Budget Busters

Just when you think you have everything covered in your budget, think again. You believe that your home has proper electrical and plumbing systems, but until demolition begins you can't be sure (unless you put them in). When finalizing your budget, you should have planned for cost overruns (unexpected conditions while the construction is being completed). Plan for it because it may happen and it is better to be prepared.

On average, allow at least 15-20% of your total budget for cost overruns. If you come in under budget then everyone will be happy! Visit ImproveNet's "Project Planning Guide" for more information and a sample change order form.