How do I create a restoration budget?

How do I create a restoration budget?

Creating a restoration budget involves assessing the scope of the project, estimating costs, and prioritizing expenses. What specific restoration project are you planning?

I'm looking to restore an old house.

Great! Start by listing all the areas that need restoration, like the roof, plumbing, and electrical systems. Then, research the costs for each area. Do you have a rough idea of your total budget?

I have about $50,000 to spend.

With a $50,000 budget, prioritize essential repairs first. Allocate funds for unexpected expenses, typically around 10-20%. Would you like help estimating costs for specific areas?

Yes, can you help me estimate the roof repair costs?

Sure! Roof repair costs can vary widely, but on average, you might spend between $5,000 to $15,000 depending on the size and materials. Do you know the size of your roof?