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Pengeluaran Dadakan Ketika Renovasi Rumah
Pengeluaran Dadakan Ketika Renovasi Rumah

Home renovation is a process full of surprises. Behind the dream of creating a beautiful and comfortable home, unexpected expenses often arise. This can cause panic and frustration, especially if the funds you've prepared begin to dwindle.

Keys to Successful Home Renovation Cost Planning

Before starting a renovation, it's crucial to prepare thoroughly and estimate costs carefully. Here are some tips to help you:

Compile a Detailed List of Renovation Tasks

Create as detailed a list as possible of the renovation details. Note everything you want to change or repair, from major tasks like demolishing walls and altering electrical or plumbing systems to minor details like changing the wall paint. The more detailed the list, the easier it is for you to estimate the necessary costs.

Conduct In-depth Research on Material Costs and Contractor Services

Find out the price range for building materials, fixtures, and labor costs in your area. You can gather information via the internet, building supply stores, or by asking experienced builders. Conduct research to get the best prices for stores and contractors.

Calculate Costs Considering Taxes and Other Fees

In addition to the cost of materials and labor, also consider taxes and other potential costs such as material transportation, renovation permits, and expenses for electricians and plumbers.

Prepare a Contingency Fund for Unexpected Expenses

Allocate about 10-20% of the total renovation budget as a contingency fund to anticipate unexpected expenses. This reserve can help you manage unforeseen situations, such as unexpected damages or design changes.

Consult with an Architect or Interior Designer

If you plan a complex renovation, consulting with an architect or interior designer can help. They can assist you in creating a design that fits your needs and budget and provide a more accurate cost estimate. This step can be skipped if you do not have enough budget for professional consultations.

Choose a Trustworthy Builder

Before selecting a builder, survey and gather information about their reputation. Ensure you choose a builder who is experienced, professional, and has a good track record.

Create a Clear and Detailed Contract Agreement

Make a clear and detailed contract with your builder. This agreement should include the scope of work, prices, work schedule, and payment terms.

Closely Monitor the Renovation Process

Take the time to closely monitor the renovation process. Ensure that the work is performed according to the agreed specifications and schedule.

  • Home Renovation Costs: Potential for Unexpected Expenses Even if you follow the steps above carefully, there's still a chance for unexpected expenses during the renovation process. Here are some examples:
  • Unexpected damages: When demolishing buildings, structural damage that needs immediate repair might be found. If this happens, first check if the contingency fund you prepared can cover these repair costs. If not, consider whether you need to allocate more funds or postpone certain repairs.
  • Design changes: During the renovation process, you might want to change the design or add new features. In this case, carefully consider whether these changes or additions are essential.
  • Rising material prices: The cost of building materials can fluctuate due to various factors like economic conditions and seasons.
  • Work timing inaccuracies: If the builders do not complete the work on time, you may need to incur additional costs for overtime or hire other contractors. Fortunately, you've prepared a work contract, so this risk should be minimal.
  • Waste management costs: If you're undertaking a significant renovation, you may need to pay for waste disposal services to handle the debris.

Prepare a Renovation Budget with Neo Loan from Bank Neo Commerce

As you might know, renovations require a significant amount of money, especially if planned inadequately, leading to overspending. Therefore, it's essential to conduct thorough research and planning before starting the renovation.

Neo Loan from Bank Neo Commerce offers a home renovation loan worth considering. It provides competitive interest rates, a simple and fast application process, and flexible tenors. The loan amount is optimal to support home renovation costs: up to IDR 15,000,000.

How to Apply for a Home Renovation Loan at Neo Loan

If you're determined to renovate your home but are still constrained by budget issues, don't worry! You can apply for a loan at Neo Loan. Here's how:

  1. Open the neobank App: Open the neobank app on your phone. Make sure you have an active account at Bank Neo Commerce, as the loan will be disbursed to this account if approved.
  2. Access the Neo Loan Menu and Fill Out the Application Form: Fill in the loan application form completely and accurately, including personal data and employment information.
  3. Upload Documents: Upload the necessary documents, such as your ID card, a selfie with ID card, and proof of income.
  4. Receive Loan Limit: Wait for the verification and approval process. Once approved, the loan limit will be displayed in the app.
  5. Disburse Funds: Easily and quickly disburse the loan funds to your Bank Neo Commerce account.

Simple and practical, right? Achieve your dream home with Neo Loan from Bank Neo Commerce!





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