It is very easy to lose control of your budget when you have a project underway! Those little impulsive buys are hard to resist, and who can blame you for wanting to buy nice new items for your newly created space!
Creating the perfect home is a big emotional desire to most of us, you want to make it beautiful, and relaxing…..your own piece of heaven. We also can’t help but envy others and their lives and feel the urge to splurge to have what others have, and to be as glamorous and as good as we feel others are. However, bankrupting yourself to get the look you desire that you saw online or in the magazine is not the answer and there are savvy ways to get what you want without breaking the bank.
Discover How To Keep Control Your Budget Project!
Firstly, you need to get a great plan in place! You need to set aside three or four months prior to your project to think about every aspect of the job your about to start. From where sockets will go, to where light fittings will go, literally every part of the project needs to be thought about and designed right down to the smallest detail. If you have rushed the pre-planning process and made off the cuff decisions before your builder has even started then costs will start to creep up. If you find you are then purchasing items last minute, instead of in advance, you aren’t going to have time to look around for the best prices or you are going to have to pay premium delivery to get items on time, and it all adds up!
It can be hard to face up to the fact you are overspending but you must for the sake of your bank account and your sanity, because when costs spiral you can start to feel out of control! So take a deep breath and start thinking practically, ask yourself….have you achieved the outcome you wanted on your project? What is left to do? Are there sacrifices you can make to curb your spending but still be happy? Going over budget can have a big impact on you mentally, you can suffer with stress, insomnia, and anxiety all of which really won’t do you any good.
Here are 5 tips to help:
Make sure you write a detailed plan and costings sheet before you start a project, and make sure you add in every little thing right down to door handles. Then ask yourself is this an amount you can comfortably afford?
Consider the rest of the house! Once you have a shiny new lovely extension it could make the rest of your house seem dated and worn, so maybe factor in the costs of nearby rooms/areas you may want to pain/spruce up too.
Do a weekly cash flow to keep track of how much you have spent, this way if you spend more on a certain item you can look at where you could cut the costs on something else.
Be a smart shopper! Buying in bulk, getting good condition used items, going to sales, or using auction sites such as ebay can all save you those precious pennies.
Order early this will save you on having to fork out for fast delivery which generally comes at a premium cost!
It is very easy to lose control of your budget when you have a project underway! Those little impulsive buys are hard to resist, and who can blame you for wanting to buy nice new items for your newly created space! Creating the perfect home is a big emotional desire to most of us, you […]
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Michelle Gaffaney - Architectural Director With a wealth of experience working on a range of projects, Michelle Gaffaney has a passion for design and strong relationships with her clients. Connect with Michelle on LinkedIn