If you know anything about remodeling, you probably know that it’s expensive! The interesting thing is that most people do their key budgeting before they actually begin the remodel. During the planning process you can save the most money, and you can also lose the most!
If you use personal finance software to establish your budget, you’re making great savings decisions. During the planning stage, you can decide where to spend and where to splurge. You may want to put a great new floor in, but save on that chandelier. Or you may realize you can only afford to do one update this year, rather than remodeling your whole home.
Believe it or not, kitchen remodeling can easily cost over $100,000. If you’re doing a surface-area renovation, though, you can expect to spend around $15,000. Remember, if you budget carefully, you’ll save a lot in the long run. Part of the reason you need to plan is because you’ll lose a lot of money if you change your mind about something mid-way through the remodel. So, make good decisions and stick to your guns.
Need a new roof? The cost will depend on the kind of roof you’d like. If you have a wood shingle roof (or you want one), you can expect to pay over $7,000. Asphalt shingle roofs are cheaper, and you can do it yourself for $1,000 or so. Professional installation will cost quite a bit more. A tile roof is more expensive, as is a metal roof, and copper will cost you over $20,000.
Naturally, all of that depends on the size of your home and your location. Price varies in cities and rural areas. Also, the weather will affect the kind of roofs that are reasonable for your area. If you live in a place with heavy rain, you need a durable roof!