HOW TO SET A BUDGET (AND STICK TO IT) FOR YOUR OUTDOOR PATIO REMODEL
source: http://realtytimes.comWritten by Kerrie Kelly, ASID
Creating and sticking to a home improvement project's budget is about as easy and comfortable as pulling teeth. But when it comes to a task as exciting as an outdoor space remodel, it's necessary to think and talk about the budget before taking any further steps.
The good news is that with a little practice and some research, you'll be able to conquer your patio design project and stay within your financial boundaries—and maybe even have a little left over for that kitchen cabinet remodel you've been dreaming of tackling next!
Plan and Prioritize
It's time to plan the actionable steps. Make sure your supply list includes preparation items, tools and decorative accessories. If you're redoing the outdoor brick pathway, will you be using any of the old brick? What type of concrete is needed, and is there a less expensive alternative? Are you looking to go eco-friendly or simply cheap and efficient? Nail down the details beforehand to eliminate potential headaches while shopping.
Research Realistically
When embarking on any new project, start by going over what resources you have on hand. Do you have an account allocated for home renovations, designated money under your mattress or a forgotten gift card or coupon in your desk drawer?
Next, whether you're looking to replace a brick walkway or reupholster outdoor furniture, research similar projects that have been completed near your location. Entirely finished, up-to-date design projects will be the most accurately quoted. If you are meticulous in your research, you can model your project after a successful one and plan on how to use your funds most effectively.
Taking all these factors into consideration, target each piece of the project to create a holistic budget. Then, purchase a gift card at the retailers where you intend to purchase supplies during the course of the project. Stores like The Home Depot even offer Project Cards and DIY Cards exactly for this purpose, so by allocating the money up front, you'll be able to monitor the funds, see how they're being spent, and avoid going over budget. Plus, you can safely give the card to a contractor to purchase supplies, without the concern of handing off a credit card to a stranger (and you'll be able to see exactly what things cost).
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