One of the biggest challenges of renovating is managing the budget. It’s inevitable that the total cost will be more than planned, so finding places where savings can be made is common sense. Here are some tips for knowing when to scrimp and when to spend:
- Never scrimp on something that you can’t easily replace. For example – changing floors requires the whole house to be empty. It’s not something you can do casually over a weekend. Therefor it makes sense to spend on good quality flooring that will stand the test of time.
- Never scrimp on items of safety. For example – Electrical work. The damage from poor workmanship could extend further than your house.
- Never scrimp on prep-work. For example – sorting drainage before starting hard landscaping. It can be a bore and often the costs are for items never seen, but it does ensure the end result is a good one. Scrimping on planning will cost you more in the long run.
- You can save on items by doing them over a longer time frame. For example – do your window finishings one room at a time. Starting with curtains or blinds in rooms that require privacy or light control.
- You can save on items by making them yourself. For example – built in furniture. It might take longer but you often get a better result because the furniture is made to fit your specific space. You save money by not buying a furniture piece that in time gets discarded and you add value to your home.
- You can save on items by shopping around. For example – waiting for a sale. Before purchasing your dream couch, shop around and decide what you want Then wait patiently. Shops may also give a discount if you purchase more than one item with them.