A Blueprint for a Successful Home Renovation


Chase Blueprint

Are you thinking about renovating your home or making some much-needed apartment improvements?

Before you decide how you’re going to redo your kitchen or what color tile will go in your master bath, make a plan. Include a schedule and a list of to-dos, but also make sure your plan includes a simple budget. A renovation budget—no matter how big or small—can help you stay on track and feel confident with your spending before, during and after you renovate.

To develop a budget you can actually live with, start with this common equation: What you earn minus what you spend equals what you save.

By knowing these three numbers, you can better understand the maximum amount you are able to put in your savings account and how much you can afford to spend on your renovation.

If your renovation can’t be fully funded by savings, you may find that you need to borrow a portion of the budget. If you decide to use your credit card to borrow against, be proactive about setting up a specific plan to pay your balance back.

Some Chase credit cards have Blueprint—a set of free features that can help you manage your spending and borrowing. It helps Chase card customers save money and pay off a large purchase, like an armoire or a new fridge, faster. Learn more at chase.com/blueprint.

Finally, always review your progress on your home and your budget: The power of knowing where you stand will help give you a happy home and financial peace of mind.

  • Virginia Degner

    I have just finished a renovation of our entire house from roof walls, windows, kitchen, bathrooms, new hardwood floors and new sheet rock and sheering. We did all of the work ourselves and yes it was a mess but oh so wonderful now that it’s done. Doing the house ourselves was a huge challenge the only help we had was the  hardwood flooring we had that put in.
    The  total cost of us doing it ourselves including a steel roof which I just remembered we had put in and didn’t do ourselves, the roof was $26 thousand. So the remaining $24 thousand covered everything else. That included top high end stainless steel appliances .
    We did the work over the past 10 years with lots of stops for travel an living in our mountain retreat 6 months of the year every year so it was not done all at once.
    We both had serious health issues during this time so that also slowed us up but thankfully we are now both healthy and enjoying our freedom from working on the house. It’s wonderful to just come home from a trip and admire it.
    Best of luck to all the handy people out there who do their own thing. I know we have saved over $100,000 by doing it ourselves.
    Virginia Degner author of Without Consent a new romance/ suspense just released.