Last week, in our ongoing series about renovating and rehabilitating historic homes, we looked at managing the construction process -- and today, we’re looking at the closely related topics of managing the budget and keeping costs down. Of course, everyone wants the best work they can afford, and by following a few easy steps, you can make your dollars go farther.
1. Know your budget. How much you have (and want) to spend on a project is a personal decision that needs to take into account your finances, home value, local real estate values, availability of loans, etc. Having this number in mind at the start of the project is key because it can help you make decisions from what contractor to select to the kinds of materials and finishes you can afford.
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