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Pearson + Projects added this to
As we get quotes, pricing for materials, and make purchases – we continually update the budget to make sure that we have the most accurate costs possible. We have done this on all our renovations and kept good records of what we have spent, so we add in known costs where we can to make the budget as accurate as possible. There are software systems available for budgeting renovations, however, we have found that a working document is easiest for us to use together and is more straightforward. All of our spending is recorded on our budge, therefore we have a record to put all our receipts against.