Residential drafting services in Sydney explain tips for working out your renovation budget

It is virtually impossible to get your budget spot on before you take the next step of calling in a designer, as you don’t really know what your requirements are. However it is a great idea to work our a ball-park figure because the designs, as created by our residential drafting services team in Sydney are often determined by budget

In saying that, it’s not always easy to know what your requirements are until you’ve spoken to a designer and drafting company such as our residential drafting services in Sydney. However, you should have some idea of the amount you wish to spend as the designs they create for you are often determined by budget.

When it comes to renovating your home, it’s a must to create a guide of what you can work with upfront. Speak to your bank, check your savings and work out what you need to store away for future emergencies.

Just be sure to not put every cent you have into your project. More often that not, you will encounter extra costs you may not have budgeted for. When you figure out how much money you have to play with, next you should take off 20 per cent, keeping this as safety net for anything unexpected. Many architects and builders will include a contingency as well – and some renovators will tell you to increase their quotes.

At the end of the day you will be spending a lot of money, so you don't want to be wasting any. 

Be sure to tune in next week when our experts in drafting services in Sydney share tips for balancing those renovation books!