Avoid Bursting Your Renovation Budget (4 Steps You Must Follow!)

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Without a solid plan to manage your cost of renovation, expenses can quickly snowball.

The Good News???

With a few smart tips, you can easily avoid bursting your home renovation budget.

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4 Steps to Stay Within Your Renovation Budget

1. Settle on a Realistic Budget

Before meeting renovators, decide on a feasible and realistic budget based on your property type.

Clueless? Check out the latest average renovation costs.

2. Prioritise Your Renovation “Needs” vs. “Wants”

Listing your renovation “needs” vs. “wants” can help you identify unnecessary expenses and prioritise your renovation budget accordingly.

Renovation Cost Savings in Singapore

Example of potential renovation costs savings when you prioritise your “needs” over “wants”

Needs	Wants	Renovation Costs Saved
Built-in Wardrobes for Storage	Walk-in Wardrobes System	Est. $2,000 - $3,000
Essential Lighting (LED lights, Ceiling lights)	Ambient Lighting Systems (Cove lights, Spot lights, Down lights)	Est. $1,000 - $3,000
Basic Painting	Feature Walls or Textured Paint (Limewash, Microcement wall finishing)	Est. $2,000 - $5,000

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‍Pro-Tip: Allocate renovation budget for your “wants” only after fulfilling your “needs”.

3. Tailor Your Renovation to Fit Your Lifestyle

Your renovation needs should reflect your day-to-day lifestyle.

Eg. If you rarely cook, having a high-end kitchen countertop may not be a priority. On the other hand, if you have children, investing in more storage cabinets to reduce clutter makes sense.

Important: Always ask yourself if a current trend will stand the test of time and will it still be relevant as your lifestyle evolves e.g. having children

4. Buffer for Unexpected Renovation Costs

According to the Consumers Association of Singapore (CASE), renovation budget overshoots are one of the top 3 complaints in Singapore.

We strongly advise you to set aside ~10-20% in the event of renovation hiccups. Some renovation costs are difficult to predict beforehand e.g. hollow tiles popping-out during hacking etc.

Bonus! 3 Tips to Minimise Your Move-in Costs

Take Advantage of Sales and Discounts

Timing your purchase of big ticket items during seasonal sales events (11.11, 12.12, or group-buy deals) can significantly reduce your cost of renovation.

Here’s another trick…

Go sign up for multiple new cashback/miles credit cards! You’ll very likely hit all the minimum spending requirements for newcomer rewards.

Pace Your Purchases

Instead of purchasing everything upfront, consider gradually adding furniture and appliances along the way.

This will not only lower your initial costs but also prevent impulse purchases.

Compare 5 Renovation Quotations

We recommend meeting at least 5 CaseTrust-Accredited renovators.

Comparing enough quotes will give you a clear sense of the fair market renovation costs.

However, the most important step to take is to find renovators who are willing to work within your renovation budget.

Some renovators have minimum budget requirements while others prefer to work with a smaller budget.

This is usually not stated upfront as renovators may not want to lose the opportunity to meet or persuade you.

So… how do you meet renovators who can work within your budget?

👇 That’s where we can help!

We’re the only platform that screens renovators on an individual level. This means that we know their “unspoken” budget requirements and strengths. And… this also means that we’re super confident in helping you find suitable renovators who can work within your budget.