Can I track my renovation budget?

Absolutely! RenoCanvas includes powerful budget tracking tools to help you stay on top of renovation costs and avoid surprises.

Setting Up Your Budget

1. Open your project and click "Budget" in the navigation
2. Enter your total budget amount
3. Add categories (Materials, Labor, Permits, etc.)
4. Set budget allocations for each category

Tracking Costs

• Add line items with estimated and actual costs
• Link products directly to budget items
• Import costs from uploaded quotes
• Track payments and remaining balances

Budget Features

• Progress Bars: Visual indicators of spending vs. budget
• Alerts: Notifications when approaching budget limits
• Reports: Detailed breakdowns by category and room
• Comparison: Estimated vs. actual cost analysis

Pro Tips

Contingency Buffer:

Start with a 10-15% contingency buffer for unexpected costs. Renovations often uncover hidden issues that need addressing.

Update Regularly:

Keep your budget current by updating actual costs as invoices come in.

Track Everything:

Include small expenses—they add up quickly.

Budget Reports

Generate reports showing:

• Spending by category
• Estimated vs. actual by line item
• Timeline of expenses
• Projected final cost