Expensive Mistakes That Will Blow Your Remodelling Budget

More and more home-owners are turning to remodelling projects instead of moving up the property ladder and buying another. However, a surprisingly large number of them will end up spending much more money than they expected remodelling their home. The following expensive mistakes will blow your remodelling budget and are to be avoided at all costs.

Keeping Up With The Joneses
Many remodelling projects start after a visit with friends and family. They tell you how they found some really cheap discount countertops or a new set of appliances, you love them, and you decide to do the same even if the timing is not right or your appliances are working just fine. This is probably the worst and most expensive remodelling mistake you can make. Spending money just to be at the same level as your neighbours (or best friends, or in-laws, or your sister) is a sure recipe for disaster.

Bad Math
There is nothing more likely to make you feel stupid than bad maths. This happens a lot with flooring replacements and painting, as both home remodelling projects require accurate estimations in order to purchase the right amount of materials. It is not as simple as just calculating the square feet you need to cover, as most of the time there will be some waste. For example, vinyl tile squares come in packs, so even if you only need 45 square feet you may need to buy an extra pack if your chosen ones come in 20 square feet packages. Budget for the real amount of materials you will need to buy, be it cans of paint or packs of tiles, and not for the theoretical amount you will require to finish your project.

Overconfidence
Many people embark on a DIY home renovation project without much experience in the realm of home decorating or even DIY knowledge. This is not surprising, after being exposed to TV and Internet videos touting how easy it is to install your own granite countertops or build an extension all by yourself. Besides being a risk to your health, lack of knowledge may make your budget spiral out of control. For example, if you are new to DIY, keep in mind that it’s highly likely that you will waste materials accidentally. Before you start spending money buying the latest tools and DIY books, make an accurate assessment of your skills and plan your budget so you can make home improvements incrementally as you become better at it.

Expensive Mistakes That Will Blow Your Remodelling Budget by
No votes yet.
Please wait...