A home renovation can dramatically increase the amount of enjoyment you get out of your home. Renovations cost money, and rather than sharing tips on how to not burst your renovation budget, here are our top five tips on how you should spend money on your renovation wisely.
1. It starts with a plan
During the planning phase, the more you can specify up front, the better off you’ll be financially. To avoid surprises, get as detailed as you can. For example, be clear on the interior style that you want for your home or what are the important areas of focus that your interior designer should take note of, etc. The more detailed you are, the fewer surprises and unexpected expenses you are likely to face as the project progresses.
2. Affordable flooring option
Hardwood is generally expensive due to the material cost. Vinyl is a popular option for many homeowners as it closely resembles wood floors. It is definitely an affordable option due to its low installation cost. Also, it is stylish, waterproof, highly durable, and comes in many designs and styles to suit any requirement.
Vinyl flooring has a protective wear layer, which does not need much waxing or polishing, and instead, only requires mopping and sweeping to maintain its as-new appearance.
3. Spend on the right thing
You pay for what you get. Be careful while choosing the materials as cheap ones might be of lower grade. They will be cheaper but will cost you more money in the long run if your renovations deteriorate over time because of them. You will have to spend money to fix them, or worse, you will have to redo your renovation again.
It is important to focus your budget on things that are permanently installed — built-in furnitures, and windows, for example. Another is to also focus on areas that require heavier usage, like the kitchen and bathroom, or living room. These are the areas where homeowners and guests spend the most time, which means details are more likely to be noticed and enjoyed.
4. Get the right help
It’s human nature to get the cheapest offer, but think twice before automatically doing so. It is important for you to pay a proven interior firm who knows how to handle the hiccups that might develop along the way.
It is recommended to have upfront conversations that can help you understand what are the items that are included in the proposal, and what are ideas the interior designer has for your home as they are able to advise on both the aesthetic and functional aspects.
5. Avoid changing your layout
If you’re over budget or are satisfied with the current layout of your home, keeping it the same will keep the renovation costs lower. A home layout makes a great difference to the overall design. For example, open-concept kitchens require the breaking of walls which is an additional cost. Still, it’s up to the homeowner to have upfront conversations with the interior designer about how changes will affect the project’s bottom line.
Even so, there are times when those added costs make sense. If skipping the work means that you have to compromise on the overall result of the project, you have to consider carefully.
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