Preparing for a home construction project is a big task. There is a lot of planning from both a financial and technical standpoint. It is important to have the right team on your side to help you plan accordingly and execute everything within budget.
Before you get started trying to plan your budget, it’s important to ask yourself these questions:
- What do you want this project to accomplish?
- What details are needed to make it happen?
- What are you willing to compromise on?
- What are you willing to splurge on?
With those questions in mind, these are some important budgeting considerations we tell all our clients:
- Expect to spend at least $100 to $200 per square foot on any renovation.
- It’s easier, and potentially more affordable, to prioritize projects by room and build a budget around the cost of each individual project.
- Before you set your budget, decide how you will finance the project (cash, credit, loan, etc.)
To get an estimated idea of what your remodeling budget should be, consider the value of your home as a whole. You don’t want to spend more than 10 to 15% of your home’s value on a single room.Additionally, we always tell clients to set aside 10 to 20% of your available funds for unexpected expenses. While we try to plan for all situations, sometimes things come up in a project that is beyond our control. We’ve also found that sometimes homeowners choose to upgrade certain aspects too. We’d rather have extra funds allotted for these instances rather than being stuck and unable to complete the job.
If you’re currently planning a home remodeling project, we’re here to help. With our experience, we can guide you early in the planning process to help make decisions that will stay within your budget while still accomplishing your desired design. Reach out today and let’s discuss how we can create a plan for making your remodeling dreams a reality! Call today at 813-436-0177.
It’s no secret that your kitchen is a fantastic choice when deciding where to upgrade your home. From a mini-make over to a full-scale revamp, not only does a kitchen remodel improve you and your families lives, but your resale value will dramatically increase. But where to start when planning and designing your kitchen renovation? We are here to help. Since 2000, we at Rossi construction have been helping folks throughout the Tampa Bay area create the kitchen of their dreams – and we have learned a few things along the way. Here are the top 5 things to consider before taking on the exciting endeavor of renovating your kitchen.
What is Your Budget?
A common first consideration when taking on a large home improvement project. It is easy to start out with good intentions, but there are commonly overlooked considerations that come into play drafting your expense list. The first step to ensuring you stay within your budget begins with planning your renovation. The surest way to spend more than is necessary is to make changes after construction and remodeling gets underway. This in one reason why is it considered best practice to consult with and professional, because we can ensure all aspects of the remodel are detailed and priced out beforehand.
Secondly, another common expense is unforeseen structural or electrical damage that requires upgrades to complete the renovation. Our team of professionals can help you budget for the unexpected and help with a pre-renovation inspection to determine the likelihood of these sorts of challenges.
Finally, consider the overall value of your home. A kitchen remodel is considered the best investment when it comes to reselling your home. A recent study found that an average $15,000 renovation saw a return value of roughly 93%. Further, a kitchen generally accounts for 10-15% of a home’s value. With this information in mind, you should seek to prioritize what changes will have the largest impact on the space and maintain or even increase the value of your home.
Establish Your Splurge-Worthy Investments
Have you been eyeing that side-by-side refrigerator? Or envision marble countertops in your upgraded kitchen? Start researching the big-ticket expenses for your remodel and look into customer reviews. This will help you get a feel for not only the quality of top items on your list, but the price. Pricing out appliances is another area where having an experienced professional on hand can be helpful. From evaluating energy costs to planning out how the space will look cohesively, we can help keep with in your budget while still building out the kitchen to your specifications.
Do You Know Who You Are Hiring?
As mentioned, your contractor will play a huge role in ensuring you stay with in your budget and that your kitchen vision is realized. For this reason, is it essential that you are hiring someone who clearly understands your hopes for your remodel. From ensuring your contractor is insured to establishing a realistic and feasible budget and creating a workable timeline the right contractor can make all the difference. Finally, check out their previous work. What better way to determine if a contractor is a good fit than letting their work speak for itself? From residential, to commercial, we at Rossi construction have designed, managed and built out kitchen renovations in the Tampa Bay area of all kinds.
Let’s Get Your Kitchen Renovation Plans Underway
To learn more about how we can help you begin your kitchen or home remodel, feel free to contact us for more information about our services. If you are searching for some renovation inspiration, have a look at few of our previous projects. We look forward to working with you and turning your kitchen into one you’ll never want to leave!
When beginning the remodel of any home, it is important to discuss your goals with local home renovation service providers. Whether you are replacing your kitchen cabinets, installing a master bathroom, or finishing a basement, you should be sure to prepare for the renovation with a list of your family’s wants and needs as they pertain to the renovation.
In a recent survey, the most requested home remodeling service was bathroom remodeling, accounting for 78% of all projects. With an average 63.6% return on investment, bathroom remodeling is a logical home improvement choice. Many homeowners choose to expand their bathrooms, adding large, luxurious tubs and flattering lighting.
While bathrooms are always a popular remodeling choice, residential renovation contractors state that kitchens are a close second, especially for historic home renovations. Updating appliances and cabinet face lifts are an easy way to give a kitchen a whole new appearance and help homeowners cook and bake more efficiently. The 2012 Remodeling Market Index found that 69% of all home improvement projects could be accounted for by kitchen remodeling and design.
If kitchens and bathrooms aren’t your ideal home renovation services, don’t worry. There are many other ways to customize a home to your specifications. Basements and attics can be finished to add extra recreation, storage, or living space without building another room. Even new flooring or the simple addition of a fireplace or updated windows can dramatically change the appearance of a room. If you prefer exterior renovations, consider adding vinyl siding, a new porch, or investing in landscaping to improve your home’s curb appeal.
While no two home renovations are alike, consider sitting down with family members and looking at home decor magazines and websites to get an idea of what you like and dislike. Once you know what type of renovations you like, it is time to speak with a contractor and get started on building the home of your dreams.
Money is obviously at the forefront of every homeowner’s mind when it comes to making renovations, but figuring out just how much one will cost you can be a bit tricky. While home renovations will definitely have an upfront cost, that’s just part of the story—many times updates will increase a home’s value, and these amounts should be factored into the calculations as well. If you’re contemplating a Tampa renovation, but are unsure about how much it will set you back, use this quick guide to help estimate costs. Continue reading “How Much Will It Cost to Renovate Your Home?”
When it comes to renovation, you can’t approach a historic home in the same way that you would a more contemporary one, and many people are surprised to find that they are woefully unprepared once they begin the process. Renovating a historic home is not just about doing all the right things—it’s also about avoiding some common pitfalls that are associated with them. However, if you’re smart and plan ahead, you’ll find that the process is not as bad as it might seem at first, and with some luck you’ll end up with a fantastic finished product. Continue reading “How to Successfully Plan for a Historic Home Renovation”