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Reduce Remodeling Stress by Staying Within Your Budget

Last Updated: September 02, 2009

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Before plunging in, do your research, explore all options and plan for unexpected expenses.

Released September 1, 2009

BLUE SPRINGS, Mo. – With top contractors available and retail stores offering appliances and building materials at good prices, this is an excellent time to save money on remodeling, said a University of Missouri Extension housing and environmental design specialist.

“Establishing a budget and staying within your financial means are important parts of the process,” said Marsha G. Alexander.

Before plunging in, do your research, explore all options and plan for unexpected expenses, she said. Prepare by visiting showrooms, attending remodeling events and home shows, searching the Internet, watching home-improvement television shows and using the public library to access the wide variety of available resources.

Make design decisions based on your family’s specific lifestyle, Alexander said. Don’t be influenced by the latest design trends unless they fit your needs. “The best plans will provide functional, comfortable and convenient spaces that will make a home usable for a lifetime,” she said. “A successful plan also will provide for affordable and attractive spaces in the home to enhance its livability.”

Building codes vary from one community to another, so check with your city to see if your remodeling job will require a permit. Then determine the professionals you will need on your construction team. “If your project is comprehensive, hire an architect or qualified designer to develop plans and specifications,” Alexander said. “Next, hire a qualified contractor who can assist you throughout the remodeling project. Check references and get at least two bids – three are even better.”

The costs of supplies are a major factor in remodeling, with expenses often exceeding original expectations and creating undue stress. The National Association of the Remodeling Industry suggests budgeting an additional 10 to 20 percent for unplanned expenses, such as unexpected wiring or plumbing problems or unanticipated upgrades.

“At this point, take a practical look at your original remodeling budget,” she said. “Acknowledge you may not be able to accomplish all aspects of the remodeling job in one phase. You may need to leave some changes for completion within the next few years.”

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http://extension.missouri.edu/news/DisplayStory.aspx?N=504

Source: Marsha Alexander, 816-482-5850

Editor: Rebecca Gants, 816-812-2534, gantsr@missouri.edu

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