![]() ![]() ![]() Turns out, several popular home renovations ended up being great investments for homeowners in 2022. Think of your renovation project like an investment-you’re trying to get more money out than you put in. Or if you have a clear vision for how to update a particular space, go for that one first.īut if things are otherwise even, start with projects that will add value to your home. Which projects should you prioritize? Well, if a room in your home is out of whack-as in it’s not functioning the way it should-that should obviously be priority number one. So, it’s time to choose which projects are most important to you. Chances are, you can’t afford to refinish your living room floor, replace your kitchen appliances, redo the tile in your bathroom and give your master bedroom a new paint job. The first step to making a home renovation budget is choosing which projects you want to tackle. How to Make a Home Renovation Budget Step 1: Pick Your Projects Here’s how you can do just that in four easy steps. That means before you bust out the power tools, you need to create a home renovation budget so your financial goals stay intact. To make sure you don’t wind up going down that path, you’ve got to have a plan. And before they know it, that $2,000 renovation project they had in mind spikes up to $20,000- yikes! ![]() While they’re at it, they figure they might as well add a gorgeous kitchen island. But then-the new floor clashes with the cabinets, so they decide to update those too. Why? Because it can be really easy for the cost of renovating your house to get out of control.Īll the time, folks plan something small, like installing a new kitchen floor. That’s exciting! But you need to be careful. So, you’re getting set for a home renovation project. ![]()
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