How To Stretch Your Home Renovation Budget 

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You’ve been saving for some months, and with what you’ve accumulated, it’s safe to say it’s renovation time! Many homeowners believe that once they’ve made a budget, they must use all the resources to make their renovation a success. However, the truth is that it is possible to still have a successful renovation project without blasting through your budget. This is because there are some elements you’ll need that might not be as expensive as you thought. This post breaks down budget management regarding renovations. It offers tips on the best and most sensible ways to stretch a home renovation budget while maintaining quality output. 

  1. Do it yourself 

Yes, the DIY method isn’t only for cooking. The best way to save money is to do some renovation tasks yourself. Doing it yourself eliminates the labour cost, leaving you to think only about tools and materials, like where to buy Tile and Bath Co bathroom tiles, for instance. Some simple renovation tasks you can pick up include painting, tiling, and filling in holes. These don’t require extensive skills and can be done with ease. For other tasks such as electrics and plumbing, experts advise that you get external help to ensure sustainability. The trick to effective DIY is to stick to your skillset and outsource the rest. Messing up a DIY project will most likely cost you more than you would have paid a professional in the first place. 

  1. Don’t change your mind

Changing your mind, in this instance, has to do with the renovation process. Once you’ve moved away from the planning phase into actual implementation, the fewer changes you make, the better for you and your budget. The key to a successful project is first settling on your why. Why are you renovating the home? Once you’ve found a suitable answer, the next question to ask is what? The question enables you to define the scope of your renovation, the professionals you’ll need to call and how the process will unravel. Will your renovation affect the entire home or only specific spaces? What are your expectations, and does your budget adequately cover these set expectations? Setting clear goals right from the planning stage reduces delays, which might be costly. 

  1. Choose affordable materials

It is important to note that affordable material doesn’t mean it’s cheap or weak in quality. You can be proud of your renovation without breaking the bank. A typical example is your finishes. Instead of opting for high-end materials like marble or granite, you could consider laminated countertops or quartz, which are both great at the job but less expensive. 

To find the best option of materials connected to your budget, it is smart to work hand in hand with contractors. Look at three different material options and choose from these using durability, quality and price as your determining factors. In construction and renovations, experts say there’s no substitute for experience, which is it’s important to rely on the knowledge of specialist builders throughout your decision-making process. 

  1. Don’t renovate 

It’s not what you think. This goes back to the first point of finding out your why? Undertake a thorough assessment of your home and the spaces you want to renovate. Ask yourself whether the renovation of these spaces is a want or a need. Some of them might need a refresh, not an entire renovation. Refreshing a space instead of renovating it can save you thousands of dollars. Refreshing might look like painting the ceilings and walls of select spaces, sanding your floors, or painting over the original floorboards. To add a little more price to the process, you might consider updating your sinks and door handles, splashbacks or taps. 

  1. Communicate

It would be best to come clean with your expectations and needs upfront. This is the best way to spend less time and money on a project. When starting, be clear on everything you’ll need; this will set a clear foundation for your specialists to work. Open and clear communication enables contractors to understand what they’re looking and paying for, and this prevents them from overspending. The best way to ensure your communication is always open and clear is to set up as a project manager. This puts you in full control of the project and allows you to maintain control of the budget and where every cent goes. It can save you a lot of money and ensure a personalized output is achieved since you’re always aware of any additions. 

Using these tips on your renovation project might start tough, but you will reap great rewards when done right. 

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