Ah, condo living. In today's housing market, condos offer the perfect balance of affordability and convenience; they're an attractive choice for many people who want to own a home without breaking the bank.
But if you've been a condo dweller for any length of time, chances are you know that in order to reap all its benefits, it must be kept up - which is where renovations come into play. While renovations can cost a pretty penny, there are plenty of cost-saving ideas to get the most bang for your buck when renovating your condo—here we'll go over how!
Condo Renovation Cost: How Much Budget Should You Have?
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Before you start any house remodeling project, it's important to have a good idea of your budget. To ensure that things don't spiral out of control, condo owners should plan on setting aside 20–30% of their total condo purchase price for renovations. This will help you stay on track and know what types of projects are reasonable within your budget.
For example, a typical condo renovation cost in the Philippines could range from PHP 50,000 to PHP 250,000 and up. This gives you an idea of the scope of work that can be completed and how much needs to be reserved for each renovation project.
In some cases, it may be worthwhile to increase your budget. This could include things like upgrades to the kitchen and bathrooms (which tend to require more specialized materials) or the installation of modern appliances for energy efficiency.
Choosing Your Renovations Wisely
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Now that you have an idea of your home renovation budget, it's time to decide what types of renovations you're going to tackle. As a condo owner, it's important to understand the limits and restrictions associated with condos in terms of renovations; this will help you make sure that all the work you do is approved and up to code.
Next, consider the types of renovations that are most cost-effective for condos; these generally include updating fixtures (like lights, door knobs, and showerheads), painting interior walls, upgrading countertops and cabinets, or replacing flooring. These are all relatively inexpensive updates that can really refresh a condo unit and make it feel like home!
Finally, consider the types of renovations that will add the most value to your condo. One example is adding new appliances (like a washer/dryer) or updating existing ones. Additionally, remodeling bathrooms and kitchens can really pay off in terms of increasing your condo's resale value for investment opportunities.
House Renovation Checklist and Best Budget Renovation Tips for Your Condo
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Making over your condo can be a fun and exciting experience. You get to transform your living space into something that reflects your personal style, making it more functional and comfortable. However, renovating a condo can be expensive, especially if you’re on a budget. Here are some of our best tips on how to get the most bang for your buck when renovating your condo on a budget restraints.
Shop Around for Supplies
One of the best ways to save money on renovations is to shop around for supplies. Don’t just buy from the first store you find; take some time to compare prices on essential materials like paint, flooring, and fixtures. It can be helpful to make a list of all the items you need before you start shopping so you can compare prices more effectively and easily.
DIY When Possible
Doing as much of the work yourself as possible is also a great way to save money on home renovation costs. Small home renovation tasks like painting, hanging shelves, installing crown molding, and other basic carpentry tasks don't require professional experience but can help transform your space in a big way.
Hire The Right Professionals
That being said, hiring the right professionals for more sophisticated tasks like plumbing and electrical work that require expertise is still important. Make sure you get quotes from multiple contractors and read reviews before hiring someone to do larger jobs.
Be Strategic with Paint Colors
Nothing beats a fresh coat of paint when it comes to giving your condo an instant facelift. But before you head out and buy gallons of paint, consider what colors will give your home the most impact without breaking the bank. Instead of using bold colors or multiple shades, opt for neutral hues like whites, grays, and beiges. These colors have an airy feel that makes existing spaces look bigger and brighter, which equals more bang for your buck. And if you want to add pops of color here and there for visual interest, you can always accessorize with colorful throw pillows or artwork.
Spend Wisely on Furniture
Furniture is one of the major renovation expenses when renovating a condo on a budget. If possible, invest in quality pieces that will last longer and won’t need replacing soon after purchase. It might mean spending more now but think of it as an investment—you’ll save money in the long run since you won’t have to spend money on brand-new furniture replacements anytime soon! Also, try shopping at surplus shops, thrift stores, or garage sales for unique finds that won’t break the bank but still make an impact in terms of style.
Use As Many Recycled Materials
If you’re looking to save a few home decor costs on your home renovation, think about recycling old but usable stuff, such as furniture and fixtures, from other areas of the house. This can be especially helpful if you’re updating the entire condo—you could move an armchair or table from the living room into the bedroom, for example. As long as it fits in with the style you’re aiming for, this is an easy way to save money and give your space a unique look.
Maximize Existing Spaces
Storage space tends to be at a premium when it comes to condominiums, so make sure you maximize it as much as possible! Baskets are great for storing items like magazines or other knick-knacks while also adding texture and color to any room. Floating shelves are also great space-savers—they provide extra storage without taking up too much floor space. Investing in multi-purpose furniture is also smart—pieces like ottomans with hidden storage compartments are great ways to store items without sacrificing style or comfort!
Make Smart Decisions
Lastly, when renovating a condo unit, it is important to make smart decisions. Invest in quality materials that will last instead of buying the cheapest products you can find. Aim for timeless updates instead of trendy ones, and consider making improvements that will increase your condo’s resale value. This way, you will get the most out of your renovation budget! Following these tips can help you keep your condo renovations within your budget and create a space to which you are proud to come home.
With these tips, you can give your condo its own makeover without breaking the bank! Start with small updates such as a new paint job or changing furniture pieces, then slowly work towards larger renovation projects as time goes by— remember not to skimp out on quality materials if you want long-lasting results! By following these tips, you'll be sure to get maximum value from every cent spent on making over your condo!
While you're at it, Vista Residences offers a variety of condominiums with complete amenities. Vista Residences units come with a selection of home furnishings, so you can be sure your dream home will look stylish and modern from day one. To learn more, visit our website now!
For more information on Vista Residences, email [email protected], follow @VistaResidencesOfficial on Facebook, Twitter, Instagram, and Youtube, or call the Marketing Office at 0999 886 4262 / 0917 582 5167.
