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Mar 16, 2017

Home Renovation Costs: When to Splurge, Where to Save

Mar 16, 2017

Home Renovations Costs and keeping your project within budget are often major concerns for homeowners. Undertaking a major home renovation and extension is a large investment in your family home, and in your family’s future.

There are a myriad of decisions and selections that need to be made, and overarching it all is a budget that you are determined to work within. Amongst it all, you will inevitably find yourself pondering questions such as:

 

  • ‘’Where should I spend big on my renovation project, and where should I try to cut costs and save?’
  • ‘If I cut costs now, will I regret it later?’
  • ‘If I splurge on expensive items, will it add value to my home?’

New kitchen flooded with natural light by Amerex Renovations and Additions

Home Renovation Costs and when to splurge

There are some aspects of your home where it will definitely be worth splurging extra cash on. This is especially the case for fixed items that are difficult and expensive to replace or retrofit later on.

Our number 1 splurge item for your home renovation is a stone benchtop in the kitchen

A stone benchtop is an absolute must. Alternatively you may opt for another good quality surface. Whatever you choose, choose the highest quality you can afford, you will thank yourself every day for a long time to come! They do not come cheap, but they are worth every cent.

Modern gray kitchen features dark gray flat front cabinets

Buy quality Kitchen Fixtures and Fittings

Kitchens are the central hub of the home, and scrimping on costs in the kitchen is something that you will regret later on. It will also limit the resale value of your home if your kitchen does not stand the test of time due to poor quality finishes and fixtures. Another way of looking at it, is that the kitchen is used every day and needs good quality fixtures, appliances and finishes to withstand the treatment they will get.

 

Storage, Storage, and more Storage: build in as much storage as you can fit in

Character home renovation with new kitchen to post-war heritage home

Build in storage wherever you can manage, there can never be enough. If you are building a second storey, talk to your Designer about utilising the space under the stairs.

In the kitchen, there are many nifty inserts that will allow you to use space even in the tightest corner. Where-ever you can find a space for storage, you will thank yourself for it later.

Install Home Security now and save later

If you don’t have it, get it. Your home is your castle and building in security at the same time as other electrical work will save you money in the long term, and provide great peace of mind. So in effect, this tip is both a splurge and a save item!

 

Home Renovation Costs and where to save

Saving in a home renovation is certainly not about taking short-cuts. In fact, cutting corners will inevitably cost you money in the long run. Careful planning, and not being tempted to purchase the latest fad items are areas when you can really save.

Save with smart planning and clever design

Bathroom renovation with claw foot bath

Having a master plan will save you money. A good designer will ensure that you maximise the potential of your block orientation and design a solar passive home extension that uses natural light, and natural air-flow as much as possible. This will save you in future costs, with future savings factored into the design that will result in saving you money on cooling and heating in the future. Consider long term costs, not just short term gains.

Do you really need all that space?

Big is not always better, just ask Pinocchio!!. More floor space will add thousands per square metre to your total budget. Do you really need it that big? Consider good design over large design. A well utilised space will be enjoyed more than a barn style approach.

Beware of gimmick or fad items

home renovation costs - pot filler

Beware gimmick purchases or luxury end items that are unlikely to get much use. A great example of this is a as a pot-filler. A what? A pot-filler is a faucet installed on your stove top so that you can fill a pot of water without having to carry it from the sink. These peaked in popularity in the U.S. some five years ago, and have steadily fallen from favour.

While it is not a disaster if you fall for a fad item, it is an area where you can save money. So in this example, there is extra plumbing and a fixture that you simply do not need – unless you boil big pots of water every day. Beware the bells and whistles!

Bathroom Tiles do not need to be expensive

Powder Room

Bathroom tiles do not need to be expensive to look good. A good tiling company or interior designer should be able to assist you with a great design, pattern or colour to match your taste, without costing you a fortune.

There are often sales available on tiles, where you may be able to get premium quality at a discount rate. Tiles are often reduced to clear the last remaining stock, so a word of caution.

You will need to ensure that there is ample stock to meet your requirements, while also allowing for wastage. If you do not have enough tiles and need to order more, chances are that they may come from a different batch, and colour or texture variations may not match the existing tiles.

For more tips on selecting tiles and what to look out for, please read our article on the Top 10 Renovation Mistakes to Avoid.

Other renovation articles that may be of interest....

What are people saying about us?

Contact

If you would like more information about any of our services contact us today

t:(08) 9227 1822   e:info@amerex.com.au

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A member of the Amerex team will arrange a time to discuss your
renovation and additions project and assess what stage you are at in the building process.

PO Box 328, North Perth WA 6906
ABN: 67 009 252 680   Builders Registration: 10250

