If you are interested in investing in home improvements, one of the key steps in renovating is planning your budget.
There are many factors you need to consider when doing this. You need to run the comps and figure out what the neighborhood supports, find out what your contractor's work schedule looks like, and decide whether you're renovating your existing square footage or adding new square footage.
Determining your budget is critical because you don't want to run out of money halfway through your renovation or find out that you're $100,000 short.
The best thing you can do to plan an accurate budget is sit down with your real estate agent and figure out how you'll get financing. Most people, for instance, use the equity they already have built up in their house.
If you have any questions about planning your renovation budget or have any other real estate needs, don't hesitate to reach out to me. I'd love to speak with you.