The Most Common Remodeling Budget Mistakes
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Still in the planning stage and wondering what to avoid? To get a renovation completed without a hitch is no easy feat - and when it comes to financial matters, this is only more true. It’s important to be prepared and realistic when dealing with those inevitable problems. Here are 3 key things to avoid when it comes to managing your money.
1. Not leaving room for leeway
The nature of a renovation is that you often don’t discover the full extent of the work necessary until the work is already well underway! Maybe you’ve discovered structural damage or simply underestimated the complexity of the required rewiring. A remodel is fundamentally a process - this means it does and will change nature as you go along. Bear this in mind when estimating figures and keep a buffer above what you imagine you’ll spend. Even if a contractor has given you a rough estimate for a job, some complications are unforeseeable.
2. Committing too early to particular products
It’s very tempting to jump right onto funner stages of a renovation, like picking out furniture or looking through paint samples. But doing this as step one is bound to leave you in a bit of a pickle down the track. Don’t get your heart set on certain bathroom tiles or refrigerators if you haven’t done all the measurements or sought contractor advice about their suitability to your space. And don’t rush into buying accessories or furniture too early - this can come later, when you’re a lot more settled on the project as a whole and are sure your spending isn’t going to waste.
3. Overlooking essential paperwork
Do you need council planning permission? Don’t risk going against the law in what may prove a costly or at least inconvenient brush-in with the powers-that-be. Restrictions may surprise you - for example, you may be unaware of the environmental and water-saving regulations which apply to your area. Even if violations don’t attract fines, it can be a pain to have to put unexpected delays on work and this might incur implicit costs, such as if you are paying for external accommodation during the project’s duration.
Nervous to attempt some DIY? Not to worry - Service Central can connect you with top-quality tradespeople and services in your local area. Just post your job to receive three free no-obligation quotes from qualified professionals today!
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