As you begin to design and plan your new home or renovation, chances are you’ll be: 
looking at the spaces you want to create 
how you want to wrap them up (their size, shape, etc ) 
and what you want to put in them (finishes, fixtures, furnishings, etc) 

When you start to allocate your budget to these dreamed and imagined spaces, finishes and fixtures, it can be a surprise to see how quickly it gets consumed.  

And often, in my experience, the reaction can often be “But where is all the money going?” 

There are many things required to create a working, finished new or renovated home, and they can chew up a significant chunk of your budget – and yet be almost invisible in the finished product.  

So in this episode, we go through the main areas where money can disappear in any project, so you can manage them in yours. I share the main hazards to be aware of, and how you can protect your budget in each of these areas.  

Of course, the ones I’m listing here are not exhaustive – the best way to manage your budget is to manage all of it!   

However, I’ve seen these areas regularly surprise homeowners, and end up costing them far more than they intended.  

I take you through 4 main areas that can swallow your budget for a seemingly invisible result. I also share key tips to help you protect your budget in these areas – and overall. 

Money gobbler 1:Services (especially electrical and plumbing) 

Money gobbler 2:Excavation and retaining 

Money gobbler 3:Your home’s skeleton (the structure) 

Money gobbler 4:Extra living expenses during your project  

And one last word on this …  

I see some homeowners behave like it’s a foregone conclusion that their project will blow budget and timelines. Renovating and building doesn’t have to be that way. 

The renovating and building journey is not a one-step process. It’s a step-by-step journey of discovery and selection. Sometimes you only have 2 options. Sometimes you have 200. Sometimes you may feel like you’re crawling, and at other times it feels like big jumps towards the finish line. 

The most straight-forward way to avoid nasty surprises on your reno or new home journey is to start with good information and a reliable team. Then you can also work to make informed choices as you go. Checking and adjusting along the way. What did we say in an earlier episode? ADAPT AND INNOVATE!! 

Revisiting your design, your budget and your timeline at each of these stages will help you do this, and make the best choices for you … your budget, your site and your life. That’s the way you create the perfect home for you.  

Listen to the podcast now to learn more about these 4 main areas, and how to protect your budget, and manage your risk overall. 

This season, Undercover Architect has a podcast partner: Kiiko LED. 

Kiiko LED is customisable, DIY, LED strip lighting, that you can order online to your specifications, for your needs and project.  

Kiiko LED is founded by Craig Thomas, who I’ve personally had the pleasure of working with for over 12 years now, in my own projects, and in client projects.   

And so I’ve been able to organise with Kiiko a fantastic UA Community only offer. If you head to their website at www.kiiko.com.au/undercoverarchitect you’ll be able to access a $25 discount to use on your first order.   

Check it out, and start building your Kiiko LED strip lighting now!  

