Here are some tips for creating a cost list that takes into account your wishes and the amount you can and want to spend.
If you’re planning a home renovation, the first thing you need to consider is how much you want to spend. Carefully prepare your budget in advance to ensure your entire home renovation schedule is seamless, as you’ll have control over costs at every stage.
Find inspiration to renovate your home
Save beautiful photos you find on social media. Look to decorating magazines for inspiration.
Plan your home renovation project
Before setting a budget for your home renovation, evaluate which goals are achievable and which can wait. Arranging and decorating can be simpler and less expensive than changing the structure of your home. Planning even the smallest details will prevent you from depleting your budget before the work is completed.
Need help with your renovation project? Get a consultation
Once you’ve defined and prioritized your desires, estimate the cost of your entire home improvement project to establish your spending limits and priorities.
This is mandatory. They can help you make the most of your budget by advising you on the best value construction techniques and materials for your project. They will select and coordinate the teams of renovation professionals who will carry out your work.
You can also manage each renovation professional: carpenter, mason, electrician, plumber, etc. First, assess the scope of the work, as this coordination can be time-consuming.
Present a comprehensive plan of your needs.
Define your budget
In addition to the architect’s fees—between 8% and 15% of the net cost of the work—and the cost of labor, the budget should include the cost of materials, including new furniture. Make your choices to adapt the overall project to what you can afford and avoid going over budget while the work is still underway.
Finally, set aside some capital for unforeseen events. Even if you’re a good manager, they can happen at any time.
Set a deadline for renovating your home
Estimate the time required for each stage and manage (or have the architect manage) your project strictly. Everyone must adhere to the agreed-upon schedule as closely as possible. Delays can increase costs without adding value to the final result.
How to Save Money on Home Renovations
Avoid buying cheap materials and products. Even the best renovation professionals can’t guarantee their performance and aesthetic quality, and you risk having to replace them. You’ll have paid twice for the same service.
Choose materials and products made in France or even made in Europe that meet standards, certifications, and labels for quality work and save money on renovations. Plus, by limiting their carbon footprint, you’re doing your bit for the environment.
When planning your budget, consider investing in roof windows. They enhance the appearance of other work and will save you money.