Budget Template for Home Renovation
Plan Your Budget for Home Renovation
Are you planning to build your dream home? The perfect home for better living that includes the entire feature you ever dreamed of. If buying a new place to live is beyond the reach, you can always renovate your current house.
Before getting started, you need to plan your budget for home renovation.
Homeowners are sometimes caught up in the excitement of choosing the perfect finishing and fixtures or maybe stuck in mistake in the project that may lead to increase in cost. Therefore planning your budget is very crucial before getting started. One of the problems is that people haven’t budgeted enough. When it comes to the budget for home decoration, the cost incurred will always be more than it was thought and will consume more time than it was planned before.
Sample of Budget for Home Renovation :
Trying to figure out how much you must spend on home renovation can be tricky, however there is a rule of thumb when you plan your budget for home renovation is that you allocate 5 to15 percent of your home value to the kitchen renovation. Meanwhile, bathroom renovation should be allocated with 3 to 7 percent of your home value.
By sticking to this basic rule, you can keep in track of your budget for home renovation without experiencing over budget and further budgeting problems.
Budget Template for Home Renovation | Excel – download