FROM THE EDITOR
Cost-Saving Your Way to Design Success
esign is so much more than what is
and to prioritize the project’s more important features. 3 Permitting and Regulatory Costs. Depending on the location
D
appealing to the eye. All good design starts with a vision, but it also requires an understanding of current trends and budgeting. Several factors can cause costs for home
and type of renovation/rehab, there may be additional costs associated with obtaining permits and complying with local regulations. Always check permitting regulations, especially in historic neighborhoods. Often there are restrictions you may not know about. Save yourself time and money by doing your due diligence on the front end of your project. Think Realty has partnered with some of the largest names in the industry to provide our members with savings on materials. From flooring to paint, appliances and cabinets, we have sourced the best resources to help you save. Sometimes it truly can be about what you save on a project that brings your profit margin from red to black. Check out our insert on page (see page 40) to see some of the offerings from our valued discount partners. Whether you are updating rental properties, doing a fix and flip, or just renovating your own home, let Think Realty’s savings program save you money. Activate your discounts for free and start saving on common renovation/rehab materials at https://thinkrealty.com/think-savings.
renovations/rehabs and designs to increase. As you plan, here are a few things to consider
about how design can impact costs: 1 Material Costs. The cost of building
materials can vary greatly depending on factors such as availability, demand, and seasonality. If the material needed for a renovation/rehab project is in high demand or short supply, the cost can escalate significantly. Shortages of many common materials has greatly affected scope of work and timeline on several projects. 2 Design Complexity. The complexity of the renovation/rehab design can also contribute to higher costs. A more intricate design may require more materials and labor, including specialized expertise, which adds to the overall cost of the project. To stay within budget, it is important to be realistic about the scope of work and complexity of the project
CARMEN FIELDS, MANAGING EDITOR
thinkrealty . com | 5
Made with FlippingBook Online newsletter