Nobody wants to spend more than what was originally planned when tackling a home improvement project, but many people wind up doing so anyway. Determining your price range is a start, but it isn’t enough to avoid going over budget.
Whether you’re investing in new skylights or gutters, use these tips from Universal Roofing and Exteriors to keep your expenses from spiraling out of control:
Take Note of Cost Drivers
Learn about the things that will shape your budget. The material and labor costs will account for most of your expenses, but set aside funds for any necessary permits too. Also, it’s a good idea to have a buffer budget so you can easily absorb unexpected additional work.
Get a Detailed Estimate
A roofing or window estimate is only an estimate; it doesn’t guarantee the final bill. Some things might be added along the way. Although the bid is not a guarantee of the overall cost, it should give you an accurate idea of your expenditure. To set your expectations, finalize every detail to avoid using allowances in the bid. This way, any discrepancies will be minimal.
Anticipate Hidden Structural Damage
Contingencies can be costly. Pre-existing problems that must be addressed before construction begins could set you back more than initially expected. A good rule of thumb is to allocate 20% of your total budget for unpleasant surprises.
Avoid Self-Initiated Change Orders
Processing change orders will increase your bill one way or another. After finalizing your project and receiving the estimate, commit to it until the end.
Work With a Reliable Contractor
Hire a door or siding contractor that you can trust. There are disreputable companies out there, so keep your eyes open and avoid getting taken for a ride. Ask for proof of credentials and read enough online reviews to vet your candidates properly.
Turn to Universal Roofing and Exteriors to help keep your home exterior project on budget. Our record speaks to our unquestionable integrity and impressive expertise. Call us at (317) 257-0779 now to schedule your no-obligation consultation to discuss your home improvement needs, and get a free estimate. We serve Carmel and Indianapolis, IN.