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It’s no secret that home renovations involve a lot of time — and a lot of money. Whether you’re dreaming of a new kitchen or want to remodel your bathroom, experts agree you will need to conduct thorough research on the extent of the project and the cost, as it will probably take a good chunk of money out of your savings.
Indeed, homeowners are spending a lot on home maintenance. A new GOBankingRates survey found that almost 20% of respondents spent more than $7,000 last year on home renovations, with 12% spending $7,001 to $10,000 and 8% spending more than $10,000.
“That’s not the answer most people want to hear, but you have to really do a comprehensive and realistic research, including not just the cost to do the work and the materials but also any permits, inspections and other administrative costs that can get very pricey, ”
