When it comes to renovating houses, many people usually tend to shy away from it and for good reason. One of the main reason why homeowners tend to shy away from renovating is usually money. Many homeowners believe that renovating is very expensive and thus they don’t want even to think about the word renovating. However, not all renovating projects are expensive, you just have to make the right moves and choices and in this article, I will be sharing with you how you can be able to renovate your home on a shoestring budget.
Planning is essential when it comes to renovating as this will help you easily monitor your finances and as we all know finance plays a major part in renovation projects.
“Prioritizing where to spend your home improvement dollars is smart, but before you begin, you should make sure that you have a clear plan in place and access to the funds that you need to get the job done,” said CIBC’s Mortgages and Lending vice president Barry Gollom.
Regardless of the renovation project that you are taking up, you can be able to calculate certain expenses upfront. That said, there are also certain costs that you cannot account for before the project and therefore it is important to make sure that this costs do not exceed the limit. According to reports, it is estimated that Canadians will spend at least $17,000 on renovations this year.
That said you should always see to it that you plan adequately before embarking on any renovation project as its very important the vice president of Operations at the Credit counselling Society, Gary Tymoschuk agreed with.
“Renovations almost always cost more than what you thought they were going to cost,” he said.