Every renovator wishes they had an unlimited bank account. But if, like us, you need to watch your pennies, here are some tips on how to best spend your budget.
Kitchens and bathrooms are the most expensive rooms in the house, but they are also the places where you should spend as much as you can. A decent kitchen renovation (including new cabinets, benchtops and appliances) can set you back over $10,000 but could potentially add double or triple that value to your home in years to come. If you are planning to retile and replace plumbing, a basic bathroom reno will cost the same again. If you don’t have that sort of budget, simply updating your tapware, cabinetry handles and showerhead can make a surprisingly big difference (for a surprisingly small cost).
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When it comes to living areas and bedrooms, invest in the best-quality floor coverings you can afford – these rooms need to withstand a lot of foot traffic, so you want a surface that will age well. A fresh coat of paint is one of the easiest ways to spruce up a tired interior, so budget to have the job professionally done (the same goes for your home’s façade).
Speaking of the home’s exterior, be careful not to spend all your money inside and then have no budget left over for your outdoor areas. You will want to show your revamped home off to family and friends, and nothing says ‘unfinished reno’ like a patch of dirt in the backyard. If you are creating an outdoor area focus on weather protection and shade; otherwise invest in professional landscaping services to get your yard looking fresh.
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