Budgeting for a home renovation project is challenging at the best of times. Even with a small renovation project, there is so much to consider that it can be hard to know where to start. But it’s especially challenging at the moment with the health crisis creating so much uncertainty about the future.
To help we’ve created a free budgeting guide to help you figure out how much you need to allocate to each area of your project. By following the principles set out in our easy to use guide you will be able to make the best use of the money you have to spend.
This Saturday for my Instagram Live Q&A session will be all about budgeting.
I will be joined by QS Patricia Power. We’ll be chatting about what you need to know about starting a home renovation post-Covid-19 and what impact the health crisis has had on construction prices. So if you are planning any kind of home renovation project join us on Instagram at 11am Saturday 9th May.
Budgeting Guide – How it works
We’ve taken an imaginary budget of €100,000 and broken it into percentages so you can clearly see what spend is involved and how much you need to allocate to each area.
45% Construction Costs
You might think a budget of €100,000 you’d have a lot to spend on the building work itself, but actually, only €45,000 will go towards the core construction costs.
This is the money you will pay the builder and it will include all building materials, electrical and plumbing works, internal doors, skirtings and architraves and the fitting of all finishes and sanitary ware.
This money will not include the cost of things like windows, kitchens, bathroom fittings or supply of finishes but does include builder’s costs to fit these items. It also includes VAT at 13.5 %
If you are planning a home improvement project big or small, make sure to grab a copy of this free resource today.
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