Compromise and the Budget
While I wait for the plumber to work us into his schedule, it gives me time to work on the budget. Budgets are a necessary component of any remodeling project. Without one you can find yourself seriously overspending or running out of money before the project is finished. The goal is to improve, but not over improve and still be able to balance your checkbook.
With the suggestion that we remodel both bathrooms at the same time it made me realize that now the budget for things like cabinetry, sinks, faucets and countertops would double. Instead of two sinks, now I need four and four faucets to go with those sinks, two countertops, more cabinetry, more lighting, more tile etc. While we are saving money on the labor for the plumber the rest is starting to add up.
I could go ahead and budget for both, but this would force me to split the budget in half, and sacrifice the quality and look of what I was initially trying to achieve. Would I be happy with this decision down the road or will I always look at the bathrooms and regret the choices I was forced to make to stay within the budget?
Making compromises to stay within the budget is not a bad thing; it forces you to prioritize what really matters. Let’s say you find a picture of a faucet that you absolutely love and after some research you find out it’s a $1,000 faucet. I’ll compromise on that and look for something similar in a lower price point. And after you have found your less costly faucet you may have something left in the budget to splurge on!
I’m leaning towards ignoring the plumber’s suggestion and putting off the upstairs bathroom for now. This will allow me to make choices that I know I’ll be happy with in the main floor bath. Let’s just hope when we do start work on the upstairs there aren’t any plumbing disasters.
Authored by Wendy Anderson on September 17, 2012 - 8:00am