Budgeting tips for exterior renovations
06 May 2019
Edmonton exterior renovations can help protect your home from the elements while boosting curb appeal, energy efficiency and resale value. Like all renovations, exterior upgrades are an investment. Here are some tips for creating a budget for your exterior reno:
Make a list of must-haves and can-waits.
Walk around your home’s exterior and make a list of what you must renovate now, and what can wait. Things that should take top priority are damaged roofing, siding, gutters and leaking windows. Waiting on these repairs could end up costing you more in expensive water damage down the road.
If you’re planning on selling your home soon, consider this factor when choosing what to renovate. Items that improve curb appeal and attract buyers could make it to the top of your must-have list. Especially if these exterior home renovations in Edmonton are affordable or could be done DIY.
Once you have a list, it’s time to price it out.
Price out the costs of each exterior renovation you want to do.
Do not underestimate the costs of this exterior upgrade. If you’re getting quotes from Edmonton exterior contractors, make sure they include labour, permits, materials, supplies and any other costs that might come up during the project. If you’re doing it yourself, get pricing on all tools, supplies and materials you’ll need to get it done. Having a detailed, clear estimate will help you determine what you can afford and what you can’t. It will also reduce surprises and unforeseen costs down the road.
Hire an exterior renovation contractor you can trust.
Unless your project is easy enough to DIY, you’ll have to hire a contractor. Make sure you do lots of research before hiring someone. Check references, ask to see a business license and insurance, WCB coverage and look for memberships to third party organizations like the BBB or RenovationFind. Ask them how long they’ve been in the business, if you can see previous work and ensure they provide a very detailed cost estimate, in writing.
If a contractor insists on being paid 100% for the job upfront, do not hire them. It’s common to pay a deposit, but reputable exterior contractors in Edmonton will not expect to be paid in full before any work is done. You should get a detailed contract in writing that includes the full scope of work and the agreed upon payment schedule.
Blog post submitted by Chamber member RenovationFind