Do these5 thingstomitigate risingrenovationcosts

Do these 5 things to mitigate rising renovation

costs BYHOUZZ.CO.NZ From extending to meet the needs of a growing family to adapting a home for changing circumstances or making it feel more comfortable, there are many motivations behind taking on a home renovation.

With risingcosts, itmay seem dauntingtotakeona project now but the processcan still be veryrewarding, plus provide a goodreturn on investment. Vanessa Walker, Editorfor leading homerenovation and design platform Houzz.co.nz shares tips from the communitytohelp homeowners mitigaterising renovationcosts.

1. Make a thorough plan first

Creatinga renovation plan and budget should always bea number one priority for anyonetaking ona home improvement project,butattimes of more uncertainty, it iseven more importanttodraw up a detailed budget. This allowsyou to fully understand the scope of the project, highlightyour priorities and pinpoint areas for potential savingsearly on. 2. Seek out fixed prices where possible

With prices rising, it isworth enquiring with professionals about fixed-price contracts. Designers on Houzztell us that, where possible, they will try to offertheir clients stabilitybyensuring that contracts are as fixed as possible, especially when constructioncostsare confirmed.

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3. Ask about alternatives

When tryingtocutbackcosts,askyour professionals whether there areany opportunitiestouse alternative materials or building methods that may incur savings.

Professionals on Houzz suggest reducing structuralwork and using alternative methodsfor buildingwalls and floors, where the majority of thecost goes ina large-scale project,whichcould offer some savings. 4. Carefullyconsideryour wish list

Itpaystodoyour homework before youget started andreallyconsider what you do and don’t need, advise professionals on Houzz.

The cleareryou can be withyour designers and builders on what youwant, the more efficientyour project will be, helpingtokeep costs down. 5. Sourceand order materialsearly on

Withcostsfluctuating on materials, it may beworth discussing withyour pros whether it’s best to buy now andstave offpotential price rises later on. Ifyou have the option tosafelystore deliveriesatthe project site, thiscould also helptoensure materials are ready when they’reneeded. This will also avoid any potential hold-ups–and in turn unexpected costs–duetodelays or longer thanexpected lead times. Ifstorage is not possible, try to negotiatefuture delivery dates withvendors.

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