How to Decide the Budget for a Renovation

How to decide the renovation budget you have in mind? When you are starting the renovation of your home, tailored to your finances, you inevitably plan to redo, rethink, double-check, verify, until you fix the exact budget.

HOW TO RENOVATE A HOUSE, FROM INITIAL THOUGHT TO COMPLETION

Matching the restructuring of your dreams with the reality of your finances can sometimes be a very complicated challenge. But there is a lot you can do to get the house you want at the right price. The first step is to start the renovation with a team of professionals

How to continue? Here are some tips for working with the professionals on your team to bring your renovation idea to life , understand the costs realistically, and refine the plan to fit the costs of the work into your budget.

1. ILLUSTRATE YOUR IDEAL PROJECT

Once you have selected the professionals responsible for the renovations, arrange a meeting to clarify your ideas about the renovation . Eg, make a list of the things you absolutely want in your home, find pictures of houses that inspired you, show solved cases that match what you want. The architect and possibly the designer will ask you a series of questions about how you want to use the spaces , how you live on a daily basis, and which materials and styles you prefer.

These initial meetings are extremely important for the renovation of your home, as they will allow architects and designers to proceed in successive steps from an initial plan to the final project, to detailed work plans. It will be a process of subsequent reviews, aimed at obtaining the house you want, while respecting your finances.

2. MEASURE AND MAKE A MAP OF THE HOUSE

The next step after the first meeting is to take the measurements of the house and evaluate in detail the current conditions of the apartments, producing a detailed plan of the house.

The more detailed information you gather about the house at the beginning, the fewer changes and surprises you will face during construction. The plan of the house will become an essential tool for the architect during the design phases of the renovation solutions.

3. GET AN ESTIMATE OF COSTS FROM BUSINESSES

When the architect has drawn up a first initial solution project with the right measures, with the main works to be carried out and a possible selection of materials and systems (the metric calculation), then it is possible to obtain a cost estimate by contacting a company construction, or ask for quotes from several different companies and compare them later.

Comparing the estimates of different companies for jobs does not mean doing a race to the bottom and hunting for those who ask for the smallest sum at any cost. The evaluations you will get from different companies can be references of how much the jobs could cost on average. The actual final cost will depend on the quality of the finishes and the materials that you will select with the architect and company.

Perhaps one firm will estimate $120,000, another $150,000, yet another $180,000. The goal of this initial cost comparison is to gain confidence in the possible costs of your project, and give you possible directions in which to move.

4. COMPARE QUOTES

Even without a fully defined work plan, you can simplify quotes to make them easily comparable. Organize your metric calculation by indicating a minimum and maximum expenditure for certain materials or processes, such as taps, floors, systems, or lights.

In the request for an estimate, for some of the items of expenditure, ask your architect to indicate the minimum and maximum costs , or the margins within which the companies will have to move. In this way, the estimates you will receive from the various companies will be highly uniform, and the only variations between the various proposals will be related to processing times, labor costs, management, etc.

When you have all the preventi, the architect can compare the prices in the offers of the different companies , make sure that they have included the same solutions, and that no company has forgotten anything. Also in this case, having the experience of an architect to read the offers and understand the order of magnitude of the costs, ensures that the estimates are actually comparable and meaningful.