Costs / Contingency budget

Contingency budget: what affects the price and where it is easy to overpay

Renovation cost rarely comes only from square metres. This section shows decisions that change the budget: scope, materials, mistake risk, reserve and the moment when saving stops being sensible.

Ask Mivi

Ask Mivi if you want to narrow the choice faster Describe the room, problem or work stage. Mivi will suggest which cards to start with and what to check before deciding.

Knowledge cards

Contingency budget w MiWiki

The list below comes from the MiWiki database. Search by topic, use case or problem to narrow it down quickly.

Search cards

Showing all cards: 15

Contingency at apartment with resale property — practical guidance and quality checks

The "reserve for a secondary market apartment" refers to money set aside for risks that cannot be honestly included in the basic valuation. The reserve cannot replace a missing cost estimate. First, determine the scope and unit, then compare prices and the provision for identified risks.

Contingency at bathroom — practical guidance and quality checks

The "bathroom reserve" refers to money set aside for risks that cannot be fairly included in the basic valuation. The reserve cannot replace a missing cost estimate. First, determine the scope and unit, then compare prices and the provision for identified risks.

Contingency at kitchen — practical guidance and quality checks

The "kitchen reserve" refers to money set aside for risks that cannot be honestly included in the basic valuation. The reserve cannot replace a missing cost estimate. First, determine the scope and unit, then compare prices and the provision for identified risks.

Contingency at new-build apartment — practical guidance and quality checks

The "reserve for a developer's apartment" refers to money set aside for risks that cannot be honestly included in the basic valuation. The reserve cannot replace a missing cost estimate. First, determine the scope and unit, then compare prices and the provision for identified risks.

Contingency fund checklist — practical guidance and quality checks

The "Budget Reserve Checklist" organizes budget decisions and shows which components need to be counted separately. First, determine the scope and unit, then compare prices and the provision for identified risks.

Contingency in renovation in stages — practical guidance and quality checks

The "staged renovation reserve" refers to money set aside for risks that cannot be fairly included in the basic valuation. The reserve cannot replace a missing cost estimate. First, determine the scope and unit, then compare prices and the provision for identified risks.

Contingency on changes decisions — practical guidance and quality checks

The "reserve for changes in decisions" refers to money set aside for risks that cannot be fairly included in the basic valuation. The reserve cannot replace a missing cost estimate. First, determine the scope and unit, then compare prices and the provision for identified risks.

Contingency on hidden defects — practical guidance and quality checks

The "hidden defects reserve" refers to money set aside for risks that cannot be fairly included in the basic valuation. The reserve cannot replace a missing cost estimate. First, determine the scope and unit, then compare prices and the provision for identified risks.

Contingency on more expensive materials — practical guidance and quality checks

The "provision for more expensive materials" refers to money set aside for risks that cannot be honestly included in the basic valuation. The reserve cannot replace a missing cost estimate. First, determine the scope and unit, then compare prices and the provision for identified risks.

Contingency on remedial work — practical guidance and quality checks

The "reserve for corrections" refers to money set aside for risks that cannot be fairly included in the basic valuation. The reserve cannot replace a missing cost estimate. First, determine the scope and unit, then compare prices and the provision for identified risks.

Contingency time versus contingency financial — practical guidance and quality checks

“Time reserve and financial reserve” refers to money set aside for risks that cannot be honestly included in the basic valuation. The reserve cannot replace a missing cost estimate. First, determine the scope and unit, then compare prices and the provision for identified risks.

How communicate contingency contractor — practical guidance and quality checks

"How to communicate the contractor's reserve" concerns money set aside for risks that cannot be honestly included in the basic valuation. The reserve cannot replace a missing cost estimate. First, determine the scope and unit, then compare prices and the provision for identified risks.

How much contingency leave on renovation — practical guidance and quality checks

"How much reserve to leave for renovation" concerns money set aside for risks that cannot be honestly included in the basic valuation. The reserve cannot replace a missing cost estimate. First, determine the scope and unit, then compare prices and the provision for identified risks.

How not spend the whole contingency — practical guidance and quality checks

“How not to spend the entire reserve” concerns money set aside for risks that cannot be honestly included in the basic valuation. The reserve cannot replace a missing cost estimate. First, determine the scope and unit, then compare prices and the provision for identified risks.

When contingency is behind small — practical guidance and quality checks

“When the reserve is too small” refers to money set aside for risks that cannot be fairly included in the basic valuation. The reserve cannot replace a missing cost estimate. First, determine the scope and unit, then compare prices and the provision for identified risks.