Renovation Budget

Tamara and I have been trying to work out a budget for our renovation. With the house lifting we have so far got 4 different quotes. They have a variation of about 35% and they all seem to cover the exact same things!

Raising and Restumping our house will, we hope, be the largest expense for our renovation. After that expense the next biggest will most likely be our deck and actually enclosing and building under the lifted house.

I have found that there is no company that will give us an exact price for lifting the house. They will usually give us some estimates but it’s normally accompanied with the statement “There could be some variation in that depending on …”.

Because of that it is quite hard to budget for the steps that we need to take in our renovation after lifting. We need to start booking people now as the contractors are so busy in Townsville, but it’s hard to know how many steps ahead to book since we don’t actually know how much money we will have to work with.

I read a good article about budgeting finances and time for renovations. You can read about it here:

Housebuilder’s Update: On time, on budget

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