Budgeting mistakes are a common cause of stress when investing in new windows. Considering that the project can involve a large outlay, it’s imperative to thoroughly think through the financial side of it.
To budget for your window replacement properly, use these expert tips from Renewal by Andersen® of Portland:
Determine Your Price Range
First of all, determine how much you want to spend. Unless you’ve got unlimited finances, it’s important to establish an expenditure threshold to avoid going over your limit.
Finalize Every Detail at the Beginning
Deciding on everything from the beginning allows for an accurate estimate. Every design element you want to incorporate in your windows will affect the overall budget. If you don’t finalize these details in the beginning, your estimate might include allowances, which are line items used as placeholders in the bid. This could result in a final bill that’s higher than you anticipated.
Avoid Unnecessary Add-Ons
In a window replacement project, it can be tempting to take advantage of every customization option at your disposal. However, this can cause you to exceed your budget. Practice moderation, and fight the urge to include window design elements you can live without.
Don’t Skimp on Labor
If you want to save money, hiring the lowest bidder isn’t the answer. In fact, it might accomplish the opposite. You might get low-quality products, poor workmanship or both in return.
Think About Contingencies
Running out of funds when your project demands unexpected, additional work can upend your life. As with any home improvement project, underlying damage might only be detected once the work begins, and will need to be repaired before the project can continue. This will add to your expenses. You can prepare for this by dedicating 20% of your window replacement budget to contingencies.
Cash is always better, but applying for financing is wise if you’re on a tight budget. Taking out a loan can cut your expenditure into smaller payments, making everything more manageable.
Let Renewal by Andersen of Portland help you plan your project without breaking the bank. Call us at (503) 419-3960 now to schedule your FREE consultation, discuss your needs and learn about our financing options. We serve Portland, OR, Vancouver, WA, and the surrounding communities.