Unveiling the Secrets: A guide to Avoid Hidden Costs While Renovating

Renovating your home is exciting and will absolutely breathe new life into your space. However, hidden costs can quickly turn your dreams into a financial nightmare. To help feel more confident embarking on your renovation project, we’ve compiled some great tips to help your avoid hidden costs.

Planning

Get meticulous with your planning. Be clear about the scope of work, set a realistic budget and create a timeline. Consult with experts to get accurate estimates and identify any potential challenges early on. We encourage our clients to get 3 quotes as it can be so insightful getting contractors to site to have a look at the job and often they’ll have great ideas or be able to identify any potential obstructions prior to work commencing.

Contingency

Even with the most detailed plan, unforeseen issues can arise during renovations. Its smart to have a little something up your sleeve and we recommend 10-15% of your total budget to cover unexpected expenses.

Quotes & Contractors

Choosing the right tradies to do the work can be tricky. Get smart about it, ask for referrals, read reviews, look around to see who others are using in your neighborhood. A good Interior Designer will have a little black book of trust worthy trades they can recommend to you. And then go through their quotes with a fine tooth comb. Make sure they’ve included everything. And ask for them to break down the costs by room or item. Make sure you’re comparing apples with apples.

Good Communication

And finally, make sure you maintain open and regular communication with your contractor throughout the project. Discuss any changes or modifications and make sure they are documented and agreed upon. Effective communication can prevent misunderstandings and keep projects on track.

Renovation your home should be exciting and rewarding, not a financial burden. By following these tips you can minimise the risk of hidden costs and ensure a smoother, renovation journey.