5 Ways to Manage Your Home Renovation Costs

The last thing you want as a home renovator is a budget blow-out. Before you crunch the numbers, check out these expert hints for keeping your home renovation costs under wraps throughout the building process.

1. Traditional architect vs design/build model.

The traditional renovation process typically sees homeowners consult an architect for design work and then go to a builder. Often homeowners find this method results in price discrepancies. By delivering both processes together (design/build model) prices can be checked at each stage of the project.

2. Firm up your selections before the build starts.

Research your preferred inclusions (style and quality of fittings, fixtures, appliances) before the building process begins. Doing this often results in less cost variations and design changes later on, paving the way for a smooth more-efficient renovation timeline.

3. Stick to your selections budgets.

Keeping to the decided price range for your selections is paramount to managing your costs. If you have allowed $300 for your bathroom tap set, then avoid upgrading to a fixture priced above this selections budget.

4. Minimise changes throughout the build.

Put simply, the less building changes you make throughout the renovation process, the less costs you will incur. Any changes once you reach building stage will likely require additional tradespeople, fixtures and fittings you hadn’t planned for and potentially delay the project’s finishing date too.

5. Avoid surprises by using an online house renovation and home extension calculator.

Take your costs planning to the next level by getting an instant online renovations costs estimate. To better manage your home renovations costs, you can try our free online renovation costs calculator.

 Contact The Makeover Group for advice and ideas to plan your next Melbourne home renovation.

Richard Armstrong is a director of Melbourne firm The Makeover Group.

With more than a decade of home-renovation experience, Richard has helped hundreds of Melbourne clients modernise their homes to create spaces that better suit their lifestyle.