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5 Tips on Managing Your Home Renovation Budget

Oct 27, 2015

If you are looking to renovate or add on to your home, one of the most important things you can do is to create a home renovation budget. In a market like Perth, quality parts or labour aren’t cheap. Here are five great tips to help you do it right the first time.

Cost Analysis

You need to know how much each step is going to cost. There are obvious costs such as labour and materials, but there are also other costs, such as permits, taxes, demolition, rubbish removal, disposal of any hazardous materials such as asbestos and site clean up. Try to break it down into every step along the way.

Get Professional Advice

You will need to lean on your suppliers and tradies to know how much various steps are going to cost. Professionals who do this for a living know more than you do. Take advantage of their knowledge.

Add a Buffer

As the old saying goes, “what can go wrong will go wrong.” We hope it doesn’t, but always have 10-15% of the total cost available as a buffer just in case.

Track Your Spending

Whether it’s a basic spreadsheet or a dedicated computer program, track every dollar you spend. At all times, you should know where you are in relation to your estimated costs.

Call Next Level Extensions

There is an even better solution. If you don’t want to worry about your budget on a day to day basis, put it on autopilot with Next Level Extensions. Starting with our home renovation designer Max Sardi and all the way through to completion, we let you know exactly what your home renovation is going to cost and when it will be finished.

Due to our commitment to excellence and our more than 70 years’ combined experience in home renovations in the Perth area, we always finish on time and we always finish on budget.

Leave the worrying to Next Level Extensions. Call us today: 1300 948 094.

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