Understanding the cost of your remodeling project is crucial to planning effectively and making informed decisions. Here’s how to approach your remodel budget:
Estimate Your Budget as a Percentage of Home Value:
For a major remodel, consider investing around 15-20% of your home’s total market value and 10-15% for a minor remodel. This approach helps ensure that your investment is aligned with the overall value of your property, making your budget both realistic and financially sound.
Include a Contingency Cushion:
Remodeling projects often encounter unexpected expenses. Set aside an additional 15-20% of your budget to cover these surprises. This extra cushion allows you to manage unforeseen costs without derailing your project.
Set Realistic Expectations:
While a well-executed remodel can increase your home’s value, it’s important to understand that the true return on investment may not be realized until you decide to sell. Focus on improving your home’s functionality and aesthetics, as these are features that appeal to future buyers.
Need a Detailed Estimate?
To get a clearer picture of how much your remodel will cost, try our easy-to-use renovation cost tool. Simply enter your project details, and our calculator will give you an approximate quote. For a more precise estimate, please fill out the form to schedule a consultation with our experts.
Please note that the pricing provided is an average cost and should be considered a rough site-unseen estimate. To schedule an appointment for an in-home consultation, please click on the “Book Now” button to proceed with the online booking. For any further inquiries, kindly contact us at 866-936-8160. It’s worth mentioning that the In-Home Consultation fee begins at $89.95, which will be deducted from the project cost if you decide to hire our services.
Please note that the pricing provided is an average cost and should be considered as a rough site unseen estimate. To schedule an appointment for an in-home consultation, please click on the “Book Now” button to proceed with the online booking. For any further inquiries, kindly contact us at 866-936-8160. It’s worth mentioning that the In-Home Consultation fee is $89.95, which will be deducted from the project cost if you decide to hire our services.
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Pencils Remodeling & Handyman has proven results for setting exceptional standards in cost control, planning and scheduling, and project safety. Our experience gives us a competitive advantage over others in our field.
