Collection by Michael Dry
Be selective about splurging. One of the hardest, yet potentially most satisfying, parts of staying on budget is learning where to save and where to splurge. There are certain items or pieces that are worthy of spending more on, whether it’s a sofa that will last you a decade or kitchen countertops that will really help improve the value of your home. Your contractor or other design professional can advise you on locations or pieces where a higher-quality product is important versus something more basic.
Always put contingencies aside. During any renovation, it is critical to set aside money for the "what if" or emergency scenarios. For example, there might be plumbing that you didn’t anticipate needing to replace. Conventional wisdom suggests adding 15 to 20 percent to your contractor’s renovation cost to safely consider these contingencies.





