Michael Isaacs

Fairway Independent Mortgage Corporation

  • (614) 383-7341
  • About
  • Blog
  • Mortgage Info
    • First Time Home Buyer Tips
    • First Time Home Seller Tips
    • Closing Costs
    • Home Appraisal
    • Home Inspection
    • Loan Checklist
    • Loan Process
    • Loan Programs
    • Mortgage FAQ
    • Mortgage Glossary
  • Reviews
    • Read or Write Reviews
    • Additional Reviews
  • Contact

Remodeling 101: How to Create a Proper Budget for Any Renovation, Large or Small

November 18, 2015 by Michael Isaacs

Remodeling 101: How to Create a Proper Budget for Any Renovation, Large or SmallWhether you’re readying to put your home on the market or you haven’t updated your space in a while and want to modernize, approaching renovations can be a struggle. With so many things to fix up, both large and small, it can seem overwhelming to prioritize, set the money aside and get to work. If you’re having trouble figuring out where to begin with budget, here are some tips for how to properly prioritize so you can maximize your renovation expenditures.

Determine What Is Most Important

Whether it’s the tile floor in your bathroom or the outdated kitchen sink, if the need for an upgrade in a certain part of your home has been staring you in the face for a while, you’ll want to begin there. By determining your first priority and the no-frills cost assessment of completing it, you can arrive at the cost of what renovating the item will mean. Once you’re in the ballpark, you can then move on to any additional features or accessories that may perk up your basic renovation.

Add A Little Extra To The Budget

The downside of any budget is that costs will always come along that were not predicted, and they can entirely break the bank and your original projections. Instead of hoping for the best, add some extra money to the outline of total expenses for your renovation so you can be prepared for some of the hiccups that will come along. This will ensure that you have the financial wherewithal to complete the renovation and won’t be disappointed in the final outcome for your finances.

Consider Where You Can Cutback

Whether you’ve been dreaming of a new living room set for a while or replacing the flooring in the kitchen, you can update the area of your choice while still economizing in other ways. For example, if you’re going for modern eclectic in your living room, you may want to splurge on an updated couch, but you may be able to save by purchasing a retro coffee table online or a unique side chair that’s secondhand to go along with it. This may provide a unique upgrade, without all the expense of in-store purchases.

It can be hard to know where to begin when it comes to revamping your house, but it’s important to start with what you really can’t live without and move outward from there. If you’re curious about home renovations and how they can improve the market value of your home, you may want to contact your trusted mortgage professional for refinancing options that will work for your situation.

Filed Under: Around The Home Tagged With: Around the Home, Homeowner Tips, Upgrades and Renovations

Michael Isaacs

Contact Michael


Branch Manager and Mortgage Loan Originator

NMLS #26591 • AZ License #BK-0904162
Licensed in: AZ, CA, CT, FL, IL, KS, KY, ME, MD, MO, NH, NJ, OH, PA, TN, VA.
State Disclosures: http://bit.ly/FIMCDisclosures

Direct: 614.383.7341
Office: 614.383.7341
Mobile: 614.361.7558
eFax: 866.367.2659
Michael.isaacs@fairwaymc.com
4215 Worth Avenue, Suite 220, Columbus, OH 43219
RATE QUOTE →
Leave Us a Review
Fairway
Company NMLS #2289

Connect With Me!

  • Facebook
  • LinkedIn
  • Twitter

Let’s Keep In Touch!

  • This field is for validation purposes and should be left unchanged.

Keep Up to Date with the Latest Mortgage News!

Calculate Mortgage Payments

Mortgage Calculator

Recent Articles

  • An Overview of Amortization: It Plays A Role In Monthly Mortgage Payments
  • DIY Lovers: ‘Greenify’ Your Home with These Three Eco-friendly Home Improvement Projects
  • What’s Ahead For Mortgage Rates This Week – March 1, 2021
  • Common Mistakes The Experienced Homebuyers Tend To Make
  • An Overview Of Mortgage Points On Home Loans
Equal Housing Lender
Company NMLS #2289
For licensing information, go to: www.nmlsconsumeraccess.org

Privacy Policy | Terms of Use

Complaints may be directed to: (877) 699-0353 or Email us: customerservice@fairwaymc.com.
The content on this website is written by Michael and reflects his opinion, and not the opinion of Fairway Independent Mortgage Corporation.

Our Location


4215 Worth Ave
Columbus, OH 43219

Copyright © 2021 · Powered by MySMARTblog