Friday, April 1, 2011

Sticking to a budget isn't always fun.

Back to my wish list - I knew I didn’t want to do any of the renovating myself (I had painted walls before and found it to not be worth the hassle), so I asked my family and friends for referrals on handymen and contractors who could do it for me. My mom recommended a local company that she had used a few years back to redo the flooring in our rental property (Greg’s Carpet One Floor & Home in Redondo Beach CA, in case you live in the area), so I went down to their show room to look at wood laminate samples. Once I selected the type I wanted (in this case, the cheapest laminate he had at only $1 per square foot), the owner sent me a work estimate within a few days. My condo is under 700 square feet, so I thought I wouldn’t be paying more than $2,000 for labor plus supplies… but boy was I wrong! The supplies only cost about $700, but labor was so expensive that it brought the total up to $5,000! I asked around, however, and it seems this is a fair price on laminate installation for this size condo. I looked at my budget, did a cost-benefit analysis, and decided that the benefit of having nice, pretty wood laminate floors would not outweigh the cost. So in the end I did not get my floors redone, and now have to live with the old tile (which I realized isn’t all that bad). Trade-offs are a necessary part of staying under budget while renovating or decorating your home, and a cost-benefit analysis is helpful when deciding what to keep and what to drop off the wish list.

Do you have a vendor in your area that you would recommend for flooring?

Recommended Supplier:
Flooring: Greg’s Carpet One Floor & Home
213 S. Pacific Coast Hwy
Redondo Beach, CA 90277
(310) 803-9904
www.gregscarpetoneredondobeach.com

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