Busting the budget is everyone's biggest fear when it comes to renovation. And with good reason. Even if you follow the essential advice we've been doling out for years—build in a 20 percent cushion to cover the nasty surprises, get contractor references and check them, banish the words "while you're at it" from your vocabulary—it's hard not to end up shelling out more than you want to, even if you want to pen a check for a million bucks.
But why scale back a project or forgo that Viking range? No, what you need to do is get your dream at a price you can afford. And not by cheaping out, either. With some strategic thinking about design, materials, and timing, you can cut costs without cutting corners. On the following pages, we'll show you the ways, from the big (knock down the house and start over) to something as small as choosing a wall sconce over a recessed light. But another universal truth about renovations is that every little thing adds up. So save a little here, save a little there, and pretty soon you're talking about real money.