Coming into this time of year, it’s only natural that we find ourselves curled up on the couch more, and with it we may ponder whether it’s time to put down a new carpet or replace those lime coloured tiles in the bathroom. If your house is in desperate need of a facelift, you’ll be thinking about renovating. However, like any great home renovation show, it can be very easy to blow your budget if you don’t keep your finances under control. Here’s a quick-fire list of the most important things you need to consider to maximise your budget.
Fail to prepare, and you prepare to fail
The first step to making your renovations a success is by drawing up a plan of what you want to achieve. If it’s giving your kitchen a more contemporary look, which will add value to your home, you’ll want to find out all the necessary costs involved. If your overall plan includes buying new fittings and appliances, it’s worth getting quotes from a range of local businesses to get the best price. As it’s likely you’ll go over budget, add an extra 25 per cent buffer on top, for any unexpected expenses. To help you, why not look at a Personal Loan to fund your renovations.
Get your hands dirty
One way of making some valuable savings is by doing some of the work yourself. If you’ve got a tradesman that you’re looking to use, why not ask them about what pre-work you can do before they start. They may suggest you clear out any rubbish from the area you’re renovating, pulling up old carpet or sanding back surfaces to save yourself some dollars.
Call in a professional
If you’ve seen enough of The Block or Better Homes and Gardens, you may be tempted to do the whole renovation yourself. But when it comes to electrics and plumbing, it is much safer to get in a professional and experienced tradesperson. You won’t only save yourself time and money, but also avoid a potential accident from it being done correctly.
Think sustainably
Renovating doesn’t need to cost the earth, and by being sustainable, you can add some warmth and character to your home. Buy, swap and sell groups online are wonderful sources to pick up quirky furnishings for your home at bargain prices. You may also know of a relative or friend, who’s got some hard wood that can be transformed into a coffee table or countertop – giving you a refreshing new look to your home.
Fund your renovation dreams by talking to us today about a Personal Loan.