Clipboard with home renovation estimate

How to Determine Your Budget for a Remodel

Knowing what you want is the easy part when it comes to home upgrades. The more difficult question is determining how much you can spend.

When it comes to home remodeling expenditures, creating a realistic budget needs a well-thought-out strategy.

How Much Does It Cost to Remodel a House?

Ultimately, that depends on how much of the house you’re remodeling, the cost of materials, and how high-end you want to go. Renovations to an older property may be more expensive than those to a modern one, particularly if the wiring, plumbing, and other systems aren’t up to code.

According to HomeAdvisor, home renovations and remodels average $47,830, with most projects falling between $17,916 and $77,953. Typically, you can expect to spend at least $10 to $60 per square foot on any renovation. But don’t let those averages freak you out, Southern Home Remodeling can give you an estimate on your remodeling project that may better suit your budget.

Creating a Home Renovation Budget

Prioritize Remodeling Needs

Knowing exactly what you want is the simplest approach to remaining on budget throughout a makeover. Make a list of everything you want the project to include, then divide it into wants and needs. You may also consider what you are willing to compromise on and what you are willing to splurge on.

Create a Remodeling Plan With Cost Estimates

Once you’ve decided what you’re wanting to remodel, call Southern Home Remodeling. We can get you an itemized estimate of what your vision could cost. We can even make suggestions on where you could save and where you should splurge.

Determine How You’ll Pay for the Renovation

You have to figure out how you will pay for your renovation. If you’re paying cash, taking out a loan, or asking for credit, your remodeling budget must fall within the constraints of your financial resources. If necessary, you can break up the project into smaller stages to help you maintain your living expenses. 

Get to Remodeling

Once you have determined what you want to do and how much you have to work with, schedule your appointment with Southern Home Remodeling to get the job done right and on time. We’re committed to remodeling and serving you with quality and value. We’ll come to you, listen to your needs and wants, and then come back to you with a logical, feasible plan that works for you.

By Leslie Radford
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