Get The Bang For Your Buck: Stretching Your Reno Budget!
Easing one’s weary soul into a personal haven of rest is a much sought-after dream. Renovating to achieve it can be expensive, but it doesn’t have to be that way. Having a clear goal in mind, with a carefully planned approach that minimizes unnecessary processes could save you a significant sum! To maximize a more modest budget, prioritizing needs over wants is a prudent move as well. Moreover, investing in good quality workmanship that lasts would do your accounts good in the long run. What are the other methods to maximize your budget in order to get the most bang for your buck? Here are some tips to streamline your reno journey!
- To fail to plan is to plan to fail
To begin your reno journey, have a discussion with your family members to set the agendas for the big makeover. Are you looking for a structural or cosmetic renovation?
A structural renovation involves updating or rearranging elements of the structure of the house. This consists of the hacking and erecting of walls, re-tiling of floors, and the re-orientation of plumbing and wiring. Cosmetic readjustments refer to more superficial projects such as painting, changing up light fixtures, window furnishing, flooring and basic hardware.
If you don’t hate the architectural layout of your home, go for cosmetic reno instead, it’s cheaper and can change the look and feel of your abode significantly.
Consider the length of your inhabitancy too. Imagine giving up a pragmatic move of location just because you want to make the most of your heavily renovated home. Plan ahead to avoid such headaches.
- Reconciling your budget and goals
Whip out your calculator and research on the estimated cost of the aspects of renovation. Thereafter, set realistic budgets to avoid disappointment. For example, major projects that involve the walls and flooring would not correspond to a $10,000 budget. Not sure about the cost for each idea you have in mind? There is where communication with your friendly designers come it!
- Save and splurge in the right places
An impartial division of your budget is a recipe for disaster. Identify areas that would be used more heavily and more lightly, and allocate the budget accordingly. For example, the bathroom and kitchen are the most frequently used places, with the former susceptible to moisture and mildew and the latter exposed to high heat and grease. Countertops are also more frequently used than you think. In comparison, the bedroom and reading room are subjected to minimal wear-and-tear.
- Prepare a buffer for unforeseen hiccups
It’s best to set an extra 15% to your budget. This would come in handy when unexpected pipes and wires show up beneath deconstructed walls, or disintegrating walls behind the 20-year-old kitchen cabinets need to be reworked. Psychologically, it would promote positivity as well! An unused buffer would be money earned. This beats the perspective that unexpected spending are “additional costs”!
- Factor in permit and permit fees
Always confirm for yourself that your renovation stays within the regulations of local codes! For example, HDB’s “Guidelines for Renovation Works” would be a great starting point. Always be in the know, instead of assuming your contractors’ knowledge about the requirements. Insist on a contract that explicitly states what is included and what is not, and how each situation would be addressed. This would eliminate messy situations whereby you are blamed for your home renovation unexpectedly running afoul. Also, flouting of local codes can lead to nightmarish situations of enforced dismantling by the authorities! This forcibly undoes all those expensive reno works!
- Have an open mind for compromises
As the saying goes, change is the only constant. Listen with an open mind about the suggestions given by your contractor or designer, even if they seem to veer off your planned route. They are the connoisseurs, and would know tips and tricks to help you save! At times, they may suggest cheaper alternatives to achieve a similar, albeit not identical look you have in mind. In such cases, it never hurts to consider the pros and cons!
Have a whimsical want for fanciful materials and designs that cost more? You can have them without breaking the bank! The trick is to mix and match. For example, instead of installing granite surfaces in multiple areas, include similar-looking composite counters in some of these designated areas to cut the cost!
- Get to work!
Have you heard the saying, “if you want something done, you’ve gotta do it yourself”? This rings true for renovation projects! Painting the walls and accessorizing the home are easy tasks that ease the cost of renovation, and also provide an opportunities for familial bonding. Moreover, it adds a unique DIY touch to your abode!
- Be far-sighted
Choose long-term benefits over short-term gains! For example, choose quality furniture you know can withstand the rugged use of daily life. Quality not only shines with time, but also grants you peace of mind. They are also more economical than inferior pieces that require replacement for every few years.
Another trick lies in choosing versatile aesthetics. For example, a color as versatile as blue can accompany the growth of your child from childhood to adulthood! Start with a sky-blue shade for the nursery, and add darker accents of royal blue and navy with each year of maturity. This would imbue a subtle hint of masculinity to the interior.
- Opt for elegant consistency instead of diversity
Variety in design and concept would necessitate diversity in materials. Thereafter, a multitude of materials would be more costly than a smaller selection materials bought in larger quantities, as the latter can be bought in bulk at a discount. Moreover, ordering fixtures that are supposedly identical in color from different companies does carry its risks. For example, the definition of “Greige” is open to interpretation and may carry different undertones. Unless you are a spontaneous challenger at heart, odds are that you might not appreciate the unplanned gradient effect that some find disorienting.
Keeping detailing consistent reduces the labor fatigue of your ID workers as well, saving you additional expenses incurred by labor costs!
- Shop Savvy
Scour the internet and furniture places for the best seasonal deals. Most stores will be open to negotiation when multiple items are bought. Many furniture stores also offer attractive deal packages to encourage greater spending.
Don’t be afraid to try shopping online for your resources as well! For example, Taobao and Ezbuy have a reputation for supplying a comprehensive selection of innovative and competitively-priced accessories that add a sparkle to the home. Vintage pieces from second-hand furniture shops are also gems to be uncovered!
- Let it be
The Beatles have got it right for this one. keeping nostalgic areas alone not only retains the sentimental value, but also saves on your renovation costs! Retain the children’s height markings left on the doorframe to create a nurturing and cozy interior. To get started, have a blueprint of your home handy, and mark out the places you would like to keep untouched during the renovation.
- Aestheticize with accessories
Dazzling wallpapers and large pieces of furniture in bold and striking colors would no doubt electrify the room. However, by virtue of the high stimulation they create, visual fatigue could possibly arise. In these cases, changing the wallpaper and buying new furniture would be a costly endeavor.
Opt for interchangeable and quirky accessories against a chic and timeless background instead! When boredom with the aesthetics set in, easily switch these accessories up without touching the big picture.
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