3 Ways to Stretch Your Bathroom Renovation Budget

When visiting bathroom specialists, Melbourne residents will notice that quality costs money. Renovating a bathroom is not a cheap proposition if you want to create a bathroom that is luxurious and adds value to your home. However, there are areas where spending extra money has the most impact and others where it is less important. Knowing a few simple tips can still deliver a quality end product and stretch a budget a little further.

1. Get to Know Your Budget

A realistic renovation budget will be essential when moving forward with a project of this nature. It may seem overly obsessive, but you need to set up a spreadsheet to keep accurate track of your costs. Speak to professional bathroom renovation specialists and get an accurate picture of what your costs will be. Planning will help in the later stages where you may find that you have room in your budget for upgrades. If you’re on a very tight budget, you may want to break the project up into the most important improvement first followed by further renovations later. Keep all your receipts and update your spreadsheet after every expenditure so that you stay within your budget.

2. Leverage Your Savings Effectively

Now that you know your budget, you will have a good idea of how much money you need to save. Consider starting a savings plan to fund your project, some savings accounts offer bonus interest. If you have some existing saving you could lock them away in a higher interest savings, account to maximise your interest. It may be attractive to some people to pay for the renovation using a credit card. If you do this make sure to pay the principal off when the bill arrives to avoid unnecessary interest payments.

3. Consistency Pays Off

When carrying out a renovation project, the temptation is to pour resources into creating as much variety as possible. However, this is not always desirable, and in fact, it can be a bad design philosophy that costs more to implement. One way to cut costs is to use consistency to your advantage when you’re purchasing materials for your project. Buying materials in larger quantities will allow you to gain access to discounts that can really help your budget. A bathroom renovation usually looks better if simple elements are used, so as an example: opting for a single selection of quality wall tiles would kill two birds with one stone.

If they would like to know more about hiring the best bathroom specialists, Melbourne residents should contact us. Here at Matrix Bathrooms we have 40 years of experience in designing and installing high quality bathrooms. We provide bathroom renovations Melbourne homeowners desire with guaranteed start and finish times. Visit our showroom and website for inspiration for your bathroom renovation. If you have any further questions, our sales team would be happy to discuss your requirements in detail.