Ignite FB Tracking PixelMaking a Home Renovation Timeline and Budget - Lori Vernon Gagetta
Making a Home Renovation Timeline and Budget

by Lori Vernon Gagetta 12/31/2018

Home improvements are a vital part to keeping your home up-to-date with the times and also to ensure that it doesn’t lose value when it comes time to sell.

To save money, many homeowners take the do-it-yourself route and use the tools at their disposal to upgrade their homes. Sites like YouTube have made it easier than ever to follow step-by-step tutorials that show you how to make substantial repairs and upgrades to your home without having to pay a professional.

The down side, however, is that when you choose to DIY, you take on the risk of going over budget by making mistakes. You also risk stretching out your project weeks or months longer than necessary due to a lack of time to work on it.

In today’s post, we’re going to talk about how you can stay on budget and on track to finish your home improvement project without bringing in the professionals.

Making a timeline

Let’s start with the big picture for your home renovations. When deciding which improvements to make, it’s important to know your limits in terms of the work you can do.

Set a reasonable number of hours you can work on your projects per week. Go easy on yourself. Most of us are already tired when we get home from work and probably won’t be able to start tackling big projects in the evenings. Rather, try to give yourself one weekend day to work on your projects and one weekend day to relax.

The most important aspect of creating your timeline is to try and keep your schedule open. So, write down the time you want to work on your home in your calendar, planner, or whichever app or tool you use to plan your time.

This will help you to avoid creating conflicting events and obligations, and help you stay on track to finishing your improvement projects.

If you’re looking for an evening activity related to your home improvement projects, it’s a good idea to start watching some video tutorials of people doing the same renovations as you. This will help you avoid mistakes and look out for common obstacles that you’ll face along the way.

Budgeting your improvement

You’ll want to save up for your project in advance, if possible, to avoid accumulating credit card debt. Your home improvement project should, in effect, gain you money by increasing the value of your home, not make you lose money on credit card interest payments.

Budgeting in itself is an art that few of us are taught in school. Fortunately, there are several free budgeting apps available. Or, you can simply draw one up yourself.

The key to creating a home improvement budget is to know how much of your monthly savings you can devote to this project without having to dip into other funds. To do this, you’ll need a clear understanding of where your income goes.  

Once you have a budget and a timeline for your home improvement project, you’re ready to begin. Just make sure you check in on your timeline and your budget throughout the length of the project to make sure you’re meeting your goals and aren’t overspending.

About the Author

Author
Lori Vernon Gagetta

After attending the University of Iowa, Lori traveled extensively with her positions in the travel industry before calling the Napa Valley home. For the past twenty years, Lori has earned a reputation for her organizational skills, honesty and integrity in the community as Manager of a local Travel Agency, as Director of Operations for Francis Coppola and as Director of Operations for a highly successful executive placement firm. 

These diverse positions have enabled Lori to explore the many different aspects of business from a small, local yet competitive company to the worldwide exposure of marketing international resorts, property management and the high tech industry of Silicon Valley.

As a member of the North Bay Association of Realtors, Napa Chapter, the National Association of Realtors, the California Association of Realtors and the Bay Area Real Estate Information Services, Coldwell Banker Previews International, Lori brings her attention to detail and her dedication to customer to Real Estate. Joining Coldwell Banker, Brokers of the Valley in August 2001, has afforded Lori the opportunity to experience all aspects of the residential real estate market. From the first time home-buyer, to the acquisition and marketing of vineyard land, ranch or estate property, Lori offers a progressive, informative and professional approach. 

This dedication and commitment has earned Lori a position in the President's Elite, the top 1% of all Coldwell Banker International Sales Agents.