How To Set Your Renovation Budget

renovation budget in miami

Kitchen and Decor Center

January 14, 2019

Going through a renovation can be an exciting and creative process. You get the chance to transform your home into something you have always dreamed. You get to design everything from scratch. However, with that comes something that can hinder all your brilliant ideas. How much is it going to cost? With renovations, comes money. In some cases, this finances can get a little overwhelming. This why you need a renovation budget. The experts at Kitchen and Decor Center is here to ensure that you have all the advice you need in order to get the perfect renovation, Miami. We are also proud to feature the best bathroom vanities near me.


According to My Calculations

Guessing a random number won’t always be the best approach when choosing a figure on how much the overall renovation will cost. There are many things you must consider. You must set your priorities. You must also do some research. How much is your spending limit? Did you get any quotes?


You’ve seen the shows Property Brothers and Fixer Upper. You know things don’t always go to plan during home renovations. Often times the biggest roadblock homeowners face is the fact their budget gets stretched too thin. This hinders the renovation and makes it harder to accomplish the entire idea.


During a home renovation, deciding what you want is the easy part. The hard part is figuring out if you can afford it. Luckily we have a four-step program that can help you figure out how much exactly you need to budget.


The Four-Step Renovation Budget Plan

  • Ballpark the costs.
    • Think about how much your dream home will cost. This includes everything, even the not so realistic bits. When it comes to the more significant upgrades, run $100 to $200 per square foot. Discuss with our experienced contractors your project to get a good idea of the rough costs.


  • Figure out how much you have to spend.
    • You zeroed in on a project. Now it is time to factor in whether you have all the funds necessary to make it happen. If you are paying cash, the answer is simple. If you are borrowing, you need to see how much the banks will lend you and what loans you can get. How much will the loan add to your monthly expenses?
    • Basic types of loan options:
      • Cash-out refinance
      • Home equity loan
      • An equity line of credit (HELOC)


  • Get quotes from contractors.
    • What exactly do you want to incorporate into this renovation? Every single detail counts. Are you going to add the best bathroom vanities near me? By specifying the details up front, you ensure that prospective contractors are all pricing the same items. Think of all the option you have when it comes to contractors. Who do your friends recommend?
    • In order to find the perfect contractor
      • See their recent work
      • Check references
      • Look at online sites and see the peer reviews
    • When it comes to finding the perfect contractor, your search is already over. You have found them. Introducing Kitchen and Decor Center.


  • Set priorities and trip the project to fit within your budget.
    • Are your dreams and budget not getting along? The fix is simple. Carefully scale down your dream. We know this sounds preposterous, however, chances are you’ll end up satisfied and solvent. Enlist your contractor for suggestions on cutting costs that way, they will be an ally in helping you stick to your budget.


Call Us Today

Trust our expert kitchen remodelers. We know all about maintaining within a renovation budget. Kitchen and Decor Center is a family owned and operated a company that truly understands the importance of the “Family First” philosophy, and it has been the key to our growing success. It is this philosophy that allows for seamless cooperation at all levels of our growing organization, from management to staff and all the way up to our customers. And although you may only work with one or two individuals, rest assured that our entire team is behind you. We believe that the family continues to grow with every new customer. Call us today for more information. We take pride in being the best service for home remodeling Miami. We honestly do offer the best bathroom vanities near me.

Kitchen and Decor Center
Call us or get in touch with us and let’s start working on your new project.
(305) 928-5016
Call Now Button