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How To Budget Your Home Remodeling Project

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One of the biggest factors that are put into play when planning a home remodeling project is money. While sticking to a budget is a challenge for many when remodeling their home, it is necessary to have a detailed plan and research behind what you want to do with your home. Our team at Pro Plus Services are trained professionals and are here to help with information about your remodeling job from start to finish and to save you some money in the process.


How Much Is A Typical Home Remodeling Job?

The answer to this question relies on several things. First, you want to consider the cost of your home. This plays a part in your home renovation because you never want to pay more than 10 to 15 percent of the cost of your home on a single renovated room. For example, if your home is worth $100,000, the maximum that you should put into a single room is $15,000. This also relies on the age of your home, the size, and the room you want to remodel. 


Average Cost to Remodel Per Room

Bathroom – $2,500 – $25,000 

Kitchen – $4,000 – $60,000

Basement – $11,000 – $30,000

Living Room – $2,500 – $15,000

Average Cost Per Square Foot

This is another factor of home remodeling projects that varies a bit. The average cost of remodeling a home that is 1,000 square feet is about $19,000. However, homes around 3,000 to 4,000 square feet start to be closer to approximately $87,500. 

Finalizing Financing Before Deciding Your Budget

Before setting a budget for a home remodeling project, you will need to determine how you are going to be financing it. Whether you are taking out a loan, applying for credit, or paying for it with cash, your project’s budget will need to fall in the lines of the amount you are willing to spend. Once you have decided the amount that you can spend on the project, sometimes it is a safe idea to put aside some of that money as well as your unexpected incidents. This is an essential step in the process of planning your remodel as anything can happen even at the worst times, but you can avoid anything with proper planning.


Scheduling Your Home Remodeling Project With Pro Plus Services

Now that you have a good plan, you are ready to get started. At Pro Plus Services, our team is eagerly waiting to help bring your dream renovation or remodel to life. No matter how big or small, we will help you achieve your goal and exceed your expectations. What are you waiting for? Give us a call today at (888) 374-7469.