Remodeling Your Condo, Examining Your BudgetPosted by Veronica Hicks on Monday, January 17th, 2011 at 3:29pm.
When remodeling your condo, examining your budget is a key element, going hand-in-hand with the physical aspects of the job. Remodeling and basic improvements can add value to your real estate and approaching the work with fiscal responsibility will help maximize your profit. When making changes to your condo it is easy to get carried away, adding features and altering products as you go along. Depending on the scope of your project, hiring a contractor that will design the project and a budget could be the wisest step to make keeping someone financially in charge of the work at hand.
A kitchen remodel can run from $17,000 to over $50,000. The difference in budget can be related to fixtures, the scope of work, finishes chosen, appliances, and more. There is high-end and low-end and everywhere in between. To do a high-end remodel at a low-end price takes a lot of homework and shopping around to find appliances and finishes at discount prices.
After determining your plans and finances what can affect your remodeling budget?
§ Where you buy your supplies
§ Who you hire to do the work
§ Changes to work orders
Cutting corners to save money should be examined at the onset of a project. Maybe you will decide that you want a Sub Zero refrigerator more than granite counter tops. Where you add in one area, you can subtract in another. Just remember that your end result will affect the overall value and appeal of your condo.
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