Sunday, June 3, 2012

Get Real: Remodeling Is Expensive! Part 1

As I written in the past, I am horrible when it comes to estimating the costs of home repair and remodel projects!  I mean well, and I don't mean to lie to myself, but when I know what something will truly cost, I won't do it!  I am just too cheap.  But when I am half-way through a project and already over budget, I am motivated to just pay for it because, well, no one wants to live inside a remodel project!

But this ready, aim-a-little-bit, fire, and aim-again process is stupid!  And expensive!  And marriage-straining!  And definitely not Dave-Ramsey-Approved!

Deep Thought:  why do we make excuses when we go $1,000 over budget, but we scream at a contractor who goes $10 over his bid?

I think there is something in us that kicks against the reality of what things cost.  I was surfing the web for bathroom layout and design ideas, and one page featured the samples and suggestions of one professional remodeling company.  The site claimed that $1,000 spent on your bathroom will get you no more than new paint, a new shower curtain and maybe a professional tile cleaning.  But any substantial improvement to your bathroom will cost well over a grand!  Are you serious?  Yes.

At that point I ask my, "what if I do all the work myself?  I could save a bunch of money, and yes, I will probably screw up a few things and have to go back and fix them.  But I will save a bunch of money!"

However, I need to remember this: I will still spend far more on materials than I first think I will.

In my next 2 posts, I will share with you the real costs of 2 of my recent projects:  a large main bathroom remodel, and a very small project of installing 2 doors to our basement storage area.

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