Renovations

How to avoid extra costs on your home renovation

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Due to spending so much time at home throughout the Pandemic, many of us have a newfound love for DIY and home improvements. However, it can be easy to get carried away with projects, especially when so many new inspiration videos appear across TikTok and Pinterest every week. To make sure you don’t cause yourself any costly mistakes with your renovations, Fast Skips, which provide skip hire across the UK, has put together some tips for you to consider.

Take into account your home’s infrastructure.

Disregarding the structure’s integrity is one of the most common blunders homeowners make when embarking on a repair job. Frequently, homeowners undertake significantly more involved renovations than merely changing the curtains or applying a fresh coat of paint. The majority of people are unaware of the implications of these changes on the infrastructure of their homes.

As a result, consider whether the house can support your redesign aims like enclosed patios and hot tub decks before beginning your job. While upgrading your household appliances is wonderful, you will dread completing the upgrades only to learn that you have exceeded the power load.

Fortunately, you can avoid this blunder by hiring professionals like plumbers and electricians who are familiar with the water, weight, gas, and power requirements of your planned renovations.

Think about your return on investment.

While all home improvement projects are worthwhile if they make you happy, you should prioritise tasks with a high return on investment if you expect to sell your home in the future. As previously said, even the most basic refurbishment can cost thousands of pounds. Unfortunately, these pricey investments may not result in a similar boost in the value of your home.

For example, installing a new bathroom costs on average £5,000 in the UK, and a kitchen is anywhere from £5,000 to over £20,000, depending on design and materials. New kitchens can also add on average a value of 4-5% to your house, so making sure they’re right is crucial to ensure it’s a worthwhile investment.

Make a financial plan.

The most crucial aspect of undertaking a home renovation project is being able to create a budget and properly manage how money is spent on different aspects of the job. Otherwise, if you start the renovation without a proper plan for your finances, you may find that the cost of a basic refurbishment exceeds your expectations and you can easily overspend by accident.

Even with a well-thought-out plan, it is normal to run into unanticipated price adjustments in the middle of a project. During the process, an unexpected plumbing issue, a supply shortage, or a last-minute upgrade, for example, may arise. As a result, it is wise to keep at least 15% of your budget to protect yourself against any costs you weren’t prepared for. But, at the end of the day, the more money you have access to the better!

Budgeting for the effects of renovations on daily living is another crucial aspect of budgeting that most homeowners overlook. In essence, you should find a way to live comfortably while your house is being renovated. This covers the cost of staying in a nearby motel or renting an apartment for the next few weeks.

Know what size skip you need.

Most home renovations will require you to hire a skip; however, would you know what size you need for the amount of waste you are producing? As there are so many sizes available to hire, you need to be sure you are hiring the correct one for the amount of waste you’re producing to avoid the possibility of over or understanding the situation and spending accordingly on fence gates and security systems. Skip sizes usually start from a 4-yard, but it’s recommended that most people hire an 8-yard for home renovations. If you end up ordering a skip that is too small for your project, you will end up having to hire another, which will end up costly, or if you order a size that is too big, you may not fill it and will have wasted space and money.

Callista Porter
Callista Porter, with a background in architecture (B.Arch, University of Texas), has made a name for herself in the renovation industry over the past 12 years. Her expertise is restoring and modernizing historic homes, balancing preservation with contemporary aesthetics. Callista joined our platform in 2021, sharing insights on architectural integrity and modern design trends in her writing. Her passion for history extends into her hobby of collecting vintage home decor, which often inspires her renovation projects.

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