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10+ Tips to Minimize Home Renovation Costs

Simple Ways to Minimize Home Renovation Costs – 10+ Helpful Tips

Home renovation projects in Singapore’s public and private housing can quickly become costly affairs. For HDB flats, both new BTO units and resale units often require extensive repairs, upgrades, and customization. Condo renovations also frequently exceed initial budgets.

Whether you own an HDB 3-room, HDB executive apartment, HDB 5-room, private condominium, or other dwelling, remodels require careful planning and spending control. From building interior partitions, replacing flooring, installing new bathroom fixtures, and more, the expenses add up fast.

How to Save Home Renovation Cost in Singapore?

Coming back to the point, there are effective ways to minimize renovation costs for any home in Singapore. This article provides 10+ practical tips to stay on budget with your HDB or condo renovation. By following savvy guidelines and simple solutions, you can avoid breaking the bank to upgrade your living space.

1. Set a Realistic Overall Budget

Experts recommend dedicating 10-15% of your home’s value to renovation costs. Be meticulous in tracking expenses such as contractor fees, materials, permits, and contingencies. This approach prevents the common pitfall of underestimating the overall costs, ensuring a more realistic and manageable budget.

2. Reduce Built-in Furniture Costs

Consider minimizing expenses on customized built-ins and cabinetry. Opt for standalone furniture that not only offers cost savings but also provides flexibility for rearrangement over time. This pragmatic approach allows for both practicality and affordability in your home design.

3. Lower Interior Design Fees

Efficiently manage your budget by taking charge of selections like paint colors and light fixtures. By handling these aspects yourself, you can focus the expertise of an interior designer on key spaces, optimizing their impact and minimizing overall fees.

4. Compare Contractor Quotes for Electrical and Plumbing

When dealing with electrical and plumbing work, obtaining multiple quotes from licensed professionals is crucial. This comparative approach ensures you get the best value for your money, allowing you to make informed decisions and potentially save on these essential aspects of home renovation.

5. Source Low-Cost Materials

Explore budget-friendly options for materials by checking local store. By personally supplying items such as vinyl flooring, tiling, and sink fixtures, you can control costs without compromising on quality, achieving both savings and style.

6. Resell Old Appliances, Furniture, Fittings

Offset renovation costs by selling old, but still usable, household items on online resale platforms and community groups. This not only provides extra income but also promotes sustainability by giving your items a second life.

7. Use Vinyl Instead of Wood Flooring

Opt for vinyl flooring as a cost-effective alternative to wood. Enjoy the aesthetic appeal and texture of wood while benefiting from the durability and budget-friendly nature of vinyl flooring, a practical choice for budget-conscious homeowners.

8. Paint Over Tiles to Save on Re-Tiling

Explore the option of painting over existing tiles with special epoxy paints. This cost-effective alternative eliminates the need for full tile replacement, saving both time and money while giving your space a refreshed look.

9. Peruse HDB Resale Flats for Design Inspiration

Draw inspiration from newly renovated HDB resale flats listed for sale in your area. This not only sparks creative ideas but also allows you to witness practical solutions within similar home layouts, aiding in your renovation planning process.

10. DIY Where Possible

Embracing a do-it-yourself (DIY) approach in your home renovation journey can be both empowering and cost-effective. Tackling tasks like painting walls, installing new fixtures, or handling minor repairs on your own can save a substantial amount in labor costs. While larger, more complex projects may still require professional expertise, identifying areas where your skills can shine allows you to take control of your renovation expenses.

11. Energy-Efficient Upgrades

When planning your renovation, think beyond the immediate costs and consider the long-term benefits of energy-efficient upgrades. While the initial investment for energy-efficient appliances and fixtures may be slightly higher, the operational cost savings over time make it a financially savvy decision. Look for appliances with high Energy Star ratings and opt for LED lighting to reduce electricity consumption.

12. Reuse and Recycle

Give your renovation a sustainable and budget-friendly twist by incorporating the principles of reuse and recycling. Salvaging materials from the existing space, such as cabinets, doors, or fixtures, not only reduces the need for new purchases but also minimizes waste, contributing to environmental sustainability.

Bonus Tips

  • Add a 10% buffer to your budget for contingency costs
  • Link payments to inspection milestones for work completed

With careful planning, prioritization, and smart cost-saving measures, you can successfully complete renovations while minimizing expenses. Determine must-haves versus nice-to-haves and research all options.

Disclaimer: The content is intended for general informational purposes only. Doorvisual Pte Ltd does not guarantee the accuracy or suitability of the information provided, and we do not make any warranties, express or implied, regarding its fitness or applicability. While we strive for accuracy, reliability, and completeness at the time of writing, this information should not be solely relied upon for financial, investment, real estate, or legal decisions. It is advisable to seek guidance from a qualified professional who can consider your specific circumstances. We hold no responsibility for decisions made based on this information.

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