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Everybody Loves Your Money
Everybody Loves Your Money
Business
Brandon Marcus

6 Signs You’re About to Spend Too Much Money Renovating Your Home

6 Signs You’re About to Spend Too Much Money Renovating Your Home
A renovation budget can quickly balloon when optional upgrades, expanding project scopes and unnecessary luxury features pile up. Keep the original goal in sight and separate essential repairs from tempting extras – Shutterstock

A home renovation can start with a perfectly sensible goal and somehow end with a bathtub that costs more than the family car. The danger usually appears when a practical project quietly turns into a parade of upgrades, custom touches and “while we’re at it” decisions that push the budget far beyond the original plan.

Spending more does not automatically mean making a bad decision. A new roof, electrical work or a failing plumbing system can justify a serious investment, while a luxury backsplash probably does not require a second mortgage. The trick involves recognizing when a renovation improves the house in a meaningful way and when the project simply keeps getting fancier because nobody wants to say, “That’s enough.”

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