A renovation can be a herculean task, especially for first-timers. This can potentially become one of the most expensive projects that you will deal with because the costs add up quickly. Many renovators are going over their original budget! In fact, 50% of all renovations run over time and over budget.
Don’t worry. With careful planning and know-how, you can avoid overspending and cut the cost of renovating your house.
Carefully planning your reno
A renovation is something that you wouldn’t do on a whim. It requires careful planning.
Think of it as your much-anticipated cross-country road trip. You need to decide on your destination, map out the routes, anticipate the obstacles that you might encounter along the way, and get ready for the journey 1
Planning your renovation is the most crucial step in the construction process. Sadly, it is also the most overlooked.
Avoid making the same mistake. Approach your upcoming renovation with a plan to:
- Ensure everything conforms to the building standards and codes
- Make sure it runs smoothly and follows the schedule
- Foresee the risks and counter them accordingly
- Avoid frustrations
- Reduce construction costs, and
- Keep the project within your budget
Setting a budget for your renovation
Not setting a budget for your renovation is like sailing the seas without a clear destination. One day, you’ll realise that you’re far from land and you don’t know when the journey will end.
When asked, a lot of first-time renovators will say that they don’t have a final budget for their renovation. It’s because they don’t know how much a renovation costs and they don’t know if they can afford to do it.
Here at Superdraft, we strongly advise that you start planning your renovation with a budget in mind.
Your budget determines the feasibility of your project. If you don’t have enough funds to do what you want to do, consider limiting the scope of your project.
Your budget helps you make crucial design decisions. Upgrades, especially in building materials, will increase costs. Knowing that you can’t afford a natural stone countertop in your kitchen right now will convince you to choose a more affordable option.
Having a defined budget also saves time. If you told us that your budget for an average-sized bathroom reno is $15,000 — we already know that you are going to do a mid-range bathroom renovation.
A Superdraft designer can help you choose the right building materials, fixtures, and fittings that fall in this price range. Shopping will be quicker and more efficient and our guidance will ensure you choose products within your budgeted amount
Designing a sustainable home
You should consider making your home sustainable and energy-efficient as early as now.
Imagine living in a newly renovated house that’s comfortable all year round, has better indoor air quality, has better views, recycles water, and consumes less electricity.
Sustainable homes allow its occupants to live better and love their homes longer. It is worth every dollar you spend on your renovation.
Undergoing a home renovation project is a difficult process, especially if you try to do it alone. In the next part of this blog, we will talk about how the guidance from renovation experts can help you cut costs on your renovation.
Don’t miss our next part of the series where we cover how to build the right team for your reno, project coordination, the importance of being flexible with design choices and provide advice on ways to repurpose and reuse to save money on your renovation.