On most renovation projects the final figure is higher than the client originally planned. This isn't always the contractor's fault — often the budget wasn't planned realistically. Here's how to do it right.
Step 1: Define the scope of work
Before anyone quotes, you need to know: what exactly do you want done? Make a list: which rooms, what renovation level (cosmetic/mid-range/full), does the plumbing stay, are windows being replaced? The more precise the scope, the more accurate the price.
Step 2: Get an itemised quote
Don't accept a "per m²" price without discussion. An itemised Excel quote shows you exactly what you're paying for. No line items = no transparency.
Step 3: Plan a contingency
Every renovation can reveal hidden problems: old pipes, moisture, poor floor base. Always plan at least 15–20% contingency on top of the main cost. Those who don't typically panic at the first unexpected item.
Step 4: Prioritise
If budget is limited, decide: what you must not cut corners on (plumbing, electrical, waterproofing), and where you can (surface finishes, furniture, decor). Never compromise on structural or mechanical work quality.
Step 5: Fixed price in the contract
The only way your budget is actually a budget: fixed price in the contract. No surprises at final invoice. At ConSol we guarantee this on every project.
Frequently asked questions
Total cost: labour + materials + contractor coordination fee + permit costs (if applicable) + contingency (15–20%). Most people forget the last two items.
Recommended: 20–30% deposit at start, milestone payments (e.g. plumbing done, tiling done), and 10–20% at handover. Never pay everything upfront.
Yes — a bank personal loan, government subsidy programmes (if the property qualifies), or a payment schedule agreed with the contractor. Worth discussing before the project starts.