Whichever way you slice it, home renovation projects require lots of time and money. That’s not to put you off doing a renovation altogether. Indeed, there are plenty of reasons that warrant a big overhaul, whether it’s because you need more space because you want to add value to your home or simply because you want a change.
Before you embark upon your project, make sure you know how much time and money it’s going to require. Setting a home renovation budget is of the utmost importance if you don’t want to be faced with an eye-watering sum at the end.
What to consider when formulating a budget
When calculating your budget, decide what jobs you want to be carried out and which ones you want to prioritise. An easy way to do this is to consider what tasks are suitable for which seasons and which of your wants and needs are more urgent.
Of course, the renovation project doesn’t end once the construction workers leave. You’re going to want to spend a decent amount of money on updating the interior and decoration. And remember, it’s always better to invest in great quality furnishings once rather than pay again and again to replace cheaper models.
Finally, include a financial buffer so you can deal with any unexpected costs if and when they crop up. Work a contingency into your budget – setting it 20% higher than the amount you think you’ll actually need, so you’re completely covered for every eventuality.
Vet your contractors
Hiring a construction company for the first time? Make sure you investigate their track record to ensure they’re reliable and will finish the job on time and to budget. Read reviews and speak to others who have hired them.
Broaden your options too, getting quotes from at least 3 companies in order to compare and weigh up your options.
Look out for deals
Furnishing your house can be an expensive business. However, it doesn’t have to be that way if you simply shop smart! Charity shops and second-hand stores are particularly good for affordable furniture and they often have some great quality pieces.
Alternatively, if you want something brand new, scour the internet for great Argos discount codes that will give you a great price for quality furniture that you’ll use and treasure for a lifetime.
Do it yourself where possible
You need to be a bit smart with this one; obviously don’t start knocking walls down and rebuilding core structures of the house. However, there are plenty of jobs that you can do yourself!
Leave the electrics and plumbing to the construction professionals whilst you busy yourself tiling your bathroom or kitchen in a style that pleases you, using stencils to create pretty patterns on the walls, painting your bedroom a brand new shade or erecting storage cupboards that will keep the mess at bay.
[disclosure*]