Whether you are renovating a space for reinvestment purposes or for your own personal use, budget is a key factor that will determine how successful your project will be and if you will get to complete it. Not having enough funds can be a good excuse to keep postponing a very important renovation project, but it doesn’t have to be an excuse anymore if you know how to make your funds work for you. So if you have the finance to start the project but do not know how you will complete it because the extent of work to be done exceeds your funds; here are some tips that worked for me that I think would be helpful to you too:
Remodeling by work-type requires more money as you would be paying for more materials and labour to cover all related work (in this case re-tiling) for the entire project. It does have the advantage of discount from suppliers which saves you money in the long run. You can switch to remodeling by space if you don’t have enough money to cover a particular work throughout the project and just pick a space. You will be buying less materials and spending less for labour in the short run. Its more convenient, but cost more in the long run.
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|An example of a cost sheet for a kitchen renovation|