6 Budgeting Tips to Spend on Home Improvement Wisely

Budgeting for any home improvement project requires careful consideration and diligence. Home improvement projects can be costly, so you need to be particular with your finances to avoid wasting your hard-earned money and experiencing unnecessary stress.

Whether you want to buy new gutters or remodel your kitchen, V. Nanfito Roofing and Siding recommends following these tips:

Be Clear About Your Price Range

First of all, determine how much money you’re willing to spend. Unless you have a bottomless budget, the “greenness” of your bank account helps determine which projects to prioritize. Without excessive discretionary funds, you ought to concentrate on repairs first and save less urgent improvements for later.

Don’t Focus Too Much on Materials

Whether it’s a vinyl siding replacement project or a bathroom makeover, the materials normally account for 50 to 70% of the total cost. However, you also have to factor labor and permit-related expenses into the budget.

Get an Itemized Estimate

Don’t leave a single item undecided during planning. This will help eliminate allowances (line items that are yet to be determined) in the bid. By minimizing the guesswork, you can ensure the estimate you’re receiving is accurate.

Think About Contingencies

Any experienced window, roofing, decking or siding contractor would tell you to prepare for the unexpected. A good home improvement budget can absorb an additional 20% in extra, unexpected work. This helps prevent stress and delays during the project.

Have All Costs in Writing

At the end of the day, the written agreement carries weight, not the verbal one. To lock in the favorable estimate you receive, make sure all the agreed upon costs are included in the contract.

Keep Changes to a Minimum

Avoid change orders as much as possible. They can skew your project’s timeline and budget. They may be inevitable at times, especially when some unforeseen structural challenges must be addressed, but changing your mind about products once the project is underway can lead to delays and higher costs.

V. Nanfito Roofing and Siding can help you keep your home improvement project in budget. Call us at (203) 639-1634 now to schedule your free consultation and estimate, and let’s talk about your needs.

Vincent Nanfito