Understanding how to Cost a Reno is so important as money dictates everything you’re able to accomplish on a build, so let’s dive in and discuss how to understand your numbers on a build.
WELCOME TO SEASON 5 | EPISODE 8
understanding how to cost a reno
IS IT NECESSARY TO UNDERSTAND POTENTIAL COSTS BEFORE EMBARKING ON A RENOVATION?
Are you looking at starting a renovation project but are unsure how much it will end up costing? Nobody wants to live in a half finished project so we have to make sure we have enough funds to cover everything as there may be things you haven’t thought about yet that could end up costing you BIG.
IN THIS PODCAST WE ARE TALKING ABOUT
I’m very excited to share today’s episode with you. It’s so important and dictates everything you’re able to accomplish on a build, so let’s dive in and discuss how to understand your numbers on a build. This can be such a complex topic so I’m just going to give you an overview of how to do the budgeting from the outset so you start to really understand how to make it work for you.
We’re going to go through five different areas.
- Know how you will run your build or renovation. Are you going to hire a builder? What type of builder? Blended buildher model? Are you going to be an owner builder? Most importantly, how will the decision you make impact the end result?
- Understand the scope and size of the project. Download our feasibility template here!
- Consider the implications of the site and structure.
- Know where the money is going on the build.
- Always compare the tender and the quoting. No two builders are the same!
By going through all of these five areas in the beginning, you can make sure you manage your build/renovation properly and have a fun and enjoyable experience and not a super stressful one where you feel like you have to make compromises or sacrifices because of the budget.
LET US KNOW WHAT YOU THINK & WHAT ELSE YOU’D LIKE TO LISTEN TO!
Let us know what you think about this one, won’t you? If you’d like to leave us a little review, that would really help us out too… it’s so easy to do in the App where you get your podcasts. Thanks in advance! xx
If you have a topic or question you’d like us to cover, contact us here.
LINKS MENTIONED IN THIS EPISODE:
Download our Feasibility template here!
Buy our new book BuildHer here
Check out our resources page here and book your free 20min consult here
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