How To Stick To Your Renovation Budget

A home renovation can be a rewarding and positive experience that may not only add value to your property, but could also greatly improve your quality of life.

Peeling paint, blocked gutters, or vegetation can become real problems if left unattended. Organise proper maintenance and restoration before it becomes a serious problem — costing you a lot more down the track.

For an effective renovation budgeting and planning, estimate your budget, stick to it, and keep your expenditure on check. The starting point in terms of renovation budget is around 5% of the purchase price for the property — this depends on the scale of your renovation.

Painting your home

Nothing beats painting if you’re looking for the home project that will give you the most bang for your buck. Depending on the colors you choose, a fresh lick of paint can do wonders to your home. Making spaces appear brighter, larger, and more modern.

white living room - home renovationPhoto by Jose Soriano on Unsplash

If you’re painting a house on a budget and to maximise street appeal, don’t forget to include the facade, fences, and gardens. Painting the exterior of your house could add significant value to your home, with minimum cost.

As trends change, avoid unusual colour schemes as these will date quickly, causing you to spend out again.

Tips: For interiors, go white! It maximises both light and a sense of space, plus, it’s easier to accent with colour. White is also timeless which makes it easier to sell in the future.

Don’t move your plumbing

For a bathroom renovation, a major saving tip is to stick with your original plumbing points. Keeping all your facilities in the same place is the key, as moving them is expensive and consumes time. It gets expensive reconfiguring a bathroom layout, repositioning pipes, and jackhammering concrete floors.

The same applies to your kitchen and laundry plumbing points.

Seek advice from a qualified plumber who can recommend how to make the most of your current layout.

bathroom layout- home renovationPhoto by Jose Soriano on Unsplash

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Kitchen update

A kitchen update will make for a much more enjoyable everyday chores and entertaining family and guests. 5% of the value of your home should be in your kitchen.

With minimum spending, your kitchen is easy to improve by making small changes, like changing the cupboard door knobs, installing soft-glide hinges, and refacing cupboard doors.

kitchen update- home renovationPhoto by Le Creuset on Unsplash

Tips: If you have a little more left in the budget, update the overall look of your kitchen with new splashbacks or bench tops.

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Do you need a quick financial boost on your home renovation? It’s easy!

Quickle‘s easy loan products are designed to be quick solutions. To qualify for easy online loans, you need proof of employment that is a payroll or any other employment record. The best part is you can apply online, anytime.

Once the instant loan application is approved, you can choose the same-day deposit service so the funds could be in your account within hours!

It takes willpower to stick to a budget. You have to start to set a realistic one in the first place and practice patience.

Tips: Look for professionals with a good reputation. Architects, designers, builders and engineers are the kind of professionals you need to get advice from. They’ll give you a clear quote and contract for your renovations. They often source materials more cheaply and do the work to the proper standards.

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