The words ‘extension’ and ‘budget’ don’t seem to fit in the same sentence together. However there are ways to get an affordable extension even when you have a tight budget to work with.
We’ve outlined some of the most practical and useful methods below, so you can keep them in mind when thinking about your own extension project.
How To Save Money On Your Extension
The more complex your extension is, the more expensive it will be. Therefore the simpler you can make it the cheaper it will be. This basic rule can make a huge difference to the final costing. It’s very easy to start adding things you don’t really need in the planning stages. You should remember though that these items still have to be paid for. Simplifying your plans as much as possible while still getting the extension you need is the aim.
You can also save money on the interior of your new extension. This doesn’t just apply to being smart with your decorative skills either. We are all into recycling nowadays so try and apply this to your build as well. Think about reusing or recycling old items that still have life in them. Many salvage yards will have floorboards, bricks and other items that will be far cheaper than their brand-new counterparts. If you apply the salvaging frame of mind to your entire build you might be surprised at the savings you can make. Apply this to radiators and furniture for your new extension too and create a look you won’t be able to get from the shops.
Cutting Costs Without Cutting Down On What You Need
It’s a good idea to know where best to cut down or cut back on things too. For example, hiring an architect will cost you money, but this isn’t an area you should skimp on. If you decide to go it alone you could be storing up other expensive problems further down the line if your plans run into problems. By getting advice and input from an architect at the start, you should find the whole extension process is a lot smoother and more affordable.
Conversely project management is one area you can legitimately save money on. However much your extension costs, you can expect to pay up to 25% more for a builder to project-manage it for you. Needless to say if you do this job yourself you can save that money.
The Importance Of Getting Quotes For The Work That Needs Doing
Another tried and tested way to make sure you reduce the costs of your new extension is to get several quotes for the work that needs doing. Ideally you want to get at least three quotes for your house extension project. Try and look for people who are not registered for VAT as this can reduce the amount they will charge accordingly – providing yet another means to save money.
If you opt for the first quote you get you could end up paying a lot more when there is no need to. Of course you have to hire a contractor you like and trust, but do pay attention to the prices. Evaluating different quotes is one of the best ways to reduce your costs still further.
Working With Your Budget
Remember, you should have a contingency budget in case anything goes wrong. However you can still bring down the costs of any project simply by planning in advance, getting quotes and knowing where you can safely reduce your outgoings without jeopardising the project. By following the steps above you should find you can enjoy and complete a more affordable extension project.