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Dodging the dollar drama: A true blue guide to renovation budgeting

2 min read

Let's face it, Aussies love a good home reno. Whether you're trying to turn your humble abode into a palace worthy of a 'Neighbours' cameo, or just hoping to upgrade that retro '70s kitchen, there's no escaping the ever-looming threat of the budget blowout.

But, fear not, prospective renovators! We've gathered a few true blue tips to keep your budget as healthy as a kangaroo in spring.

1. Know Your Reno Ropes: The more you understand about what your renovation involves, the better prepared you'll be. Do thorough research or even attend a few local DIY workshops. Knowledge is power (and savings)!

2. G'day, Mate Rates: While it might be tempting to go for the first contractor you meet, it's always a good idea to get at least three quotes. Your cousin Barry might swear by his mate's second-cousin's builder, but shopping around can save you big bucks.

3. Avoid the "While You're At It" Syndrome: We've all been there. You start with the idea of changing a light fixture and suddenly you're contemplating a whole new living room. Stay focused on the task at hand and remember: every added 'little' thing can cause a big dent in the wallet.

4. Prepare for a Rainy Reno Day: It's a universal truth: unexpected costs will pop up. Whether it's a hidden water leak or discovering your walls are held together with hopes and dreams, setting aside an additional 10-20 per cent of your budget for surprises can save you from a financial headache.

5. Embrace the Aussie Spirit of DIY: Not all tasks require professional hands. Painting walls, gardening, or even some tiling can be done by yourself with a bit of elbow grease and determination. Plus, there's nothing like the satisfaction of standing back and thinking, "I did that!"

6. Reduce, Reuse, Recycle: Instead of splurging on brand new materials, consider upcycling or sourcing reclaimed goods. Vintage tiles or repurposed timber can add unique charm without breaking the bank.

7. Keep Your Eye on the (Money) Prize: Regularly review your budget, keeping tabs on what you've spent and what's remaining. This'll help you make informed decisions as you go.

So, before diving headfirst into your next reno project, take a moment to strategise. Your wallet – and perhaps your significant other – will thank you.

Remember, it's not just about making your home look bonza; it's about doing it smartly. Happy renovating!

Remember, always seek independent professional advice suitable for your specific situation.