Home renovations in India routinely cost 30–50% more than initially planned. The good news: with the right framework, you can build a realistic budget upfront and stick to it.
1. Define Scope Before You Define Budget
The most common budgeting mistake is setting a number before knowing exactly what needs to be done.
2. Get Real Quotes Before Committing
Never estimate renovation costs based on a friend's project or internet ranges. Post your requirements on GetMyQuotation to get competing quotes from verified vendors.
3. The Right Budget Split
For a typical 2BHK renovation in India, keep a 10–15% contingency — non-negotiable.
4. Always Keep a 10–15% Contingency
Every renovation project surfaces surprises — hidden water damage, wiring that needs replacing, or a design change you couldn't foresee.
5. Use Milestone Payments — Not Full Advances
Use the 30-60-10 rule: 30% to start work, 60% on delivery, 10% on satisfactory installation.
Conclusion
A realistic home renovation budget starts with a detailed scope, real vendor quotes, and a built-in contingency.
