Trying to keep a renovation on track can be incredibly difficult but you need to do so to make sure that the budget never slips out of your control. Whether you are attending a laminate flooring sale or recycling a piece of old furniture, there is always something you can do to make sure that you are going to avoid spending too much money on your project. Concerned that your budget might get out of hand? Here are some easy ways to stay on track.
Have a Cushion
Whatever you think your budget might be should not be all of your savings. You never know when something else might go wrong. Your builder might remove some tiles from a bathroom to discover significant damage to the wall behind it or you might find out that what you thought was a simple loft extension might require a lot more work.
To avoid these sorts of complications, you should always make sure that you have a few extra savings. Renovations are expensive and you need to make sure that you can definitely afford them before you get started. If you don’t you might risk running out of money and having to live in a building site until you can gather more funds.
Wait for a Flooring Sale
Replacing the floors of a room can be one of the most cost-consuming parts of a renovation if you aren’t undertaking any structural work. You could opt for something affordable like laminate flooring but there is always the chance for more savings to be made.
A laminate flooring sale can slash the prices of your preferred floor even further. Why pay for something for full price when you can get it on sale? Take your time to search for a bargain and you might be able to get a floor which looks amazing for a fraction of the cost.
Do It Yourself
If you can do a job for yourself then you should try to. Professionals will obviously do a better job but they will charge you a premium for doing so. From materials and labour to VAT, the overall price quoted to you might be completely out of your price range.
One of the easiest jobs for you to handle for yourself is painting your space. It might be time-consuming for you to do and it might be fiddly if you have never tried it for yourself before, but it can really save you some money. Another few tasks you can easily try for yourself are laying laminate flooring or tiling a wall. There are plenty of how-to guides on the internet to help you achieve a professional finish at a fraction of the price.
Make sure you ask around your friends and family to see if they can help out too. Buying someone a bottle of wine as a thank you will obviously be more cost-effective for you than having to pay for a professional to complete the work.
If you are looking at buying new furniture for your renovation then you could easily spend a fortune buying new, even if you went to an affordable shop like IKEA. You might be surprised at some of the quality pieces you find from second-hand sources. People choose to get rid of things for a variety of reasons. Whether it comes from a downsize, a clear-out, or simply because some doesn’t want it anymore, you can easily find a bargain if you know where to look.
Scour your local online sources and be sure to also check out charity shops. You never know where you might find the perfect lamp or armchair and it might be priced at a fraction of its actual cost.
Buying second-hand isn’t the only place you can pick up a bargain. You should always make sure to check out some of the items a manufacturer has labelled “defective” as these will be marked down quite significantly compared to full pieces. These might save you a bargain and the issue with them might be easily fixed.
For example, if you are picking up a bathroom vanity with a broken or missing door, it won’t cost you much to source a nice one. Taking a look at warehouses which offer a lot of these defective goods might be just what you need if you are on the hunt for a bargain.
Refurbish What You Have
Got a chair which you love but it doesn’t fit your new colour scheme? There might be a way you can either reupholster it or repaint it. This will completely transform it and make it fit once more. DIYing any existing furniture you may want to keep will obviously save you quite a bit of money during a renovation.
You should always keep in mind what you have instead of just looking to the new. You can save quite a bit of money if you can hold on to what you already have instead of trying to replace what you have for new.
Have a Plan
One of the easiest ways to lose track of your budget is simply if you don’t keep an eye on how much you are spending. You can very easily overspend if you don’t have a rough ballpark on how much it is that you are spending on each part of the renovation costs.
Break it down into sub-budgets if you have to. Allocate a certain amount for painting, and a certain amount for new furniture, and so on for each area of your renovation. It might require a little sacrifice on your part as you might not be able to get everything you want but you will be able to get nearly everything with some careful planning.
Renovations can be stressful if you don’t handle them properly. You need to make sure that you have enough money to be able to cover everything you might want to do, and this can lead you to look for some solutions in unusual places. What will you find in your next renovation?