Budgeting Guidelines for 3 Home Improvement Projects
If you plan on doing a couple of home improvements, one of the first things you’ll want to do is figure out what your budget is. The following are three home improvement projects and some basic guidelines for budgeting for them:
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Adding trim – Trim may seem like a very small home improvement project, but it can have an enormous impact on the look of your interior design. Adding trim is a great way to add an element of luxury and character to your home. For smaller rooms, using crown molding to add trim can be done under $500. Larger rooms could cost in the thousands.
Refinish floors – If your hardwood floors are beginning to show wear and tear, you may want to refinish them. Most of the time you’ll be charged by the square footage – but the type of stain affects the cost as well. Expect to spend between $2.50 and $5.25 per square foot, which includes sanding, staining and three coats of finish.
Adding a built-in bar – A built-in bar is great for entertaining, but expect to pay between $10,000 and $15,000 to complete this project.