The Basics…2 of 4: Define what you can spend.
Second, what’s your budget? This is where most projects die. Many people do not realize the cost of renovation and when they find out, say, “Forget it!” Even if you want what you want at whatever it costs (rare) you need to define what you feel comfortable spending. You can spend as much as you can imagine, but most everyone has a limit. Most renovation is a substantial investment and it goes along with some risk. Define what you can spend. What is the optimum amount you prefer to spend and what is your maximum. A budget will help whoever designs your renovation in providing you an appropriate solution or an answer of “Are you crazy?” Whom else you share this budgeting information with varies in opinion depending on who you talk to. Is your budget realistic? Can you get what you want for nothing? Not likely. If you are looking at doing something big, your budget should be the same. Do you have champagne taste on a beer budget? We all like ‘nice’ things, but what we can afford is g...