Siding replacement is as straightforward as renovation projects can get. Nevertheless, a detailed plan can help make sure that your project is going to be finished on time and within budget. In today’s post, Masters Roofing shares expert tips on how to create a siding replacement budget.
- Understand the scope of your project. Before jumping into numbers, you have to understand the scope of your siding project. This will inform later decisions on materials, accessories and even which contractor to hire, as well as make it easier to handle unforeseen circumstances. It will also come in handy when changes need to be made to the plan, such as when your first choice of color or material is not available, or if the project gets delayed by weather.
- Do your research. It is true that no two projects are exactly alike, but having some knowledge on aspects like typical material costs, the average cost of labor, and ballpark costs of home remodeling projects can be useful when you’re planning your siding replacement budget. Asking friends or family who have had their siding recently replaced, and comparing brands and specifications are great ways to get started.
- Always keep an overhead. Inexperienced homeowners often make the mistake of setting their budget based on the contractor’s quote, leaving little to no overhead for unexpected costs. One of the most common reasons for having a budget overhead is unexpected repairs, which is due to problems found after the contractor has stripped the old materials. Since the cost of repairs are not part of the original quote, it will be an added expense.
- Don’t ignore financing options. Saving up for siding replacement isn’t always an option, but it doesn’t mean that you have to put off your project just to save for it. There are various ways to finance remodeling projects. In addition to cash and credit card, you can take an unsecured loan (no collateral but higher interest rates) or a secured loan (requires placing your home as collateral).
A capable siding contractor like Masters Roofing can also help you plan your project and keep it on track. Learn more about what we can do for you by giving us a call at (901) 871-7663. You can also fill out our contact form to schedule a consultation. We serve communities in Memphis, TN.