Halve Your Renovation Costs With Our Money Saving Guide

Whether you are renovating a property from scratch, or are extending the home you live in; money will be the first thing on your mind. You are going to be spending a lot of money on your project, so you need to be sure you are doing the right thing. You will be tempted to cut costs, but this can be dangerous. You don’t want to end up with a money pit, after all. However, there are ways you can save money, and we are here to tell you how.

Set yourself a budget

Use a remodelling calculator, and then plan according to your budget. Don’t go into a showroom and be tempted by the salesman’s patter, or look on in envy at a bathroom suite that you know is beyond your means. Stand firm, know what you have to spend and stick within your budget.

Shop around for a loan

Unless you have the money already sitting in your bank account, you will probably consider taking out a loan. However, choose a payment plan that suits your budget and shop around for something with low interest. You don’t want to get into debt, so choose wisely.

Plan for the unexpected

When building work commences, there will be unexpected problems that arise. As part of your budget, make a contingency fund to cover potential problems. If everything goes well, you will also have some extra money to play with after building work has finished.

Hire the best people

There are many cowboy builders out there who will try and rip you off, and make a bad job of your property. Go online and consider trusted firms such as DLL Contracting, or speak to friends and neighbors for their recommendations.

Employ an architect

An architect will help you avoid costly mistakes, and give you guidance into cost-effective ways to get the look you want from the property. They may even manage the project for you, ensuring the work is carried out to the highest level.

Get a quote

You need to shop around for quotes, not estimates. A quote is the actual price you will pay the building firm, an estimate will likely be less than you end up paying. Shop around for the best quote, and negotiate when possible.

Make it winter-proof

You want something built to last, so making sure the renovation is winter-proof will save you further money when the cold weather settles in. Making it eco-friendly, such as adding insulation, will cut down on energy bills as well.

Don’t be fickle

There will be times when your plans may have to alter, but if you keep changing your mind after work has begun, you are going to incur further costs. Stick to your plan where possible, or you will be paying the building crew for longer.

Take on the smaller tasks

Finally, you can add some of the finishing touches yourself. From decorating the walls to sanding the floor, you may have the skills needed without having to hire further professionals.

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