So you’ve collected keys to your new home, yippee! Next would be the important (and slightly daunting) task of renovating your biggest asset. We hope these tips will help you make substantial savings and also make the experience less daunting or stressful for you.
1. Engage A Recommended Interior Designer
Contrary to popular belief, engaging an interior designer will likely save you money instead of adding to the total cost of your renovation.
As most home owners have very little experience with renovations, and have to look for everything from flooring to fittings to furniture on a piecemeal basis, costs are likely to spiral out of control even with a budget in place.
Professional interior designers have access to industry discounts that are out of reach for most of us, and have the task of keeping the renovation within budget. An experienced and qualified interior designer will also be able to show you his/her portfolio and given suggestions to flesh out the ideas that you have in mind.
This certainly saves time going around every furniture and lighting shop in Singapore and gives you a holistic perspective of how all the myriad pieces will fit together to fulfill your dream home design.
Be sure to get a trusted interior design, preferably recommended by people you know, and ensure that you are dealing with a qualified one instead of contractors offering ‘free interior design’.
2. Mark The Dates Of Warehouse Sales
Go shopping for your new home while waiting to collect your keys! Mark the dates of annual sales such as the annual Philips Carnival Sales or Robinsons Mattress sales which offer significant discounts for home appliances, entertainment systems, lighting; and high-value purchases like mattresses.
If you have no space to store these bulky purchases, for the discounts you get, it may be worth considering storing them in self-storage for a few months.
Do check out annual home fairs like My Home Grand Furniture & Reno Expo to get ideas as well as great deals.
As many of the fittings, furniture and home appliances you purchase will likely last you for many years, (even decades), it makes great sense to lock in the best deals on these by planning your purchases around the sale dates.
3. Be Creative!
Home renovation should be fun. After all you are building a place of your own to enjoy with your loved ones. To get inspiration for storage tricks or space saving furniture, check out ideas on crowd-sourced platforms like Pininterest. After all, saving space is saving money as you can make more productive use of the total area you have.
Check out IKEA’s catalogue for everything from Scandinavian kitchens to cheery kids’ bedrooms and a wide-range of colour-coded furniture. You’d often be surprised at the deals and quality you can find.
For the best renovation loans in town, Moneysmart is here to help!
What other renovation cost saving tips have worked for you? Share them here!