By Sam Chang
Spending money on renovation is similar to investing whose chief aim is to get the most value out of our money.
Most would agree that the renovation journey can be hard especially for a first timer, and harder if you have no clue of what is in store. This post is to share some personal experiences on how to optimize the renovation budget and identifying areas for cost savings in cold hard cash.
As a first step, it is useful to know what covers the standard scope of renovation works. A typical quotation from an interior designer would have the following format
- Demolition Works
- Masonry Works or Wet Works
- Plastering Works
- Plumbing Works
- Aluminium/Door/Glass Works
- Electrical Works
- Ceiling Works
- Carpentry Works
- Painting Works
Except for demolition cost is purely labor, others will be a mix of labor and materials.
Even when the scope of work is clear, right sizing the budget can be a struggle. Fortunately, there are online platforms like Qanvast and HomeRenoGuru. They provide useful pricing information with nice visuals of completed projects. These can help a homeowner get a feel on the cost for various design themes like scandinavian, contemporary, industrial…etc
While it is important to manage the downside in any investment, the homeowner should also plan for …read more