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Recently I talked about how to create a renovation timeline and stick to it. Now I want to talk about the money side of things.

If you’re already at the “pick up the tools and go” stage, you would have a pretty detailed budget in place already. If you don’t have a budget set out, please don’t jump the gun and start knocking down walls. Instead, take a look at my previous post on four ways to work out your renovation costs first.

Now that you have your budget all worked out, how are you going to filter in any changes? What if it turns out you need to replace the old piping because it is rusting? Or perhaps you decide to extend the splashback to the ceiling – where will the money come from and how will it fit in with the rest of your budget?

All of these are questions you might come across as you get further and further into your renovating project.

So you have to know how to stick to your budget, but be flexible at the same time.