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How to manage extra costs & building delays in a cost of living crisis

6 min read
Oct '25 • by Molly-Sue Moore

Quick summary

To manage extra costs and delays, always budget more than you think—aim for at least 10-20% extra and plan for delays of a few weeks to months. Find the right team early, get proper insurance, and stay flexible with timelines. These steps help keep your project on track despite rising costs and potential setbacks.

It’s no secret that the cost of living has risen dramatically and, as a result, many of us are feeling the crunch. As we’re rethinking how we spend our money, we’ve seen more people coming to us to help them improve their homes, rather than moving. But it’s also no secret that home renovations are pricey and they come with risks, from extra costs to building delays. Here we explore how we can best manage extra costs and building delays even when times are tougher than usual.

Reducing risks of extra costs and building delays

In a survey conducted by Toolstation, 31% of 1000 homeowners questioned said that their biggest regret was “underestimating the likelihood of problems arising that require more time and more money”. With this in mind, we believe that the best way to manage the costs and timeline of your construction is to thoroughly research and prepare well before you begin. Some of the best starting points for renovation works are:

Doing your research and saving more than you think you’ll need

Don’t run before you can walk. It’s really important that, when it comes to work on your home, that you know what you’re looking for and – just as importantly – who you want to do the work. With all that being said, embrace the fact that some things simply just crop up and it’s not something anyone can control.

So, before you’re ready to take the plunge, make sure you consider everything from whether you’ll be able to live and work at home through your renovation to holding off starting and saving more than you think you’ll need. Tools like The Budget Planner from Money Saving Expert can really illuminate where costs can be cut and redirected to fulfilling your renovation dreams.

Reducing risks of extra costs and building delays by doing research

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