You want your home renovation or new home construction to be worth the money you’re investing in it.

Unfortunately, home projects can often run into snags that can add thousands of dollars of unexpected expenses. The ultimate key to avoiding these costly mistakes is in the planning. Here’s how to avoid expensive mistakes when renovating or building a new home.

Stick to Your Budget

Any South Surrey renovation contractor or custom home builder will tell you the best way of saving money on a project is to have a budget and stick to it. Ideally, add up all expenses before construction begins. Then, factor in an additional 15% for any cost overruns. A budget like this equips you for anything.

Note Your Return-on-Investment

We all have our reasons for renovating. If you aren’t going to get a sufficient return on a renovation or new home build, avoid it and spend that money elsewhere. Especially if you’re renovating to sell your home, consider how much of the cost you’ll recoup in the final sale.

Avoid Putting a Home Renovation on Credit

It’s much smarter to wait, save more, and then act rather than start renovating before you’re truly ready and having to spend some of your credit. If you do have to finance a part of a construction or renovation, explore all available avenues. A home equity line of credit, a personal loan, etc. Search for the best interest rate. Avoid overpaying on the back end of your constriction project.

Choose the Right Contractor

Contractor errors happen, though rare. Ensure you’re working with a contractor that’s professional, honest, and that provides you an agreement in writing. Check for their license number, ask about if they offer any warranties, and ensure they are bonded and insured. In researching different contractors, look at online reviews, check references, and ask about their past experience working on properties like yours. Find the right contractor for you and you’re set.

Pick And Choose Where You Cut Costs

The average remodeling, renovation, or custom home build is already thousands of dollars. Understandably, you want ways to cut costs. Don’t automatically jump to using cheaper materials. Talk to your contractor. See what they recommend. If you skimp on material quality today, you could end up paying for it a few months or years down the line having to renovate again.

Don’t Sacrifice Form for Function

Your home has to function like a home. Especially in a renovation or custom home design in South Surrey, ensure you’re considering how a space is going to function with furniture, appliances, electrical, plumbing, and flooring. You can easily end up doing more work than what’s needed to achieve the right space for you.

CBR Construction is a team of contractors that know the ins and outs of renovation and construction. Avoid costly home renovation mistakes in South Surrey by going with a contractor you trust. Professional, workmanship guaranteed.