STAY ON TOP OF YOUR BUDGET
Good budget management is akin to good project management so ensure you spend plenty of time “on the books” so you know exactly where you’re at during every stage of your project.
Nick Kourambis has just launched a company called RenoHelp to guide renovators through the process and says budgets are one of the major things people struggle with.
“Lots of people start their project without having a clear understanding of their total cost exposure,” he says.
Selecting all your materials, fixtures and fittings up front can help you avoid nasty surprises when your project is complete.
“Your builder or tradesperson may have excluded certain items from their initial scope or made an allowance,” he says.
“It’s better to know the full exposure up front, not only to secure funding but to also be in a position to consider trade-offs in other parts of the design if you need to.
“And it’s less expensive to make changes during the design phase than during construction.”
If you’re renovating, Cherie says don’t overcapitalise.
“When you’re doing a quick cosmetic renovation, a general rule of thumb is 10 per of your property value,” she says.
Striking tiles like the Agata range from Academy Tiles need to be budgeted for.