Transforming the look and feel of your space doesn’t need to break the bank or your back. With careful planning and savvy budgeting, you can elevate your apartment affordably and to a realistic timeframe too.

In this guide, we’ve covered the latest insights into managing costs, prioritising value, and ensuring that your project stays within budget with 3 top tips.

How much do renovations cost?

Firstly, it’s important to know the level of commitment you should prepare for.

Before you decide on the changes you’d like to make, you’ll need to do your research. Kitchen renovations remain one of the most expensive projects to complete, and it’s estimated that kitchen costs have increased by over a fifth since 2020.

While some refurbishment projects can be undertaken with money you’ve saved on your own, others may require significant investment. Many homeowners kickstarting a renovation choose additional funding, since financing options like secured loans strengthen foundations for any project. Just make sure you’re ready for the cost before you start.

How to renovate on a budget: Our 3 top tips

DIY, wherever possible

Desirable interior features can be very expensive, so it’s worth looking for ways to enhance your home without spending a fortune. If you’re happy to work with a glue gun, you can mimic the look of genuine panelling by using simple timber strips or MDF and decorative moulding. Why not recycle scraps or upcycle old pallets?

It’s always worth finding ways to save on labour costs by getting the work done yourself. If you’ve got the skills to work effectively and you’re willing to wear the right personal protective equipment, there should be nothing holding you back.

Seek multiple quotes

You’ll still need to rely on the professionals for the heavier work, so don’t be fooled into accepting the first offer.

Compare quotes from multiple contractors to make sure that you’re getting the best deal for the work required, especially if you’re asking the same firm to complete more than one job for the project. Don’t be afraid to work with multiple businesses to get the best quality of work.

While value is important, you should never compromise on quality in search of a better price. Check genuine customer reviews on sites like Google Maps or Trustpilot to get a feel for the experience and level of service you’d expect to receive.

Prioritise long-term value

Finally, it’s so important that you try not to get carried away with ambitious plans. Set a realistic budget that includes a contingency fund, which could help you to cover unforeseen expenses and avoid unwanted financial strain.

As for the work carried out, you should try to focus on updates that improve the usefulness of your living space utility and increase property value. From kitchen remodelling to bathroom upgrades, there are plenty of upgrades that matter to more to the modern buyer than others.

From energy-efficient appliances to renewable home heating systems, sustainable technologies are one of the most effective ways to futureproof your home – and its value.