{"id":26146,"date":"2023-10-23T20:45:40","date_gmt":"2023-10-23T20:45:40","guid":{"rendered":"https:\/\/simplydesign.ca\/the-cost-to-renovate-part-3-deciding-on-a-budget\/"},"modified":"2024-02-29T21:23:36","modified_gmt":"2024-02-29T21:23:36","slug":"the-cost-to-renovate-part-3-deciding-on-a-budget","status":"publish","type":"post","link":"https:\/\/simplydesign.ca\/the-cost-to-renovate-part-3-deciding-on-a-budget\/","title":{"rendered":"The Cost to Renovate, Part 3 &#8211; Deciding on a Budget."},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-412 size-full alignleft\" src=\"https:\/\/simplydesign.ca\/wp-content\/uploads\/2023\/10\/home-renovation-20069547.jpg\" alt=\"\" width=\"400\" height=\"266\" \/><\/p>\n<p>How exciting! You are going to renovate. Whether it\u2019s due to necessity, or just because you want to, it is an exciting process with an outcome that you should feel proud to show off once completed.\u00a0 But it always comes down to the bottom line.\u00a0 Two major questions I ask my clients when they are unsure of a budget are;<\/p>\n<ul>\n<li>Is this your forever home or a stepping-stone to your forever home?<\/li>\n<li>Is this the only update you need or want to make?<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>The Forever Home<\/strong><\/p>\n<p>Regardless of how many spaces you plan to update over time, you will be more willing to stretch your budget for your forever home. The last thing you want to end up with is buyer\u2019s remorse.\u00a0 After all, once the work is complete, you do not want to be thinking, \u201cI would-have, should-have, could-have\u201d.<\/p>\n<p>&nbsp;<\/p>\n<p>That being said, I also act as the voice of reason when working with you on a project. However, if you\u2019re doing the renovation on your own without a designer or a consultant to keep you in check, then you have to be your own voice of reason. Splurge on an item here and there, and the budget can quickly get out of hand.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>A few forever home renovation tips;<\/strong><\/p>\n<ul>\n<li><strong>Plan ahead<\/strong>: You\u2019re not moving anytime soon, so if it is not a necessity, don\u2019t rush into it. Rushing in may cause you to make too many compromises.<\/li>\n<li><strong>Don\u2019t settle<\/strong>: Compromises are required for a renovation. Unless you have a money tree in your backyard, chances are there is a cap to what you want to spend. However, if an element doesn\u2019t bring you joy and you feel apprehensive about it, then move on and look for the element that you like better. This should be there for 10-20 years, so you need to like it, if not love it.<\/li>\n<li><strong>Do the things that need to be done first and the \u201cwant\u2019 items come after<\/strong>. Don\u2019t put off the falling apart front porch because you just HAVE to have the dream bathroom.<\/li>\n<li><strong>Think to the future<\/strong>: A forever home generally involves the fact that you are going to age in it. For example, when renovating a bathroom, plan for future grab-bar instalment. In a kitchen, consider convenience items to save you from crawling around digging things out of deep cabinets. Make sure that access to the front door is accessible in all conditions. Invasive projects should also be tackled while you have income and patience.<\/li>\n<li><strong>Plan them for while you\u2019re are away on holidays<\/strong>: Have a Project Manager take care of the chaos while you\u2019re sitting on a beach!<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>The Short-Term Home<\/strong><\/p>\n<p>If it is not your forever home and you plan to sell within 5 years, then the budget really needs to be focused.\u00a0 You need to be less personal in your choices. Focus on necessity and value and don\u2019t get swept away with pretty things.\u00a0 The last thing you should do is go overboard in effort and money to renovate things to your exact specifications, only to stick a for-sale sign on it so someone else can enjoy your dream space.\u00a0 Working with a design expert or project manager like Simply Design can be especially beneficial as the voice of reason can be exceptionally important when renovating for the purpose of selling your home.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>A few short-term home renovation tips:<\/strong><\/p>\n<ul>\n<li><strong>Focus on value<\/strong>: Choose items that function well, are long lasting and timeless.<\/li>\n<li><strong>Be less personal<\/strong>: As much as I love colour and adding personal touches to a space, if you plan to sell, then keep the choices mainstream and neutral. You can add colour and personality with accessories which are much easier to switch out when it comes time to stage your home.<\/li>\n<li><strong>Choose your spaces wisely<\/strong>: Don\u2019t renovate your basement if the back deck is rotten. Don\u2019t spend money on a new kitchen if a facelift will do. If you have a bathroom that is in dire need of a renovation, don\u2019t add expensive shutters to old windows on their last stretch, or quartz countertops on 10+ year old builders grade kitchen cabinets.