How to: Manage renovation costs

Setting a budget is the most important part of renovating. Typically, a renovation process can possibly take longer and may be more expensive than calculated. The bigger the project, the greater the chance that it may go over budget. Many home renovations turn out a big disappointment because of lack of accurate estimations in the beginning. So experts might advise you to keep your renovation between 20 to 30 percent of your home’s market value to guarantee a return on your investment. Here’s my guide to navigating the terrain and ensuring yourself a smooth ride.

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