STAY ON TOP OF YOUR BUD­GET

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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.

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