Remodeling Budget
A remodeling budget can be a complicated thing to figure out. The main thing is of course figuring out how much can you actually afford to spend as well as how much time are you willing to be living in the middle of a remodel or if you can afford it, living elsewhere. Some obvious things not to do: - Do NOT cash out all of your stock and other savings. - Do NOT borrow money you cannot hope to repay - Do NOT count on expected income or an inheritance Overall, look at your finances and consider what you have saved and once that is gone, ensure that you will still be ok should the unexpected occur. You can also certainly consider refinancing and pulling money out of your mortgage or securing a construction loan. Remember that in the Bay Area, remodeling costs are higher because labor costs tend to be higher. Know also that California cities enforce some of the strictest codes because of earthquake and fire risks in the area. After you have figured out how...