How to Plan and Budget for a Home Renovation in Sydney
Planning a home renovation can feel overwhelming—especially when it comes to budgeting. Between hidden costs, changing timelines, and endless design decisions, many Sydney homeowners don’t know where to start.
At Haiku Building, we help Inner West families take the stress out of renovating with clear guidance and honest budgeting from day one. If you’re planning a renovation and want to stay in control of your costs, here’s how to do it right.
1. Start with a Realistic Budget
Before choosing tiles or layouts, you need a budget that reflects your goals, lifestyle, and property value. Your budget should include:
- Construction costs (materials, labour, permits)
- Design fees (if using an architect or interior designer)
- Contingency (at least 10–15% for unexpected costs)
- Temporary living costs (if moving out is required)
Pro Tip: Speak with an experienced Inner West builder early in the process. We can help you understand typical costs for different renovation scopes—so you can avoid big surprises late
2. Prioritise High-Impact Renovations
Not all upgrades deliver equal value. Focus first on areas that improve liveability and long-term return on investment:
- Kitchens and bathrooms – always a smart renovation focus
- Insulation and energy efficiency – reduces ongoing costs
- Layout improvements – open up dark or awkward spaces
- Outdoor flow and access to natural light – adds major lifestyle value
Where to start when renovating your home? Start with your pain points. What frustrates you daily? Fix those areas first.
3. Get a Detailed Scope and Fixed Pricing Where Possible
Vague quotes are a red flag. Make sure your builder provides a detailed scope of works with clear inclusions and exclusions. This prevents disputes down the track and makes budgeting more transparent.
At Haiku Building, we use a Paid as Consultant (PAC) Process to ensure everything is planned, costed, and reviewed before construction begins—so you stay in control.
4. Avoid the Common Renovation Pitfalls
Too often, homeowners blow their budgets by making avoidable mistakes. Here’s how to steer clear:
- Don’t change your mind too late. Variations mid-build can be costly and cause delays.
- Don’t skip planning. Rushing into construction without a clear plan leads to delays and cost overruns.
- Don’t choose the cheapest quote. Focus on value, not just price—especially when it comes to experience and quality
5. Work With the Right Builder From the Start
Partnering with a local Inner West builder who understands your vision, budget, and property type is one of the smartest moves you can make. At Haiku Building, we guide you from the earliest design discussions right through to completion—managing trades, timelines, and budget for a smooth experience.
Renovating your home doesn’t have to be a financial headache. With the right planning, smart priorities, and a trusted builder by your side, you can transform your space—without blowing the budget.
Ready to Get Started?
Get in touch with Haiku Building to discuss your renovation plans and get a personalised quote tailored to your goals and budget. Contact us today →