Whilst the current coronavirus situation is causing the nation to self-isolate, many of us will have extra time on our hands to assess the jobs that need doing in the house. Getting things ticked off your list will not only give you mental satisfaction at finally getting around to doing those jobs, it is also a fantastic opportunity to upgrade your home and add real value. So what steps can you take before calling in the professionals?
Listed below are some basic tips which can help you lower the cost of your home renovation project.
Prepare a budget
Having a budget for your home renovation project is extremely important. It is not uncommon for those without a budget to spend much more than expected. Take into account costs for labour, permits and materials, etc. It’s also wise to add an extra 15% to the estimated cost, which can be held to one side and pay for unforeseen issues and/or materials.
It might sound simple, but paying for your project with money you already have will save you a significant amount of money. It helps because if you were to take out a loan or buy something on a credit card, you could end paying high interest payments.
Do It Yourself
If you are able to carry out some of the renovation tasks on your own, it will help save you money. However, you need to have a realistic awareness of your skills and undertake tasks that you are actually able to do.
For example, if you have never engaged in the task of crack filling before, you better leave this to the professionals. Painting and decorating, on the other hand, can be a more straightforward process that many people feel quite comfortable doing. Whatever your forte, never compromise with the quality and standard of work in order to save money.
Look out for discounts
Cutting down your costs doesn't mean you have to compromise with the quality of work. Keep an eye out for shops offering discounted prices for their over stocked or end of line products. Only buy the products that you need and don't get swayed into buying items because they have heavy discounts.
Take your time
If you have the money, you may take the approach of gutting and renovating your home all at once. The downside to this is that it can be overwhelming as these days the variety of different products and materials on sale can be mindboggling. Rushing through the process (unless you’re lucky enough to have the money to hire an interior designer) could end up with you making costly mistakes that you’ll later regret.
Starting with one or two rooms at a time is the best approach, with the aim of making sure that each room is completely finished before moving onto the next area. Living in a house full of half finished rooms is far from ideal. Also, prioritise what will be the most intensive project and do that first - otherwise it may drag on for years!
On the whole, a home renovation project can be costly. However, if you pay attention to some of these basic tips, you will be able to reduce the costs. If you get stuck with any element of your project call the team at Essex Building and Carpentry on 01708 578 014.
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