Home renovation projects frequently consume a significant amount of one’s budget. However, there are many ways you can renovate without breaking the budget. With careful planning and strategic choices, you may be able to breathe new life into your living space without breaking the bank. Here are some ways you can cut costs while making your dream house come true.
Know your needs and plan them out first
Without ‘well-cooked’ plans, you will never get ideal results. This phase will require you to examine your budget and picture your renovation project to get an idea of how your house will look.
Start by checking up on the area of your home where you want to improve first, and work your way up from there. If you have the time and are comfortable with a pencil, do a rough sketch and a mind map on a sheet of paper before submitting it to technicians or specialists.
Doing so will help you present your ideas to the renovation professionals. In turn, they will inform you how much the entire remodelling will cost you. This plan will help you prevent spending unnecessary materials that may blow your budget.
Set your realistic budget
We recommend that you estimate the final budget by looking at what needs to be added, removed, or fixed. If one of the things you wish to renovate exceeds the budget you’ve set, arrange your concerns according to importance and postpone the ones at the bottom.
Alternatively, you can borrow money, especially from private money lenders in Singapore, in the meantime. This will assist you in setting a budget.
Aside from all that, we strongly advise you to consider the following:
- Budget an extra 10–25% for miscellaneous contingencies to cover unexpected costs during renovation. Any removal, such as mould or asbestos, is likely to occur during the renovation. These costs, however, cannot be halved, let alone lowered, if your renovation goal is to waterproof your home.
- Think about rental property. This is required if you are doing a large-scale renovation that requires your temporary relocation.
- Storage. This is required if you are doing a large-scale renovation that requires your temporary relocation.
Compare and negotiate prices
Purchasing appliances, hardware, and hiring contractors must be carefully considered if you do not want to go over budget. You must be able to spend time researching, hunting, and comparing one store to another in order to find the best offers and (if you’re lucky) discounts.
Be confident and reasonable while negotiating with contractors to get the best deals. By doing so, contractors or designers will most likely provide you with many choices that are generally better and more innovative.
Explore DIY and upcycling materials
Perhaps you are a creative person who is conscious of sustainable resources. On top of helping the environment, it can also help you save money by cutting corners rather than spending more money.
You can do smaller tasks, such as painting, restoring door knobs, or pulling up carpet, by yourself. Handcrafting with heart will help these decorations make your house feel more like home.
Set the timing
We can’t deny that house renovations may cause unanticipated delays. Whether it’s because of bad weather, sick workers, or a delay in materials arriving, prices are rising as a result of paying housing rent and paying workers on time.
Please schedule your renovations during off-peak seasons to get lower costs from contractors and designers. Be direct with the merchant or contractors with whom you deal. We also recommend that you give them a deadline.
Conclusion
Realising your dream home or upgrading your home needs creative, strategic, and financial forethought. Once you’ve gone through these, you can have a renovated living area without breaking the bank or your budget. So, are you ready to make your dream home a reality? There’s no better time to start planning than now.
