What’s the Most Common Mistake People Make with Renovation Projects?
Definitely not budgeting enough time and/or money. It always takes longer and cost more.
It’s best to start interviewing design professionals as soon as you are considering a project. Experienced design professionals and help you with determining the budget and time line. Even for a DIY project, paying for a consultation session with a professional can save you time and money.
When it comes to money, I suggest setting aside additional 5% – 10% of your project budget as the “emergency fund”. Almost always, “unforeseen circumstances” occur during the construction process. If it turns out the extra money was not used, it’s yours to keep!
For best results, you should allow a minimum of 2 – 3 months for planning and designing for a small project. Large projects require more time for designing. No matter how experience the designer is, each project is unique and require time for study and research. You also want to explore different options and make the educated decisions.
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