Consumer Alert: Remodeling budgets

<p>Americans spent a record amount of money last year on renovating their homes, and surveys show that many spent even more than they originally planned.</p>

News 12 Staff

Oct 13, 2017, 10:35 AM

Updated 2,387 days ago

Share:

Americans spent a record amount of money last year on renovating their homes, and surveys show that many spent even more than they originally planned.
Experts say that for a renovation without aggravation, the key could be planning ahead. 
“One big thing that people can do to avoid blowing their budget is to know what they want and stick to that,” Paul Hope, Consumer Reports’ home editor, said. “When we polled contractors separately, they told us the single biggest mistake they saw homeowners make was actually changing their minds in the middle of the remodel.”
Here are some other ways to avoid breaking a remodeling budget:
  • Check the contractor's credentials. Consumer Reports found one in five were not properly registered or insured.
  • Get it in writing. The contract should spell out the scope of work, itemized pricing and the specific time frame for completion.
  • If buying the project materials, shop around. Consumer Reports found that big box stores were not always best. 
  • Have realistic expectations.
Experts say that the bigger the project is, the more likely something will go wrong along the way.
“It’s very easy to go past schedule. Although I think people are starting to get the message that remodels take a while. And 60 percent of the people in our survey said their remodels didn’t take longer than they planned,” Hope said.


More from News 12
Tractor-trailer crashes into 100-year-old Cedar Grove pharmacy

Tractor-trailer crashes into 100-year-old Cedar Grove pharmacy

0:29
MTA outlines new details on congestion pricing, including start date

MTA outlines new details on congestion pricing, including start date

1:23
Beautiful, sunny afternoon for New Jersey; scattered showers expected this weekend

Beautiful, sunny afternoon for New Jersey; scattered showers expected this weekend

1:53
Shop Mother’s Day Gifts – Exclusive Offers Up to 75% OFF!

Shop Mother’s Day Gifts – Exclusive Offers Up to 75% OFF!

0:31
Police: Former Giants lineman Korey Cunningham, 28, found dead in Clifton home

Police: Former Giants lineman Korey Cunningham, 28, found dead in Clifton home

1:21
SUV crashes through Dunkin' in Old Bridge

SUV crashes through Dunkin' in Old Bridge

0:23
North Wildwood approved for emergency beach replenishment

North Wildwood approved for emergency beach replenishment

0:52
Clothesline Project raises awareness of sexual assault survivors

Clothesline Project raises awareness of sexual assault survivors

0:42
Police: 3 women accused of stealing nearly $600 worth of merchandise from Target

Police: 3 women accused of stealing nearly $600 worth of merchandise from Target

2:17
South Brunswick implements plan to prevent fatal crashes

South Brunswick implements plan to prevent fatal crashes

2:28
Main Street New Jersey: Showcasing the best of North Brunswick

Main Street New Jersey: Showcasing the best of North Brunswick

0:28
Former Carteret middle school teacher accused of sexually assaulting student

Former Carteret middle school teacher accused of sexually assaulting student

0:42
Former NJ national guardsman who set off large FBI manhunt pleads guilty to capitol riot charges

Former NJ national guardsman who set off large FBI manhunt pleads guilty to capitol riot charges

0:33
Somerville man indicted in murder of high school classmate

Somerville man indicted in murder of high school classmate

0:27
Police: Bronx man beaten, stabbed at Showboat Resort Atlantic City; 1 arrested

Police: Bronx man beaten, stabbed at Showboat Resort Atlantic City; 1 arrested

2:09
Paws & Pals: Bogey now up for adoption with JerseyGirls Animal Rescue

Paws & Pals: Bogey now up for adoption with JerseyGirls Animal Rescue

1:37
Guide: How to dispose of prescription medicines in Connecticut, New Jersey and New York

Guide: How to dispose of prescription medicines in Connecticut, New Jersey and New York

0:23
New York Giants add explosive receiving threat, taking Malik Nabers of LSU at No. 6 in NFL draft

New York Giants add explosive receiving threat, taking Malik Nabers of LSU at No. 6 in NFL draft

0:17
Jets trade down a spot, take Penn State offensive tackle Olu Fashanu at No. 11 in NFL draft

Jets trade down a spot, take Penn State offensive tackle Olu Fashanu at No. 11 in NFL draft

2:34
KIYC: NJ mayors call for tougher penalties for young criminals, but are juvenile crime stats increasing?

KIYC: NJ mayors call for tougher penalties for young criminals, but are juvenile crime stats increasing?