Residential design services in Sutherland Shire with tips on setting your renovation budget

When it comes to home renovations, our experts in residential design in the Sutherland Shire know that it’s vital to set an obtainable budget for this major expense.

So here our new home designers in Penshurst share 5 tips to help you with setting a home renovation budget:

1. Visualise your project:

Gaining a big picture will also guide you through the renovation process, keep you on track and prevent you from spending unnecessarily. A solid plan also helps deter renovation surprises that can pop up along the way, resulting in additional costs that could break the bank. 

2.  Set a realistic budget

Before you start turning your renovation dream into reality you need to have a set dollar number in mind to work with. Better known as ‘your budget’! A lot of people cringe when they hear this word but it’s crucial to set a realistic renovation budget if not you’ll end up breaking the bank! When setting a budget don’t forget to factor in these three neglected expenses:

- Rental property: If you’re undertaking a large scale renovation you may have to move out during the process, and renting a place isn’t cheap.
- Eating out: Knocking out a kitchen and redesigning a new, modern, chic one is a common practice but don’t forget eating out adds up.
- Storage: With extensive renovations you’ll need to store the contents of your home in a secure place, so don’t forget to factor this into your budget.

3. Contingency

To really avoid breaking the bank, build a 10% contingency into your budget to cover unexpected costs or overspending. You never know what can arise during the project so be prepared for surprises that will cost you money.

Contact Go Design Solutions today, the experts in drafting for residential extensions in the Sutherland Shire and StGeorge.