5 Ways to Get Better Value for Money in Your Renovation Project
We all want the best quality result for our project, but at the same time, it’s always nice to save a bit of cash in the process! After all, no one wants to have their enjoyment of a beautiful new feature spoilt by wincing at an overly expensive price tag.
Bischell always incorporates ‘value engineering’ into every project, which means that we consider ways to cut costs whilst still maintaining the best aesthetic result. However, when you’re deciding how to take your project forward, there are a number of other ways where you can get better value for money as well. Let’s take a look at a few of these:
1). Use design and build
The design and build method offers a number of time and cost saving benefits over the traditional approach of using separate design and construction firms. By having the design and build teams within one company, you can benefit from a far more refined and efficient working relationship between the two sides to potentially save thousands of pounds overall.
2). Consider returns on investment
When you buy a house, the money doesn’t vanish into thin air, as it’s possible to eventually re-sell your home and recoup most or all of the money you put into it (with even a little bit of profit to boot). The same goes for home renovations. By carefully planning how you conduct certain designs, it’s possible to add considerable value to your home which then pays you back if you eventually decide to sell it. For example, loft conversions alone can add tens of thousands of pounds to the value of your property. There are also certain types of designs (such as open plan) which are more appealing to a wider audience and thus command a higher property sale fee.
3). Spend more when you need durability
A cheap fixture which initially saves money may end up costing far more in the long run if it needs to be replaced due to a breakage. That’s why it can pay to invest more in quality fixtures which will be regularly used and need to be more durable, such as light switches and taps.
4). Insulate
If your project involves extensive renovation work on ceilings, lofts or walls, then take advantage by installing new insulation while you have the opportunity – especially if the existing insulation is old or lacking in quality. This not only helps keep your rooms warmer during the winter, but the reduced heating bills can actually pay back the cost of the insulation plus extra in the following years ahead.
5). Tailor the design to your lifestyle
One of the best ways to get the strongest value for money is to make sure that the right cash is spent on the most important things. Here at Bischell, good design isn’t just about aesthetics, it’s also about understanding your lifestyle and tailoring the plans to suit. For example, if you don’t regularly cook, then it may be best to save money on appliances and buy a mid-range stove instead of something more expensive. This then allows you to put that saved cash into something which you’ll find more useful. On the flip side, if cooking is a hobby, then it may be worth saving money in other areas and then investing that into a top-of-the-range kitchen suite for you to enjoy. There are many other situations like this throughout the home where you can adapt them to your lifestyle to ultimately get the biggest bang for your buck.
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