Budgeting for Your Home Improvement Project Like a Pro

Your budget is one of the most important considerations when planning any home improvement project. Unfortunately, many homeowners make mistakes when setting their budget, leading to higher costs than expected. 

Read on as the remodeling experts at V. Nanfito Roofing & Siding, Inc. share some important pointers about how to set a reasonable budget and avoid any financial surprises during a home improvement project.Get Accurate Estimates

When setting a budget, your first step should be getting cost estimates from a general contractor. Make sure that the quote you’re provided is completely itemized. Go over the details with your contractor and ask questions about any part of the estimate that you don’t understand.Plan for the Unexpected

Whatever the final price is for your project, add about 10% to 20% of that to your budget. This will serve as your contingency fund and a cushion for any unexpected issues that could cause the cost to increase.Do Your Homework

Understand that there’s a lot more that goes into the cost of a home improvement project than the upfront price of the materials. For example, asphalt shingles may be more affordable than cement tiles or cedar shakes, but they have a shorter lifespan and  require more frequent roof maintenance, leading to a potentially higher life-cycle cost. Research all your options and be sure you understand not just how much a product costs to install in your home, but what type of maintenance it will need and how long it will last before you need to replace it.

At V. Nanfito Roofing & Siding, Inc., we are your number one trusted provider of roofing, siding and exterior remodeling services. Give us a call at (203) 639-1634 or fill out our contact form to schedule a consultation and request a free, no-obligation estimate today.