Budget for your home renovation – Before you take steps to renovate your home, such as buying paint, new decorating tools, etc., you must think carefully
What is the reason behind this renewal?
Do you want to expand the size of your apartment? Do you want to add a new space to put a desk or coffee corner? Or do you want to restore what was spoiled by the passage of years?
Therefore, you should think of a renovation plan for your home and set a specific budget for it so that you do not waste all your money.
Learn about some easy steps that will help you in renovating your home:
Put an estimate for the cost of renovating your home
Renovating any room should not cost you more than it is in the entire apartment, meaning if the price of the apartment is about 200,000 thousand Egyptian pounds, and the children’s room is equal to the value of the apartment about 10% – 15%, renewing it here should not cost you more than this percentage. Meaning, you should not pay more than 20 thousand pounds to renew it, and for the renewal to be reasonable, it is preferable that it be around 15 thousand or less.
But as for the kitchen, according to a number of statistics around the world, renovating your kitchen will give you a strong increase in the value of your entire home, as the kitchen is one of the most important basics of any apartment, especially in the Arab world.
Getting a small loan
Perhaps this solution is not popular with most people, but there are those who prefer to obtain a home renovation loan in two cases in particular:
- If he wants to renovate the house to increase its value several times from its current value, he will sell it and get enough profit to pay off the loan and buy a better apartment.
- If the renovation of the house means the beginning of a new residence in it for a period of 20 years, then he will not need to change his place of residence anytime soon, so the value of the loan compared to changing housing and renovating the new housing does not mean anything at all.
Get help from a professional
You can easily deal with a private company for decorations and renovations and specify everything you want to change since the beginning of the contract. And that you discuss every step that will be done to renovate your home and here you can find out the appropriate budget and agree on it. But the most important thing is to agree that there is no excess of the agreement, as you are using specialists in order to be free from the idea of violating the budget and to pay attention to all the details of the renewal.
Stick to your home renovation plan
When you start the steps of renovating the house, especially after purchasing the necessary materials, many new ideas that come to your mind will appear through you or through friends and family. Here is the time to stick to your home renovation plan and everything you have laid out and agreed upon. There is no time and money to waste especially after purchasing refurbishment materials. You should stick to your plan as there will always be new decorating ideas that you will like. Therefore, when starting the renewal process, it is preferable not to come up with completely new ideas and to start thinking about how to implement the ideas that you have developed in a smart, easy and inexpensive way.
You must be prepared for hidden expenses
We do not mean hidden expenses is the increase in the cost of decorations because you changed your mind and bought a more expensive meter. Rather, we mean that although your house may look good and need after simple modifications, but when the modifications begin, you may find a big problem that must be solved immediately, such as moisture problems, erosion of surfaces, plumbing and flooring problems that you may not have been aware of until now. Therefore, it is preferable to put an increase on the specified budget, about 30% to 40%, for such problems.
Good planning before you renovate your home and making a suitable plan is one of the most important factors not to waste a lot of money because of the confusion between what you wanted and what you saw recently and liked.