There is no doubt about it; renovations can be expensive and many people find their renovation budget is simply shot to pieces by the time they’ve finished. But renovating the house can save the costs and effort of moving to another one, so if you don’t want to call the removalist just yet it has to be done.
To avoid a budget blowout it is important to plan out your renovation carefully, costing each stage and component and don’t make any changes to the plans halfway through. Experts tell us that there is a time to save and a time to splurge. Knowing which and when can save you heaps.
What to splurge on
The time to splurge is when something that is essential to your home needs repair or an upgrade. Often this may not even be visible. For instance, if you are renovating some part of the home and come across subpar structural elements. Or you might be tempted to save on the cost of joists and bearers. Don’t do it. Your home must meet all the Australian Standards requirements to be safe. It will not be passed if you don’t do it properly, but even more importantly it may not stand up to the next big storm.
Having your roof blow off because you didn’t want to spend the money to build it properly will cost you more than doing it properly in the first place. Getting an unlicensed plumber to ‘fix’ that plumbing can cost more in the long run. The same goes for any other kind of renovation. So just where should you try to save?
Where to save
Saving can best be done by choosing things such as tiles with care. Most really expensive tiles are more attractive than the plain ones. You don’t have to go without entirely; often having just a few expensive tiles interspersed with plainer ones shows them up to better effect – and saves a great deal of money.
Recycling can help
Sometimes you can save on furniture and other elements of the renovation if you love recycling. There are many bargains to be found at recycling shops for building supplies. Doors, windows, counter tops, towel rails, tiles, shelving and many other things taken out of homes that are being pulled down might be just right for your renovations. But be sure to take the measurements you need before you go looking.
So by spending where you have to and saving where you can, those renovations are sure to be successfully completed with your budget still intact. That way you won’t have to worry about not being able to finish what you started, or feel guilty that you did the wrong thing or spent more than you could afford.