What you Need to Know About Renovations During a Cost-of-Living Crisis

It’s a scary time when a simple supermarket shop makes you fear for your bank account. But just because the cost of living is sky high across NZ, it doesn’t mean you have to put home renovations off for another year.

Here’s what you need to know about tackling home renovations during a cost-of-living crisis. And to get the ball rolling, speak to Tauranga’s specialists at The Renovation Company today.

1) Budgeting will be your best friend

When times are tough, it becomes more important than ever to stick to a budget. Before beginning any renovations, determine what your priorities are and what you can live without. Make a list that you can refer to so you don’t get carried away and blow your budget. And always have a contingency plan – home renovations can be unpredictable, so it’s wise to set aside 10 to 20 percent of your budget for unexpected expenses.

2) Find a reliable company for your renovations

Choosing a reliable building company, house painter or plasterer to carry out your home renovations can save you money throughout the entire process, so look for a contractor with a good reputation quality of work, ability to meet deadlines, and affordability.

If you don’t know where to start, ask friends and neighbours for referrals and read online reviews about home renovations in Tauranga. You can even ask building companies about their past builds – a good contractor will happily share references so you can check their work and ensure you’ll be satisfied.

3) Energy efficient renovations lower your monthly expenses

While you might be looking forward to updating the aesthetics and comfort of your home, have you given any thought to improving your home’s energy efficiency? It’s a good idea, since energy efficient homes can dramatically reduce your monthly power bill.

Home renovations can be altered to maximise sunlight, add in insulation, double glaze windows, and install energy-wise appliances and lighting. At The Renovation Company, we’ve got an abundance of knowledge on how to improve any home’s energy efficiency.

4) You’re doing good for your Tauranga community

The double whammy of a cost-of-living crisis and recession means the local Tauranga economy can use all the support it can get. If you’re able to take on home renovations during this time, you can feel good that you are helping stimulate the local economy which has positive knock-on effects for the entire community.

Is now the time for a home renovation?

Are you considering a home renovation in Tauranga during the current cost-of-living crisis? While it may seem like a daunting task, the benefits make it a worthwhile investment. Start your project today by giving The Renovation Company a call.

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