When budgeting for a project, categorize costs into three main areas: products, preparation, and labor. Products include the flooring, underlayment, and trim. Preparation may involve leveling, moisture remediation, or furniture moving services. Labor costs account for the complexity of the installation, pattern matching, and room layout. It is also standard practice to include a 5-10% buffer for material waste to account for mistakes or irregular room shapes during the installation phase.

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