With visions of tearing off moldy wallpaper and ripping up chipped tiles, you’re chomping on the bit to revamp an out-dated bathroom. You saved up, spoke to the professionals, studied DIY techniques, and crafted a plan. You know exactly what you’re going to do and how long it will take you to transform your ugly bathroom into a refined oasis.
There’s just something wrong with that picture. Your swing of the sledgehammer reveals significant water damage and the beginning of a serious black mold infestation.
What do you do? You have a couple of options.
The Experts Recommend Saving a Cushion
One of the biggest mistakes homeowners make is forgetting that most renos go wrong. That’s according to The Property Brothers stars Drew and Jonathan Scott. They recommend upping your budget with at least 10% to act as a cushion.
This 10% is in addition to the cost of labor, materials, and permits. If you have an older home, you may increase this amount just to be safe.
Although it may push…