Singapore Renovation Contractor Reveals 10 Top Tips To Save Money On Your Project

Renovating your home is a big decision and can be expensive. The renovation process can be overwhelming, but there are some things you can do to save money on renovation projects. We’ve compiled 10 of the best tips for saving money on renovation projects in Singapore. These include hiring a contractor who has experience with renovation work, getting quotes from multiple contractors before starting any renovations, and finding out if you’re eligible for government grants or rebates. Singapore renovation contractors are not only experienced, but knowledgeable as well. They are able to provide solutions for renovation projects. When you are looking to hire renovation contractors, make sure to do your research and see if they have any previous experience with renovation projects. If you are unsure of what kind of renovation project would be best for your home, consult a renovation contractor first. Renovation contractors will offer renovation services such as paint renovation, renovation renovation, room renovation and badroom renovation. Make sure to research the renovation contractor thoroughly before hiring them for a renovation project.

10 Top Tips To Save Money On Your Project

1.Make and Follow a Budget

Before we begin, I’d like to define the term “budget renovation.” The term “budget” does not imply “affordable.” When you spend money, it’s a good idea to know how much of your total income or savings is allotted for the purchase, whether it’s a small purchase like a meal out or a large one like a new stove. If you’re planning to do home improvement work, I recommend starting with a budget in mind before making design decisions. Then you can price fixtures and materials and get a sense of what will and won’t work with your budget. When I first started my project, I made a spreadsheet and simply entered everything I knew we needed to buy. I calculated the cost of my flooring (including waste), lighting, faucets, paint, countertops, cabinet hardware, outlets and switch plate covers, tile, grout, appliances, and more! I had to make phone calls to obtain quotes for materials and labor, and I even had to include tax in my budget sheets. After I created my spreadsheet, I was able to see which areas were consuming a large portion of my budget and then make adjustments by selecting less expensive materials or deciding to eliminate items entirely. It’s a good idea to budget for unexpected expenses when creating a budget for your project. Some recommend setting aside 10% of your budget for flexibility, but the choice is entirely yours! If you want to learn more about my experiences, I wrote a blog post about budget kitchen renovation planning when we did our first shoestring kitchen makeover.

2.Pay Cash

It may seem obvious, but paying for your project with money you already have will save you a significant amount of money in interest that you would otherwise pay if you took out a loan or put things on a credit card that you couldn’t immediately pay off. If you’re renovating to sell your home, it may make financial sense to take out a loan if you know you’ll get a return on your investment and the loan will be paid off quickly. However, in general, paying in cash is the best option. If you can’t afford it right now, start thinking about ways to cut your household budget in order to save money for your project.

3.Take Your Time

Waiting for funds to renovate isn’t always a bad thing, because time is your friend when it comes to renovation planning! It can be tempting to gut and renovate your home all at once if you have the money, but it can be difficult to make a lot of good and cohesive design decisions when you’re factoring in so many things! If you rush through things, you will almost certainly come to regret some of your decisions.

4.Reuse Materials

I saved the most money on both of my kitchen renovations by reusing cabinetry and some appliances. If you need more than paint and new hardware to make you happy with your kitchen cabinet doors, you can still save a lot of money by refacing doors to change the style, or even replacing the doors but leaving the cabinet body in place. Even if you can’t reuse anything in your space, you can purchase materials and fixtures from salvage yards, Habitat for Humanity ReStores, and even building material auctions. Don’t overlook buy/sell/trade websites! Sometimes people are moving and need to get rid of perfectly good appliances quickly, or you may come across a load of lumber left over from someone else’s project.  Finding salvage materials can be a lot of fun and add a lot of character to your project. Plus, you’re helping the environment while saving money!

5.Wait For Sales Before Making Big Purchases

Certain times of year are better than others for purchasing large-ticket items, such as holidays for appliances, Black Friday for electronics and power tools, and the end of summer for outdoor furniture and lawn care items. Investigate the best time to buy, and don’t let your impatience keep you from getting a good deal. Don’t forget to purchase scratch-and-dent appliances or floor models!

6.Sell Anything You’re Not Using

Are you dissatisfied with your ceiling lights? Replace them if you have the budget for it. However, do not simply discard the old fixtures. If you need money, try selling all of your old fixtures on sites like Craigslist, OfferUp, or Facebook Marketplace. Old kitchen cabinets, appliances, doors, hardware, and a variety of other materials may be of interest to someone else scavenging for materials, but if no one wants your junk, you can sell metal items to scrapyards for cash. If you don’t need the money, remove old fixtures carefully so you can donate them to your local Habitat for Humanity ReStore.

7.Don’t Pass Up On Money-Saving Opportunities

Want to buy an energy-saving appliance but can’t afford it right away? If you use credit to pay for it, the cost of your interest payments will more than offset the money you save on utilities. If you do have the money to invest in an energy-saving appliance, you’ll see a return on your investment after years of lower utility bills.

8.Keep to the Classics

This may not save you money right away, but it will in the long run! If you know you’ll be happy with patterned tiles covering the majority of your open-concept kitchen, go ahead and do it. However, removing tile, repairing walls, and replacing tile can be a large project, so if you’re not sure you can live with something so daring and permanent, go with a safer option that you’ll be happy with for years to come.Subway tile is obviously popular in kitchens these days, but to be fair, it’s a classic material that will age well, and it also serves as a nice neutral backdrop for other easily changed trendy items like a candy-colored stand mixer, pink painted walls, or a basket-style pendant light.  The goal is not to avoid all things trendy, but to ensure that those items can be easily changed or replaced.

9.Balance High and Low End Materials

Spend more on statement items, such as quartz countertops or a statement stove, but save money in other, less impactful areas to get the most bang for your buck. This is a balance you’ll have to strike on your own because it varies so much depending on your project and style preferences. In general, however, I prefer to spend more money on hardware and less on doors/cabinets. Find your own happy medium, but don’t make the mistake of buying a high-end appliance only to install affordable formica countertops. The key is to strike a balance rather than go to extremes.

10.Hiring Professional Help

If you are too overwhelmed with the renovation or construction job, it may be time to hire professional help. Professional Singapore contractor renovation are licensed experts in renovation projects. They have the skills and expertise needed to help you renovate your house any way you want, depending on your renovation goals. Professional renovation contractors also have the necessary tools and equipment needed for the renovation process, which means that they do not need to rent them from other providers. Ovon Design renovation is the answer to your renovation needs. With years of experience and many projects under their belt, they’re your renovation partner for success. With great renovation contractors in Singapore, you can be sure that the design will please everyone. Our services include interior design, renovation, sketching, consultation, project management, and many more.  

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