A 2025 survey found 65% of homeowners exceed renovation budgets by 10% due to material upgrades and scope changes. In Toronto, aging homes often reveal hidden issues, requiring a 10-15% contingency reserve. Unpermitted work leads to costly fixes. Setting fixed scopes, requiring permits, capping material budgets, and comparing detailed quotes help control costs. Coordinated project management reduces delays and overruns. Planning thoroughly is key to staying on budget.
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