Today, home renovations spending is at an all-time high as median project costs soar into the tens of thousands. And yet, many homeowners still go over-budget by completion. Whether we decide to change project scope midway through or opt for more expensive building materials, a lot can put even a simple remodeling project well past the initial budget.
More than one in four projects go over budget; half of them due to complications during construction. While some issues may be impossible to avoid, knowing what’s behind the walls is essential before they get knocked down. From kitchen remodeling to adding additions, thorough planning and a little professional help can help avoid expensive setbacks. What’s next up on your home’s to-do list? Whatever it may be, don’t let it break the bank.
This infographic details some of the growing trends in house renovations, where homeowners typically go over-budget, and how to avoid costly and time-consuming mistakes.
infographic by: jobsiteimage.com
