How To Stretch Your Renovation Budget

Renovating older properties to a more contemporary interior design requires vision, patience and money. You may have found the ideal property to update and bring forward to this century, but there are going to be occasions when you need to make decisions that can challenge your budget. The budget that you have allocated for the renovation will be the main concern you have during the project. You will have done the math for your mortgage, and received quotes from tradespeople to help forecast what you can expect to spend; however, older properties have an ability to give you unexpected costs, especially when floorboards are removed, and when pipes and wires are revealed. Build in a 20 percent cushion for unexpected costs so that you are protected from any surprises that may arise.

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