Monday, December 3, 2012

The Slippery Slope

We intend to remodel this house for profit, but it is still our home in the meantime. Sometimes it's hard to separate what we want from what we should get, because we'll have to live with it until we sell. There are some bigger projects, fueled by Pinterest inspiration, that would be too much of an investment of time and money considering we will move soon. Even if we were staying, its hard to draw the line at what is jsut right and what is excessive. Even stranger, once we have gone over budget on something, there a feeling that we may as well just destroy the budget, because it's already broken. Of course, this is a slippery slope.

I've begun looking at everything as percentages instead of dollars. Though a light fixture may be only $20 over budget, if the original budget was $40, that's a 50% increase. Items as cheap as a couple bucks are still subject to this rule. By ignoring whether or not I think we have the extra money for it and sticking to how much the percentage increases, it's easier to stay on track and not justify unnecessary spending.

 I also have to make some sacrifices on what I think it perfect versus what will work. I'm not crazy about our bathroom floors, but they were way under budget and objectively look great. I may not have gotten them if we intended to stay, but they were perfect for updating. Though some of those touches or fancier finishes would be nice and might help sell the house, they are unlikely to increase its value. The common saying "if it isn't broke, don't fix it" has become our motto as we continue to finish renovations. As much as I would like built-ins next to the fireplace, a glass mosaic and steel tile backsplash in the kitchen and a completely new master bath, none of these things are necessary.