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How To Plan & Budget For Your Renovation Project

Home renovation projects can be exciting but overwhelming, especially if you don't know where to start. Planning and budgeting are essential to ensure your home renovation is within your financial means and ticks all your boxes. Below is a step-by-step guide on renovating on a budget.

How to complete your renovation planning on a budget

1. Assess your renovation goals

Before starting any renovation project, renovation planning is essential to figure out your needs and wants. Evaluate your current space and determine what changes you want to make. List your must-haves and nice-to-haves, and prioritise them based on their importance. This will help you stay focused during your home renovations and avoid overspending on more unnecessary features.

2. Determine your budget

After determining your renovation planning goals, it's time to allocate your budget. Consider all the expenses involved in the renovation project, including materials, labour and permits, and set aside funds should any unexpected costs arise. Set a realistic budget that you can afford and stick to it throughout the project.

If you find your budget is hindering your ability to pursue the home of your dreams, consider a renovation loan or refinancing your mortgage so you don’t need to cut costs when it comes to achieving your renovation goals.

3. Research and plan your project

Now that you have a budget in mind and a clear idea of your renovation planning checklist, it’s time for the fun part — researching renovation ideas! Gather inspiration from home design magazines, websites or even Architectural Digest YouTube videos, and contact our team of consultants for expert advice. At Bespoke Renovations, we’ll create a detailed plan, including timelines, materials, and labour costs, so you stay on track and avoid any unwanted surprises down the road.

4. Hire the right professionals

Choosing the right professionals is critical to the success of your renovation project. Research and compare contractors, architects and designers and check their credentials and references. That way, you can rest assured you’ve hired professionals who are experienced, reliable and within your budget.

At Bespoke Renovations, our team specialises in planning renovations for various projects, from minor home alterations to entire home renovations. We’re locally owned and operated, so we have an intimate knowledge of Sydney’s property market, particularly in the Northern Sydney suburbs.

We're completely an in-house team, from our designers to consultants and home renovators. That means your renovation planning will all be done to the Bespoke Renovations standard from start to finish.

5. Stick to your plan and renovation budget

Remain firm on your renovation budget and communicate clearly with your professional team of renovators, monitor the project’s progress and be prepared to make adjustments if necessary. Where possible, avoid making last-minute changes or adding unnecessary features that could increase the costs.

Renovating on a budget? Book your home renovation with Bespoke Renovations

Renovation planning and budgeting is the recipe to success to ensure a successful renovation project that meets your expectations and stays within your financial means. By following these steps and hiring the right professionals, you can create the home of your dreams without breaking the bank.

Whether you’re renovating to increase your property's resell value or improve your quality of home life, our team at Bespoke Renovations is here to help. We have been operating in Sydney since 2014 and use the latest building and design techniques to deliver even the most elaborate projects on time and on budget.

View our portfolio of completed projects for more home renovation ideas and reach out to our team for a free consult today.

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