Which DIY Projects are Most Likely to Go Over Budget and Why"
While homeowners typically take on DIY projects to save money, it turns out that many of them are breaking their fixer-upper budgets and spending much more than they planned, according to a recent survey by Porch. While 5% of homeowners finished their fixer-upper projects under budget, and 52% finished on budget, 44% went over budget. […]
The post Which DIY Projects are Most Likely to Go Over Budget and Why" appeared first on Freshome.com.
While homeowners typically take on DIY projects to save money, it turns out that many of them are breaking their fixer-upper budgets and spending much more than they planned, according to a recent survey by Porch. While 5% of homeowners finished their fixer-upper projects under budget, and 52% finished on budget, 44% went over budget. And the homeowners who went over budget, spent, on average, 38% more than planned. ?One of the most common issues that can affect all of these projects is not understanding what your budget really is before you begin,? says Mick Lynch, Senior Vice President of Installations at Power Home Remodeling in Chester, PA. ?It?s so important to set a proper budget and identify what you really need and how much those items actually cost before you start your work.?
In addition to having an unrealistic budget, sometimes, unexpected problems occur. The highest percentage of survey respondents named these as the projects in which they went over budget.
New HVAC: 54%
There?s no one-size-fits-all HVAC. Ima...
The post Which DIY Projects are Most Likely to Go Over Budget and Why" appeared first on Freshome.com.
While homeowners typically take on DIY projects to save money, it turns out that many of them are breaking their fixer-upper budgets and spending much more than they planned, according to a recent survey by Porch. While 5% of homeowners finished their fixer-upper projects under budget, and 52% finished on budget, 44% went over budget. And the homeowners who went over budget, spent, on average, 38% more than planned. ?One of the most common issues that can affect all of these projects is not understanding what your budget really is before you begin,? says Mick Lynch, Senior Vice President of Installations at Power Home Remodeling in Chester, PA. ?It?s so important to set a proper budget and identify what you really need and how much those items actually cost before you start your work.?
In addition to having an unrealistic budget, sometimes, unexpected problems occur. The highest percentage of survey respondents named these as the projects in which they went over budget.
New HVAC: 54%
There?s no one-size-fits-all HVAC. Ima...
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