A Complete Guide to Budgeting for Your Home Remodel in Evanston, IL


Anytime you’re considering a home remodel in Evanston, IL, you need to look closely at your budget. How many funds you have available plays a crucial role in the number of workers, types of materials, and timeline you can expect for completion. 

While every situation will be unique, here are some basics about budgeting for your upcoming project we at Coco Design & Build Co. want to offer upfront.

Assessing Your Project Scope

Start by assessing the overall scope of your project. What exactly are you undertaking? Will this be a bathroom remodel, or are you upgrading your mother-in-law's apartment to have new bedrooms and a kitchen?

Knowing how much you have to get done prepares you for all the requirements of that project on paper.

Setting a Realistic Budget

 Ask around. Setting a realistic budget for your home remodel in Evanston, IL, helps you make decisions about everything that will happen. Odds are your neighbors started with a reasonable budget that quickly went out of control when it came time to select the freshly cut bamboo floors or easy-to-install luxury vinyl wood planks.

Set a budget that is realistic to your vision and your current financial situation. While you’re at it, be sure to set aside 5% to 15% as a buffer. This way, if you don’t use it, you have a nice little nest egg for décor and accessories.

Cost Breakdown by Room

The particulars of your room make a significant difference to how much you’ll spend. Size, scope, depth of project, and parameters all matter. An elementary guide from Angie’s List suggests you put aside money for each room like:

 

·       $6,625 to $17,604 for the average bathroom.

·       $4,000 to $40,000 for the average bedroom (about $17,000)

·       $14,598 to $41,495 for the average kitchen (about $26,960)

·       $15,000 ($100 per square foot) for a home office

 

These are very basic numbers, and you can find a lot of ways to cut costs, but they give you a general idea of national averages. Evanston is lucky because we aren’t in Boston or L.A. Local suppliers are more than willing to work in budgets as long as you have the time to discuss your unique needs and goals.

 

How We Can Help

 When you work with our professional team at Coco Design & Build Co., we always make recommendations based on your budget. We focus on quality over price so you get the most value over the longest duration of time. We can help manage labor costs and ensure you stay within budget so the home remodel in Evanston, IL, project you’re considering leaves you feeling fulfilled.

 Give us a call today, and let’s start discussing how to best approach your unique needs. The earlier we can begin this process, the better. Stick to your budget and stay focused on your goals so you avoid any unnecessary spending or upgrades that will surely tack on additional fees and material costs.

 

With the proper budget and guidance, you’ll be well on your way to cultivating the home of your dreams!

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