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As you begin to design and plan your new home or renovation, chances are you’ll be:
\\nWhen you start to allocate your budget to these dreamed and imagined spaces, finishes and fixtures, it can be a surprise to see how quickly it gets consumed.
\\nAnd often, in my experience, the reaction can often be “But where is all the money going?”
\\nThere are many things required to create a working, finished new or renovated home, and they can chew up a significant chunk of your budget – and yet be almost invisible in the finished product.
\\nSo in this episode, we go through the main areas where money can disappear in any project, so you can manage them in yours. I share the main hazards to be aware of, and how you can protect your budget in each of these areas.
\\nOf course, the ones I’m listing here are not exhaustive – the best way to manage your budget is to manage all of it!
\\nHowever, I’ve seen these areas regularly surprise homeowners, and end up costing them far more than they intended.
\\nI take you through 4 main areas that can swallow your budget for a seemingly invisible result. I also share key tips to help you protect your budget in these areas – and overall.
\\nMoney gobbler 1:Services (especially electrical and plumbing)
\\nMoney gobbler 2:Excavation and retaining
\\nMoney gobbler 3:Your home’s skeleton (the structure)
\\nMoney gobbler 4:Extra living expenses during your project
\\nAnd one last word on this …
\\nI see some homeowners behave like it’s a foregone conclusion that their project will blow budget and timelines. Renovating and building doesn’t have to be that way.
\\nThe renovating and building journey is not a one-step process. It’s\\u202fa step-by-step journey of discovery and selection. Sometimes you only have 2 options. Sometimes you have 200. Sometimes you may feel like you’re crawling, and at other times it feels like big jumps towards the finish line.
\\nThe most straight-forward way to avoid nasty surprises on your reno or new home journey is to start with good information and a reliable team. Then you can also work to make informed choices as you go. Checking and adjusting along the way. What did we say in an earlier episode? ADAPT AND INNOVATE!!
\\nRevisiting your design, your budget and your timeline at each of these stages will help you\\u202fdo this,\\u202fand make the best choices for you … your budget, your site and your life. That’s the way you create the perfect home for you.
\\nListen to the podcast now to learn more about these 4 main areas, and how to protect your budget, and manage your risk overall.
\\nThis season, Undercover Architect has a podcast partner: Kiiko LED.
\\nKiiko LED is customisable, DIY, LED strip lighting, that you can order online to your specifications, for your needs and project.
\\nKiiko LED is founded by Craig Thomas, who I’ve personally had the pleasure of working with for over 12 years now, in my own projects, and in client projects.
\\nAnd so I’ve been able to organise with Kiiko a fantastic UA Community only offer. If you head to their website at www.kiiko.com.au/undercoverarchitect you’ll be able to access a $25 discount to use on your first order.
\\nCheck it out, and start building your Kiiko LED strip lighting now!
\\nFOR RESOURCES MENTIONED IN THIS PODCAST CLICK HERE
See omnystudio.com/listener for privacy information.
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