Hey Reader
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It didn’t take long for me to run through the budget during my most recent renovation.

Of all people, I should know how to set and keep a budget when it comes to these things. 🤦🏻‍♂️

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On Wednesday’s livestream, I’ll be sharing exactly what I spent on my recent kitchen renovation and how far over the budget I actually went. Check it out if your curious.

Until then, here are some fantastic pieces of advice that I failed to follow, but will help you when challenged with sticking to the budget during this exciting time of renovating your kitchen.
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• Set a realistic budget: Before you start your kitchen renovation, establish a budget that you are comfortable with and can realistically afford. Be sure to account for unexpected expenses that may arise during the project. Remember this is more than just a budget, it is an investment.

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• Prioritize your needs: Identify the essential elements of your kitchen renovation that must be addressed, such as increasing storage solutions and prioritizing countertop space. Focus on these needs before considering any optional upgrades. No point in blowing the budget on a kitchen that’s not even functional.

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• Create a detailed plan: Work with a professional designer to create a detailed renovation plan. This plan should include a breakdown of costs for materials, labour, and any other associated expenses. Don’t stop there, get multiple layout options too.

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• Get multiple quotes: When hiring contractors and purchasing materials, obtain quotes from multiple sources to ensure you are getting the best prices. Don't forget to consider quality and reputation as well, as the cheapest option may not always be the best value. However, also be careful when comparing quotes, as it’s not all apples-to-apples out there.

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• Consider DIY options: If you have the skills and time, consider tackling some of the renovation work yourself. However, be cautious and make sure you're capable of handling the tasks to avoid costly mistakes. Don’t tackle electrical or plumbing tasks. These are not things you’ll want to mess up.

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• Keep track of expenses: Maintain a record of all your expenses throughout the renovation. This will help you stay accountable to your budget and make it easier to identify any cost overruns. I’m horrible at this. Receipts?…what receipts?

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• Set aside a contingency fund: It's wise to allocate a portion of your budget (typically around 10-20%) for unexpected expenses that may arise during the renovation. This will help you avoid financial stress if unforeseen issues occur. It’s not even a matter of “if”, but “when” they occur.

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• Reuse and recycle: Whenever possible, consider reusing or repurposing existing kitchen elements or appliances. Recycling materials can also save you money and reduce waste. However, never put your old sink in your new kitchen.

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• Choose cost-effective materials: Select materials that fit within your budget, and don't be swayed by high-end options if they don't align with your financial goals. There are many affordable alternatives that look great and are durable. Don’t get mad at me for suggesting laminate countertop!

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• Avoid scope changes: Stick to your original renovation plan and avoid making frequent changes. Each change may result in additional costs and delays. Maybe this one is redundant because you’ve already sketched out a detailed plan…right?

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• Negotiate with contractors: When negotiating with contractors, discuss your budget constraints and see if they can provide cost-effective solutions without compromising quality. Be careful however of a deal that’s to-good-to-be-true.

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• Time your renovation wisely: Plan your renovation during a time when materials and labour costs are lower, which may vary by season or market conditions. Though I’m not even sure there’s such a thing as low material and labour.

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• Reuse kitchen appliances and fixtures: If your appliances and fixtures are still functional and aesthetically pleasing, consider keeping them instead of replacing them. Be sure to future proof your kitchen if you do this, in case you do get new ones down the road.

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• Shop for deals: Look for discounts, sales, and clearance items when purchasing appliances, cabinets, and other materials. Online marketplaces and local hardware stores can offer great deals. Places like IKEA offer big sales on kitchens twice a year.

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• Don't rush decisions: Take your time to make informed decisions about materials, colours, and designs to avoid costly changes later in the project. Cool your jets a little and take a breath.

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I hope these will help you stay on track. Don't forget to join me Wednesday nights at 7pm EST for my weekly live stream.

If you want to work with me on your kitchen project, click here!​

Chat soon,

Mark