Price will also vary if you do the work yourself, versus hiring contractors. Many think that tackling the work themselves will mean the need for a lesser budget but if you don’t know what you are doing, hiring help will end up saving you lots of time and money.
If you really want to tackle a renovation but don’t have the necessary budget on hand, consider doing it in stages. It’s cheaper if you do the entire project at once but not everyone can afford to do this. Have your contractor of choice price out the job in sections so that it can be done as the money comes in. Just make sure you can afford to go to the point where the room being renovated is livable. The last thing you want to do is lose the functionality of a room because you could only afford the demolition.
There are other ways to fund renovations, like home equity lines of credit or borrowing from lenders. It’s not unreasonable to do because in the end, most renovations will increase the value of your home. Just be cautious and speak with your financial advisor to ensure this method will not end up making you house poor.
If you’re paying contractors to do the work, they should give you a good estimate of the time it will take. A good contractor will have a detailed schedule and allot time for the unforeseen.
Consider what time of the year you want to tackle a renovation as well. If your kitchen is out of commission for a bit, consider doing it in the warmer months, when you can cook and eat outside. If you don’t have AC, consider low humidity times of the year for projects that will require paint, grout or glue to dry.
Please note, there are times of the year when designers, engineers and contractors are busier. If you have a specific start date and company in mind, make sure you book well in advance because securing both last minute can be an issue.
Choosing a contractor that will treat your home and time with respect will also help minimize the stress. They should be keeping your home as tidy as possible by sealing off the work areas, laying protective cloths and cleaning the renovation space on a daily basis. They should also respect the schedule they gave you in their detailed quote. If these basic criteria aren’t being met, have a chat with your contractors. They should be able to walk you through the entire process. If they are evasive or won’t answer your questions, you might want to re-evaluate your choice.