Before going in for home renovation, you need to make a budget for the project and plan out the work meticulously. However, it has been observed that more often than not, projected costs just go haywire and you have to arrange for more finance than what you had planned for initially. It’s interesting to study the various causes of the budget going astray and the solutions for the same.
Proper Planning Can Avoid Runaway Costs
A simple example will illustrate the point. A part of your home renovation project might be the replacement of a window. You would naturally have found out the cost of a window and included it in your budget along with the labor cost for replacing it. However, when the actual work takes place, you might find that in order to fix the standard size window that you have bought, you’ll need to make a large number of alterations to the exterior siding since the earlier window was of a non-standard size.
Moreover, you would need to replace and paint the exterior and interior trims. The cascading effect of this would go further as the newly painted trim would not match the balance trim in the room. So you would need to paint them as well. You can well imagine how the cost will escalate with all this extra work. So, what started with merely replacing a window could go on to become a renovation job that makes expenses touch the roof.
The solution to this problem would probably have been to anticipate the extra charge and go in for a custom made window that would have eliminated the need for changing the opening or painting the trims. There is no doubt that the non-standard size window would have cost more but that could have been incorporated in the budget of home renovation.
Another solution to such wayward cost trends is to estimate the impact of …