUDGETING – 3 TIPS TO STAYING ON TRACK

Home renovation and in-fill budgeting require careful planning. Every home project is a significant investment and the returns are two-fold:

  • Creating a home that is attractive, functional, and enjoyable
  • Increasing the resale value of your property

The first step is to review finances and create a budget that meets all priorities and requirements.

HOME RENOVATION AND IN-FILL BUDGETING

Experienced Edmonton home renovation and home construction contractors will help you create a budget that fits your needs and expectations. But more than that, once planning and construction are underway, an experienced and professional project manager will ensure you are informed every step of the way and help you stay on budget.

Here are some tips to keep in mind:

#1 Work with an experienced general contractor to create a detailed plan together

Experienced and professional general contractors will be able to work with you to find a balance between vision and costs. Having a well-thought-out plan will help you to identify expenses, allocate your investment, and track them throughout the build process.

Without a sound plan, you can expect more change-orders, over-spending on materials, and paying more for mistakes along the way. It is essential to have strong design and budget planning at the beginning to keep your spending in-check.

#2 Experienced general contractors will help keep the project on track

Home renovation and in-fill budgeting articulate the cost details to ensure you get what you want within your budget. Therefore, don’t put your investment at risk by choosing a general contractor that doesn’t have a proven track record. An intuitive, detailed understanding of building materials, budget, and design plans, will result in the home you imagined and budgeted for. Clear and consistent communication of expectations and progress will ensure you are aware of the options and costs for everything from tile, flooring, countertops, design, and finishing.

An experienced and reputable contractor will be able to listen carefully to what you like and want, and provide sound advice. This will ensure quality, value, wants, and needs, are all considered and explained. In other words, you will mitigate extra costs and time by reducing mid-project changes, and the extra labour and materials it would cost from poor planning or poor information.  Fewer changes mean you will stay closer to your budget.

#3 Always explore all cost-effective options

Experienced renovation and home builders can show you some cost-effective alternatives that can still give you a modern, refreshed home… even on a tight budget. For example, real hardwood flooring can be very expensive but modern vinyl plank flooring has a significantly reduced price. It mimics the look of hardwood and is far more durable and affordable to maintain at a lower cost than hardwood.

Or, if you like the layout of your kitchen, you can avoid the expensive option of all new custom-cabinetry, and instead choose to reface your cabinets. There are many options available, and an experienced general contractor will be there to help you achieve the best results for your budget.

Four Elements Construction prides itself on the 4E process. It is designed to ensure clarity, availability of options, and frequent communication. This way you stay informed from the very start of the project all the way through to completion. 

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    • Type : Modern