What will it cost me to renovate or build my home?
This is one of THE MOST common questions I get asked by homeowners.
Frustrated homeowners … who …
- don’t know how to find out this information
- can’t make the decision about renovating or building until they know what the cost is
- get sick of all the wide-ranging advice they receive as an answer to this question
- just wish someone would give them a simple response!
One of the best ways to save time, money and stress on a project is to set your budget first. So – how do you do this? And just how do you determine what the cost of your project will be … before you start? Here, in this short video, I take you through my tips.
(Don’t want the volume up? Hit the “CC” button on the video and you can read the subtitles.)
Some resources to help you
This is a great calculator to get you started on some estimates for your project >>> Home Design Directory
This one has been created by an architect in Sydney … give it a try >>> All Australian Architecture
AMP has a budget tool where you can plug in your estimates, and track your budget against them (it says it’s for renovating, but will work for building too) >>> AMP
Over to you …
Got any questions about working out the cost of your renovation or new home? Pop them in the comments below.
Other blogs you may find useful …
Where does money disappear in a renovation or new build? These are the key areas I see all the time.
One of the mistakes I see homeowners make, is that they forget their budget is real money. Here’s what I mean.
“I love it! I want it! I can’t afford it!” Here’s what to do instead.
With over 30 years industry experience, Amelia Lee founded Undercover Architect in 2014 as an award-winning online resource to help and teach you how to get it right when designing, building or renovating your home. You are the key to unlocking what’s possible for your home. Undercover Architect is your secret ally
Hi Amilia, this is so helpful. And it makes so much sense. I had made a huge mistake in my first renovation that I relied on a “ballpark” figure from a builder and the project went over budget significantly. Now I have followed you since last year, it became clear to me that preparation and investment in understanding the renovation is the key. I think I was just lazy. Almost like taking pills to try to lose weight without exercising haha. Only understanding the exercise programs and putting in hard work will get us healthy body. I will definitely look into your courses when my second renovation gets planning stage. Thank you so much for sharing all your knowledge again.
Kind regards
Vanessa
Hi Vanessa,
You’re so welcome. Thanks so much for sharing your experience, and it’s very common. I don’t think you were lazy – just not informed about what to expect. It’s what we’re fed on reality TV, so it’s not surprising that’s how you proceeded. I’m so glad you’ve found Undercover Architect too, and hope it’s super helpful for your preparation. Look forward to having you inside the courses when the time comes too!
– Amelia, UA