Whether you’re starting a self-build project or renovating an existing property, one of the most important aspects of carrying out home improvements is making sure you come up with a realistic budget – and actually stick to it.
Where the budget is concerned, remember that it shouldn’t be a fixed entity and you should review it constantly in line with what you’re having done at home in order to make sure you stay within your financial parameters.
Be prepared for your plans to change as the work progresses and make sure you take this into account when thinking about your budget and what you can and can’t afford.
That being said, you should always have a contingency fund in place in case something goes awry – and there is always the potential for this. There could be all sorts of issues that you haven’t thought of that become apparent as the work progresses, so add an extra ten per cent to your budget to cover this just in case.
Being flexible is also advisable if you’re determined to stick within your budget. You might have an idea of what you want your dream house to look like but always consider what you can and can’t afford. Even if you have your heart set on something, it might be that it costs more than you initially thought – so be prepared to make a few changes here and there if necessary.
Doing some of the work yourself can really help you stay within budget but again, be realistic when it comes to your skills and experience in this regard. What you don’t want to do is try and do something to your house and cause more problems than you started with, problems that could cost you more in the long run than if you’d just brought the professional builders in first of all.
Trying to reuse materials wherever and whenever you can is also a great way of achieving your house goals without spending too much money. For example, if you’re redoing the kitchen and you think the cabinets are still in good condition, why don’t you reface the doors to elevate the style or change the handles to make it look like new? This would be far more cost-effective than ripping out working cabinets to replace them with something else.
Another good tip is to wait for sales for certain items so keep an eye on local hardware stores and bigger nationwide shops to see what deals you can take advantage of.
And when it comes to jobs like redoing the bathroom or the kitchen, consider leaving the likes of ovens, bathtubs and sinks exactly where they are and designing around them. It will be a lot more expensive to move these around the room as you’ll have to buy more materials and pay for someone to do the work.
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