Renovating a residential garage can be an exciting project, but it can also be an expensive one if you don’t plan your budget properly.
Here are some steps to follow to plan your garage renovation on a budget:
- Establish a budget | Before starting any renovation, it is imperative to determine how much money you can afford to spend. Set a realistic budget based on your personal finances. Consider the cost of materials, labor, contingencies and permits from your municipality.
- Evaluate the costs | Evaluate the costs of the items you want to change or improve in your garage as accurately as possible to get a total estimate.
- Prioritize the work | Once you’ve established your budget, determine the most important work and the order in which it will be done.
- Hire professionals | Get bids from licensed trade contractors for all your work. Make sure these bids are detailed and include all costs, but most importantly, hire qualified professionals. They can help you fine-tune your renovation plan, estimate costs, and provide valuable advice on how to maximize your budget.
- Do some of the work yourself | If you are the least bit handy, opt to do some of the work yourself. You will be able to save a lot of money.
- Only buy top-quality materials | If you buy only top-quality materials, you can save money in the long run by avoiding unnecessary repair and replacement costs.
- Investigate financing options | If your budget is limited and the condition of your garage requires more work than you anticipated, investigate financing options available through your financial institution.
- Stick to your budget | It is imperative that you stick to the budget you have set. Avoid adding non-essential items or work that could blow your initial budget. Do all the necessary research and compare prices to identify the best options for your project.
By following these steps, you will be able to plan your residential garage renovation within your budget. Remember, planning is the key to a successful renovation within your budget.