FOR RESOURCES MENTIONED IN THIS PODCAST CLICK HERE

As you begin to design and plan your new home or renovation, chances are you&rsquo;ll be:&nbsp;
<ul>
<li data-listid="21" aria-setsize="-1" data-aria-posinset="1" data-aria-level="1">looking&nbsp;at&nbsp;the spaces you want to create&nbsp;</li>
<li data-listid="21" aria-setsize="-1" data-aria-posinset="2" data-aria-level="1">how&nbsp;you want to wrap them&nbsp;up (their size, shape,&nbsp;etc&nbsp;)&nbsp;</li>
<li data-listid="21" aria-setsize="-1" data-aria-posinset="3" data-aria-level="1">and&nbsp;what you want to put in them (finishes, fixtures, furnishings,&nbsp;etc)&nbsp;</li>
</ul>
When you start to allocate your budget to these dreamed and imagined spaces, finishes and fixtures, it can be a surprise to see how quickly it gets consumed.&nbsp;&nbsp;
And often, in my experience, the reaction can often be &ldquo;But where is all the money going?&rdquo;&nbsp;
There are many things required to create a working, finished new or renovated home, and they can chew up a significant chunk of your budget &ndash; and yet be almost invisible in the finished product.&nbsp;&nbsp;
So in this episode, we&nbsp;go through the main areas where money can disappear in any project, so you can manage them in yours. I&nbsp;share the main hazards to be aware of, and how you can protect your budget in each of these areas.&nbsp;&nbsp;
Of course, the ones I&rsquo;m listing here are not exhaustive &ndash; the best way to manage your budget is to manage all of it!&nbsp;&nbsp;&nbsp;
However,&nbsp;I&rsquo;ve seen these areas regularly surprise homeowners, and end up costing them far more than they intended.&nbsp;&nbsp;
I take you through 4 main areas that can swallow your budget for a seemingly invisible result. I also share key tips to help you protect your budget in these areas &ndash; and overall.&nbsp;
Money gobbler 1:Services (especially electrical and plumbing)&nbsp;
Money gobbler 2:Excavation and retaining&nbsp;
Money gobbler 3:Your home&rsquo;s skeleton (the structure)&nbsp;
Money gobbler 4:Extra living expenses during your project&nbsp;&nbsp;
And one last word on this &hellip;&nbsp;&nbsp;
I see&nbsp;some&nbsp;homeowners behave like it&rsquo;s a foregone conclusion that their project will blow budget and timelines. Renovating and building doesn&rsquo;t have to be that way.&nbsp;
The renovating and building journey is not a one-step process. It&rsquo;s a step-by-step journey of discovery and selection. Sometimes you only have 2 options. Sometimes you have 200. Sometimes you may feel like you&rsquo;re crawling, and at other times it feels like big jumps towards the finish line.&nbsp;
The most&nbsp;straight-forward&nbsp;way to avoid nasty surprises on your&nbsp;reno&nbsp;or new home journey is to start with good information and a reliable team. Then you can also work to make informed choices as you go.&nbsp;Checking and adjusting along&nbsp;the way.&nbsp;What did we say in an earlier episode? ADAPT AND INNOVATE!!&nbsp;
Revisiting your design, your budget and your timeline at each of these stages will help you do this, and make the best choices for you &hellip; your budget, your site and your life. That&rsquo;s the way you create the perfect home for you.&nbsp;&nbsp;
Listen to the podcast&nbsp;now&nbsp;to learn more about these&nbsp;4 main areas, and how to protect your budget, and manage your risk overall.&nbsp;
This season,&nbsp;Undercover Architect has a podcast partner:&nbsp;Kiiko&nbsp;LED.&nbsp;
Kiiko&nbsp;LED is&nbsp;customisable, DIY, LED strip&nbsp;lighting, that&nbsp;you can order online to your specifications, for your needs and project.&nbsp;&nbsp;
Kiiko&nbsp;LED is founded by Craig Thomas, who I&rsquo;ve personally had the pleasure of working with for over 12 years now, in my own projects, and in client projects.&nbsp;&nbsp;&nbsp;
And so I&rsquo;ve been able to&nbsp;organise&nbsp;with&nbsp;Kiiko&nbsp;a fantastic UA Community only offer. If you head to their website at www.kiiko.com.au/undercoverarchitect you&rsquo;ll be able to access a $25 discount to use on your first order.&nbsp;&nbsp;&nbsp;
Check it out, and start building your&nbsp;Kiiko&nbsp;LED strip lighting now!&nbsp;&nbsp;
FOR RESOURCES MENTIONED IN THIS PODCAST <a href="https://undercoverarchitect.com/avoid-budget-blowouts/">CLICK HERE</a>

If we haven’t met before, I’m Amelia Lee, the architect behind Undercover Architect: an online business to help and teach homeowners like you how to get it right when designing, building and renovating your home.

Undercover Architect is all about giving you access to the industry knowledge and insights you need to avoid the mistakes and dramas that can cost you thousands, tens of thousands and even hundreds of thousands of dollars. And it’s about levelling the playing field, so that the world of renovating and building doesn’t seem so mysterious, and you can be the active driver in your project, navigating it with know-how and confidence.

Undercover Architect helps and teaches homeowners through this podcast, the website, and online courses and programs, including my flagship program, HOME Method. I truly believe that when you know the questions to ask, the steps to take and the best way to create a home that works, feels great, and that you feel great in, you can enjoy the process of building and renovating, as well as the home you move into at the end of this ambitious journey.

Consider Undercover Architect your secret ally: whoever you’re working with, and whatever your location, your budget or your dreams. For more, head to www.undercoverarchitect.com

If we haven’t met before, I’m Amelia Lee, the architect behind Undercover Architect: an online business to help and teach homeowners like you how to get it right when designing, building and renovating your home.
Undercover Architect is all about giving you access to the industry knowledge and insights you need to avoid the mistakes and dramas that can cost you thousands, tens of thousands and even hundreds of thousands of dollars. And it’s about levelling the playing field, so that the world of renovating and building doesn’t seem so mysterious, and you can be the active driver in your project, navigating it with know-how and confidence.
Undercover Architect helps and teaches homeowners through this podcast, the website, and online courses and programs, including my flagship program, HOME Method. I truly believe that when you know the questions to ask, the steps to take and the best way to create a home that works, feels great, and that you feel great in, you can enjoy the process of building and renovating, as well as the home you move into at the end of this ambitious journey.
Consider Undercover Architect your secret ally: whoever you’re working with, and whatever your location, your budget or your dreams. For more, head to www.undercoverarchitect.com

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