Amerex

10 Monger Street, Perth WA 6000
PO Box 328, North Perth WA 6906
t: (08) 9227 1822
e: info@amerex.com.au

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Google Reviews

Cymbie Burgoyne
Cymbie Burgoyne
01:41 17 Jan 19
I was fortunate to have Steve, Kelly and the team at Amerex build my extension. Their's is a professional, highly skilled, approachable business with exacting standards and the ability to work with you from the planning stage to completion. This professionalism extends to all who come on site. Kelly's capable and warm project management ensures that everything runs like clockwork and all your queries are dealt with extreme efficiency. Very Happy!
Laila Gizzarelli
Laila Gizzarelli
07:11 19 Dec 18
We completed our first home renovation in North Perth with Amerex last year. We were undertaking a large two storey renovation of our dream home and the decision to choose Amerex came down to the high level of professionalism, expertise, excellent customer service and vast knowledge that Steve and the team displayed in character home renovations. We had not renovated in the past and we were very unsure of the process however Amerex staff spent a lot of time assisting us with the design process, they were always available to answer our enquires, provided valuable suggestions, were extremely patient and completed our project ahead of schedule. We would highly recommend Amerex as we have ended up with a beautiful home that displays excellent workmanship and a highly functional design. The home is exactly as we imagined it to be and our family and friends have all complemented on the amazing final result. We thoroughly enjoyed the building process with Steve and the highly skilled Amerex team and extend a big thankyou to all the staff who helped us along the way( Kelly, Loretta, Maryanne and Pete !)
Eric Trevaskis
Eric Trevaskis
06:21 11 Dec 17
It was an absolute pleasure to deal with the Amerex team for our home renovation. From Steve Burke the office staff & the various tradespeople, we received exceptional customer service. The skilled tradespeople were reliable, obliging & committed to the highest level of quality on our home. NOTHING was too much trouble. Steve, Pete (the foreman ) & the office staff, especially Kelly, were always available either on the phone or on site if we had any queries. We knew we could always make direct contact with them & that any queries would be quickly resolved. We felt that we received a very personal & professional service from the Amerex team. Amerex came in on budget, they completed the work earlier than scheduled & they ensured our renovation ran smoothly throughout. Thank you Amerex. We love our "new" home and our family and friends are amazed at the transformation. We would wholeheartedly recommend Amerex. Eric & Kristine Trevaskis. .
Jacqui Seymour
Jacqui Seymour
05:52 09 Aug 17
AMAZING experience. We have just completed a major renovation, and over 18 months dealing with Steve and the AMEREX team. We had a 1930's California bungalow and required the character at the front to be maintained whilst adding almost an entire new house to the back including a second story. We have built twice before, both new homes one with larger builders. The difference between that and our experience with AMEREX was astounding. This was actually an exciting and pleasurable experience throughout. Rather than a number or just "another" client, we were made to feel part of the AMEREX family. The office staff (Loretta, Kelly and Maryanne) are a pleasure to deal with, nothing is ever too much effort. Kelly in particular is a great help with all the various selections and changes and is always smiling! We did not have an issue with a single tradesman throughout. And finally Pete (working foreman) and Steve (owner) are the most hands on, professional and customer focused we have ever met. I was able to speak to either at any time regarding any issue, many times Steve would suggest changes on site to improve the look or function of the renovation and Pete can do it all. No variation fees, complete flexibility, great workmanship direct line to the owners/supervisor, quality finish. We could not recommend AMEREX highly enough. Brenton and Jacqui Seymour Daglish
Rachel Green
Rachel Green
03:57 04 Aug 17
Amerex carried out a large renovation for us in 2015; almost a year-long project. Amerex, lead by Steve, have clearly been in the building industry a long time and offered valuable input and guidance prior to, and during the build. They used skilled tradespeople and quality materials; no corners were cut and I felt confident that the build was of the highest quality. Steve and his team communicated frequently with me along the way and I was involved at every step. I felt comfortable approaching him if I had any questions or concerns, he was always available and acted quickly to resolve any issues. The team at Amerex were reliable, professional and a pleasure to deal with. In particular Kelly, who would often go ‘above and beyond’, was always positive, and nothing was ever too much trouble. People who visit our home always comment on the finish and quality of the build, most believing it’s a new home and not a renovation. I will definitely use Amerex again, and would be happy to recommend them.
Phillip Madden
Phillip Madden
02:52 24 Nov 16
From the first meeting with Loretta from Amerex until the final check we have enjoyed the experience with Amerex. They have taken our words and ideas and built them into a quality finished extension that is functional and everything that we had hoped for. The entire team at Amerex lead by Steve are friendly, reliable, use quality materials and produce a quality outcomes. Our extension has the “wow” factor and guests comment on the exceptional open plan design that is built to entertain. We are very happy with the final finish and would highly recommend them to anyone.
Christine Tonkin
Christine Tonkin
09:05 24 Oct 16
The renovation of our home was its third reincarnation as it was originally a very ordinary rectangular 1950s Roman Catholic outpost church which we turned into a house on a tight budget in the late 1980s. As is usually the case, this current renovation was very significant and emotional for me and my family but more unusually, I was living overseas for almost all of the time the renovation was undertaken. We wanted a home that would comfortably accommodate our family and overseas and interstate visitors, provide a focus for entertaining a crowd, as well as being low maintenance and energy efficient. We selected Amerex as our builder because Steve Burke and his very competent team gave our family the confidence that they could be trusted to undertake this renovation professionally and sensitively including communicating progress every step of the way. Steve and his team took our conceptual design and made our vision a reality in very quick time with practical completion of this major renovation within 7 months of the start date. The site supervision was tight which meant that the work progressed easily between the various trades. What is more, the estimated cost of the job was accurate with variations only to suit changes that we required. The outcome was a home that delivers so much more than we expected in terms of comfort, quality and our initial objectives. It was a real pleasure to deal with Steve and his team. I would not hesitate to recommend Amerex to anyone who needs the services of a truly professional builder/renovator.
Dona Mecham
Dona Mecham
04:07 11 Oct 16
This is the first renovation/building undertaking we have experienced and we cannot speak highly enough of the quality Amerex provided. The project design was flawless, and we were extremely impressed with the marrying of the old and new. The attention to detail provided by Steve and his team was outstanding and our friends and family are quick to note this. We love the extra space and seamless flow of our family home. The Amerex commitment to using quality trades and ensuring the trades delivered on time and rectifying issues, was present throughout the building of our home. This gave us great peace of mind and for these reasons we would not hesitate to recommend Amerex.’
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