Renovation projects are usually huge budget busters, mostly because you’re trying to superimpose your own aesthetic over something that already exists.
You might initially believe that you’ll be saving large construction costs by using something that already has a ‘grey structure’ but until and unless it has been stripped down to the basic essentials, there is no guarantee that you’ll ever get your desired results without spending a pretty penny in the process.
From the large expenses of hiring design and construction teams to dismantle existing walls and even tweaking the structural details to suit your purposes, there is a lot of physical work to be done that may put a damper on your budget.
This is especially relevant for large projects. Commercial and retail renovation projects include an extensive layout-therapy even before the actual building works start – and it is only the beginning of what’s to come.
So today, we’ll be sharing 6 tips for saving money on big renovation projects.
Go for double height spaces
A double height space is an architectural term, in which the ceiling is twice high the ceilings of the other rooms. It provides homeowners a striking natural light and a soaring, open space. Double-height foyers provide depth to the entrance and reinforces the first and second floor connection. While double height spaces are common in foyers, they also bring tranquillity in a bedroom.
A double height space is a perfect spot for your statement furniture pieces too, such as shelves and display cabinets. Your guests and visitors can easily see your elegant sofa, long dining table, and other furniture pieces with an open space. If you want to flaunt your high-quality Factory Buys furniture, you can explicitly do so with a double height living room space.
This is a pretty relative design hack straight from the mouth of professions. Even when you’re investing in new construction, cutting out a huge piece of the slab can reduce your construction costs exponentially.
Similarly, during the renovation process, planning a double height space in your layout can save you the cost of finishes, false ceiling, lighting, electrical wiring and other design details that might have added up to be huge budget busters.
On the other hand, you will have to invest in dismantling the slab area where you want to create the double height space. It is recommended to make sure that there are no structural fall-outs or reservations during this process, otherwise, you’ll only deduct from your budget.
Don’t mess with the existing window portals
It all actually depends on the kind of space that you’ve got, but if it consists of small window portals while you want large ones, try not to tweak those details. Once you start messing with the windows, you’ll have to rearrange the entire framing. This includes the existing lintel detailing and sill levels. It’s a very invasive process that can result in a huge dent in your budget.
So before you cut a huge hole in the side of your building, it’s better to do some research on alternative techniques. These days, there are a lot of ways you can make your spaces imitate the ‘natural-light’ look without actually having windows or ventilators in the space. Here’s a small list of innovative tips you can use:
- You can use realistic artwork of picture frames of natural scenes to imitate a window.
- You can use light tubes to funnel sunshine into your space. These inventions slip between the roof rafters and the living space and are relatively on the inexpensive side.
- You can even use feature-length looking mirror cladding on walls to reflect the existing light into space.
- Bright accessories and furnishings can help make the space look lively. There are online spaces if you’re looking to shop cheap.
- You can even use false windows to create an illusion of existing windows in the room. It will cost you less and become an attractive design element.
- You can work with your curtains, blinds, and other window treatments to create a new look for your windows.
Consider future expansion
You cannot go about a large renovation project without considering the long-term effects. What if you end up needing more space? What if you have to expand vertically in the future?
All this and a lot more has to be considered while planning your renovation. If you do not think about the consequences, you’ll just end up spending a lot more on the same building in the future.
So always leave a small amount of space – like a terrace – for horizontal expansion. And if you’re considering long-term vertical expansion, then leave structural dowels atop your existing projects so that you wouldn’t have to tweak the essential reinforcement in the future.
If you’re thinking of layout adjustments, then invest in a flexible plan. For example, in a commercial office space, you can use the practice of hot-desking to create a more flexible layout. This way, you’ll get plenty of leeways to adjust according to new situations.
Avoid structural damage
One of the most inconvenient ways you can bust your budget during a renovation is by accidentally damaging the structure.
This can happen when you’re tearing down the walls and accidentally dismantle a loadbearing one. It can even happen during a general dismantling – like a column or beam can get damaged.
In such cases, you’ll have to hire a structural engineer and invest in recommended procedures that may keep your building intact even after the requisite structural damage. So you should definitely avoid making any alarming structural damages to save your budget.
Before you decide to knock out walls, think it over again. Consider the time and energy you’ll save by avoiding structural damage. Is it worth the overall aesthetics and functionality of the room? Do you have enough budget to cover the demolition and new construction?
Builder-grade materials and recycling
There’s no need to go for customized everything when you take on a big renovation project. So while you’re shopping for building materials, you should always go for the more affordable builder-grade materials. These include prefabricated cabinets, furniture, low-grade carpets and more.
Another good way to cut down your budget would be by recycling from the old palate. Distressed finishes are all the rage these days, so you can definitely re-use some old materials like floor tiles and wood to get a classy aesthetic.
Don’t re-design utility points
Utilities are an integral part of any renovation project. They include electrical points and wiring, lighting, plumbing, and sanitation.
One of the major causes of over-budgeting during any renovation project comes when you relocated these utility points – especially plumbing. So during the renovation, it’s best if you stick to the original utility points. For instance, plumbing location changes can be costly when renovating your kitchen. It’s the same with changing the location of electrical wiring and fixtures.
Re-doing them can cause a lot of hassle and cost you a pretty penny in the process. You can even consult an expert on how to utilize the existing points.
So these are some of the ways you can cut down on your renovation budget. These can help keep your project on track and your bank balance in check.
Andrea Boffo is CEO of PlusVoucherCode, a website that provides discount codes to save money on online purchases.