On today’s episode,
Managing cost overruns is very important when you are renovating, especially if you’re renovating for profit or for a client. In this episode, I’ll share some aspects of why reno budgets tend to go uncontrollable, which happens a lot, and what to do when you are in the middle of it. These strategies are all proven and tested because I’ve experienced and did them myself. So as a long-time renovator, I know how helpful they are to our aspiring renovators out there.
Listen to Episode 118: What To Do When Your Renovation Goes Off The Rails And You Blow The Budget
Episode Highlights
- [00:00:10] How to replace your income with renovating
- [00:02:03] Analysis paralysis
- [00:03:52] When your budget blows out
- [00:05:24] Unexpectedly high trade invoice
- [00:06:39] A leg to stand on
- [00:07:20] External forces are pushing prices up
- [00:08:11] Wrestling with the budget
- [00:08:41] Companies get more expensive
- [00:09:45] Go and find an alternative
- [00:11:04] It’s hard to leave money on the table
- [00:11:37] Something unexpected
- [00:12:53] Something goes horribly wrong
- [00:14:11] Turn lemon into a lemonade
- [00:15:10] Accumulation of several cost overruns
- [00:16:01] Don’t compromise the outcome as a result
- [00:17:08] Not all budget blowouts are bad
- [00:18:11] It had to be white
- [00:19:22] The right thing to do
- [00:19:52] Whatever you do, make sure you style it
- [00:20:58] Double whammy
- [00:21:36] Shameless plug
- [00:22:38] Caroma temple
- [00:23:21] Projects update
- [00:24:50] I know what sells