2. Set a Budget
If you don’t budget realistically for your plan, you could see costs add up much higher than anticipated or you may not get the value you were expecting.
As you set your budget, consider the vision and priorities of what service you want done for your home, the timeline for the project, and what you want in a contractor.
A complete exterior renovation can cost anywhere from $20K-$100K. There are four main factors that affect the cost of a remodel:
- Contractor fees and deposits
- Material and transportation costs
- Labor costs
- Costs associated with unforeseen project needs
Take some time to talk with your potential contractors about each of these factors. They should be straightforward about their experience and plans with each of these budgetary needs. To start the budgeting process, we recommend you get quotes from three or four local, licensed and insured contractors to define the scope of work and budget range you’re working with and to ensure you find the best balance of price and quality.
Bonus Tip: Look for contractors that do complete exterior renovations including windows, framing, roofing, siding, gutters, and carpentry. Companies that are limited to just one or two elements such as window installers or roofing-only companies will require more scheduling, paperwork, contracts, and payment schedules. Find a contractor who offers all the services you need – they can take a more holistic approach to your project which will help you stay on top of the details.