How to Budget for a Major Renovation
Creating a clear and realistic renovation budget is essential to avoid financial stress. Whether you’re remodeling a single room or an entire home in Utah, knowing what to expect—and where to be flexible—makes the process smoother and more successful.
Start with a Prioritized Wish List
List everything you hope to include, from must-haves to nice-to-haves. This helps you distinguish between essential upgrades and optional extras when reviewing estimates.
Understand the Main Cost Categories
Labor typically accounts for 30–50% of a project’s cost. Materials, permits, design fees, and unexpected repairs also add up. In Utah, remodeling costs can vary depending on location, accessibility, and contractor demand.
Factor in Contingencies
Always set aside 10–20% of your total budget for unforeseen expenses. In older Utah homes, hidden plumbing or electrical issues are common.
Get Transparent Estimates
Work with a contractor who provides detailed, itemized quotes. This ensures clarity and prevents surprises down the line.
Review Financing Options
Explore home equity loans, lines of credit, or personal savings. Some Utah homeowners also benefit from energy-efficiency rebates or state incentives.
Set your project up for financial success. Talk to RPM Construction & Remodeling about transparent budgeting support that fits your goals.