Get expert decorating ideas, watch H&H TV, see inside celebrity homes, find how-to tips, DIY projects, small spaces and kitchen makeovers. There are always extra costs. That’s because home renovation planning takes a little bit of guess work. How do you know if you have lead pipes or that your oven in a potential fire hazard? To avoid blowing your household budget, due to unexpected reno costs, add a contingency fund. Most contractors suggest adding 10% but larger projects may need a 20% contingency fund. Talk to your contractor for a better understanding of what this extra money could potentially cover.
There are two golden rules that you should remember when planning improvements. The first is not to spend more than you have to. Never improve a house to the point where its desired sale price would be more than, say, 20% higher than the most expensive of the other … Read more