7 things not to do while budgeting for home renovation

We asked Alifia Shabbir, author of SoulSpaces: The Definitive Interior Design Guide For Homes With Personality, to share her lessons on budgeting. Here’s what she had to say

How to budget for home renovation

Subtract the stress from home renovation with our guide. Photograph by Suleiman Merchant

Renovating a home is not an easy task. More often than not, you tend to overlook allocating and adhering to a budget amidst the excitement of creating those perfect spaces. Clearly defining timelines and planning the nitty-gritty at the very beginning are key to successfully managing a home renovation. Here are a few mistakes to avoid before beginning your journey.

Not Having a Plan

This is the fastest way to exhaust your budget. Thinking ‘Let’s start with this area and see where it goes,’ is a sure-fire way to burn an expensive hole in your pocket. Instead, take the time to create a vision and plan for what you want from the remodelled home.

First, list prevailing issues with the space that drive you up the wall. Maybe it’s the lack of an ‘entertainment corner’, or perhaps it’s the wallpaper in your living room from your last update that you hate? Or it might even be the lighting that seems too inadequate to work in. After drawing up a list of all the limitations in the current space, create a vision for the renovated space.

How to budget for home renovation

Do you have a space dedicated for me time? Talk to each family member to understand what stays and what goes, and carefully consider their evolving needs. The third chapter of SoulSpaces discusses this in detail.

Not Consulting a Designer and Contractor

When it comes to renovations, we often think that we can do them ourselves. While such confidence is commendable, it’s definitely not advisable. Distressing an old table or adding a wallpaper might be easy, but a good design and contracting team is what you need while planning a thorough renovation. To add to that, having someone who knows what they are doing keeps tempers and budgets in check.

How to budget for home renovation

Keep a few priorities in place while being flexible with the rest

Not Estimating Utility Costs

Small changes can lead to major expenses, especially when it comes to renovations, as electrical, plumbing, water-proofing, and civil works all add up. It’s wise to seek an expert’s advice at the start, and add it to the budget.

Not Keeping a Tab on Building Codes and Plans

This is especially applicable for older apartments and full renovations. It’s important to know what can be changed and what cannot. Keeping a tab on load-bearing walls, electrical layouts, plumbing lines, and other details are key to avoiding unnecessary reworks that send budgets spiralling upwards.

How to budget for home renovation

Plan a timeline and stick to it

Not Keeping a Buffer

Renovations are tricky affairs. Sometimes, the simplest of things turn complicated—like an underlying water-pipe that’s sprung a leak and is wetting the walls. These mishaps happen and keeping a buffer ensures that you are not banging your head on that wet, unfinished wall.

Not Sticking to a Timeline

They say time heals all wounds. But apparently not the gaping hole in your wall. Plan a timeline, and try your best to stick to it. Delays end up costing a lot more, especially if you’re camping elsewhere while your home gets renovated.

How to budget for home renovation

Remember to be patient and enjoy the process

Not Being Flexible

As in marriages, a lack of flexibility might end up upsetting the process of remodelling. Keep a few priorities in place while being flexible with the rest. For example, if your home suffers from electrical issues, it’s advisable to spend on getting that fixed on priority, and give up (momentarily) on that expensive rug you wanted as a statement piece for your living area.

If it’s a complete overhaul, I recommend moving out of the house and staying elsewhere, just so you and your family don’t (literally) end up in a mess. Also, it becomes that much harder to finish the renovation on time if you continue to live in the rooms that are being worked on.

Having said that, remember to be patient and enjoy the process. The transformative effect of good design, especially for your home, can elevate the quality of life. And even though home renovations are challenging, they are hugely rewarding. Creating a cosy haven, especially in these challenging times, makes living at home a joy, and provides a place for you to bond and create special memories with your loved ones.

 

 

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