How To Manage Your Reno Budget

Staying on top of costs is key to a successful – and profitable – home renovation. Here’s how to do it from start to finish, writes Georgia Madden.

- Georgia Madden

Renovating is a great way to add value, but it’s important to track the numbers as you go along. “Winging it is the worst thing you can do – before you know it, you’re at the end of the project and you’ve spent twice as much as you’d intended,” says Cherie Barber, founder, and CEO of Renovating For Profit.

“Renovating TV shows make it look easy, so people set out thinking it’s going to be a walk in the park,” she says. “They often don’t know how long things take, how much tradies cost or what can slow a reno down. The key is to take the time to do your research before you start, put together a solid budget – and stick to it!”