<\/li>\n<li><strong>Budget and stick to it!<\/strong> Create a check-list of what you need. Have an allowance (a realistic allowance based on what you have seen the items priced at) and spend within it.\u00a0 If you want to renovate your bathroom for under $10,000, \u00bd of that will be labour. So that leaves only $5000 for materials. Don\u2019t spend $2000 on a vanity or buy an elaborate spa shower system. Remember, this is not your forever home.<\/li>\n<li><strong>Work with a designer<\/strong>: Although it carries an upfront cost, the designer will show you what you can have for your budget, help you make your space look good and keep you from getting too personally attached to it. Simply Design can often negotiate better pricing when Project Managing, thus off-setting a portion of the design and PM fee.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Whether you are renovating your forever home or a short-term home that is a stepping stone to your forever home, the key factor in deciding your budget is <u>planning<\/u>!\u00a0 For help, reach out to an Interior Design Consultant or experienced renovator.\u00a0 Simply Design offers Interior Design consulting packages to help you plan your renovation so you can have a space with Function and Style.\u00a0 <a href=\"https:\/\/simplydesign.ca\">www.simplydesign.ca<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>How exciting! You are going to renovate. Whether it\u2019s due to necessity, or just because you want to, it is an exciting process with an outcome that you should feel proud to show off once completed.\u00a0 But it always comes down to the bottom line.\u00a0 Two major questions I ask my clients when they are<\/p>\n","protected":false},"author":1,"featured_media":26149,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Cost to Renovate Part 3 - Deciding on a Budget | Simply Design<\/title>\n<meta name=\"description\" content=\"Read our 3 part series for some tips on how you can spend your time and money wisely and how to be better prepared for the expense of a renovation.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/simplydesign.ca\/the-cost-to-renovate-part-3-deciding-on-a-budget\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Cost to Renovate Part 3 - Deciding on a Budget | Simply Design\" \/>\n<meta property=\"og:description\" content=\"Read our 3 part series for some tips on how you can spend your time and money wisely and how to be better prepared for the expense of a renovation.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/simplydesign.ca\/the-cost-to-renovate-part-3-deciding-on-a-budget\/\" \/>\n<meta property=\"og:site_name\" content=\"Simply Design\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-23T20:45:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-29T21:23:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/simplydesign.ca\/wp-content\/uploads\/2023\/10\/home-renovation-20069547-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"266\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ryan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ryan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/simplydesign.ca\/the-cost-to-renovate-part-3-deciding-on-a-budget\/\",\"url\":\"https:\/\/simplydesign.ca\/the-cost-to-renovate-part-3-deciding-on-a-budget\/\",\"name\":\"The Cost to Renovate Part 3 - Deciding on a Budget | Simply Design\",\"isPartOf\":{\"@id\":\"https:\/\/simplydesign.ca\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/simplydesign.ca\/the-cost-to-renovate-part-3-deciding-on-a-budget\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/simplydesign.ca\/the-cost-to-renovate-part-3-deciding-on-a-budget\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/simplydesign.ca\/wp-content\/uploads\/2023\/10\/home-renovation-20069547-1.jpg\",\"datePublished\":\"2023-10-23T20:45:40+00:00\",\"dateModified\":\"2024-02-29T21:23:36+00:00\",\"author\":{\"@id\":\"https:\/\/simplydesign.ca\/#\/schema\/person\/774d44e7794edd112ebbf716acd103e9\"},\"description\":\"Read our 3 part series for some tips on how you can spend your time and money wisely and how to be better prepared for the expense of a renovation.\",\"breadcrumb\":{\"@id\":\"https:\/\/simplydesign.ca\/the-cost-to-renovate-part-3-deciding-on-a-budget\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/simplydesign.ca\/the-cost-to-renovate-part-3-deciding-on-a-budget\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/simplydesign.ca\/the-cost-to-renovate-part-3-deciding-on-a-budget\/#primaryimage\",\"url\":\"https:\/\/simplydesign.ca\/wp-content\/uploads\/2023\/10\/home-renovation-20069547-1.jpg\",\"contentUrl\":\"https:\/\/simplydesign.ca\/wp-content\/uploads\/2023\/10\/home-renovation-20069547-1.jpg\",\"width\":400,\"height\":266},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/simplydesign.ca\/the-cost-to-renovate-part-3-deciding-on-a-budget\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/simplydesign.ca\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Cost to Renovate, Part 3 &#8211; 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