When it comes to a renovating job around the house, 91% of Australian homeowners have a budget in mind, with 79% tending to blow their budgets, findings from a new survey have found.
The national survey of Australian homeowners from tradie marketplace, hipages, titled ‘Know Your Budget Research Overview’ found with the cost of living at an all-time high, finances were a huge factor in repair jobs and home renovations.
The survey also revealed only 6% of 800 respondents said their budget expectations were correct, and less than a fifth of homeowners (16%) spoke to an expert/ tradie to help with their budget.
Furthermore, most homeowners surveyed agreed a quote from a tradie was often more expensive than their original budget, and half of the respondents said they underestimated it by up to 20%.
Expert renovators, former The Block contestants Kara and Kyal Demmrich, who have completed countless projects since …