Building a space of your dreams is a humongous task. It can be nerve-wracking in not just the time it may take for completion but also in the costs that may skyrocket for reasons beyond your control.
At Reno, interior design experts have variegated experience in different types and sizes of projects – residential, office, hospitality and commercial. And we understand that managing resources can be tough.
That’s why we have introduced the Renovate Now, Pay Later model in Dubai.
‘Renovate Now, Pay Later’ is a financing option offered by Reno to facilitate the dreams of its clients. In this model, the clients are not expected to pay the entire amount, upfront. They can proceed with a renovation project and pay for them over time through 3, 6, or 9 installment plans. This staggered payment plan is a boon for most. It takes away the anxiety most people suffer from when it comes to getting their resources together.
Here’s how this renovation project model works:
The client meets with the interior designer or renovation contractor to discuss budget, timelines and project requirements. During this consultation, you can show interest in the ‘Renovate Now, Pay later’ option.
At this time, we encourage discussing any doubts and reservations, alongwith the renovation requirements. The one on one consultation aims at giving more clarity to both sides. This in turn helps with the eventual execution of the project.
Once you’ve asked for the ‘Renovate Now, Pay Later’ model, the interior designer or contractor provides a detailed proposal. This includes an outline of the scope of work, project costs and payment terms.
Payment terms are further broken down into installment plans, for your ease and understanding.
Once the client and the interior designer or contractor agree on the fine print inclusive of the payment plan, the renovation or design project can commence.
At this point, you need to pay only 10% upfront. This arrangement helps the project to move forward without having to navigate any financial constraints.
Timelines and specifications are adhered to when the renovation or design project is being expedited. On completion, you can inspect the finished work to ensure satisfaction with the final outcome.
To make this simpler, Reno’s website as well as mobile app lets you track the progress of the project. From images to videos and other details of purchases made, as well as the design and engineering files, the team keeps the project progress up-to-date so you can track the same from anywhere in the world.
Through the project’s progress and (if you choose the 6 or 12 month options) you will be making payments as per the agreed-upon schedule. It is important to note that at this point, the payment schedule cannot be changed unless agreed upon mutually.
Some of the benefits of this model for our clients include:
Not having to pay a large amount upfront – which may need saving for a longer period of time, you get to proceed with the interior design or renovation project of your dreams almost instantly. This allows you to start enjoying the benefits of the new or revamped space sooner rather than later.
The financial flexibility afforded by the Renovate Now, Pay Later model makes it easier for you to afford high-quality design services within your budgets. The cost of the interior design or renovation project is spread over time through installment projects or financing arrangements, giving you an opportunity to opt for the best in the market.
The renovate now and pay later model also rids you of the anxiety of depleting your savings or impacting your cash flow.
Deferred payment obligations help you better manage your renovation budgets and cash flow. You are hence able to allocate funds for other expenses and investments during the same period of time.
The ability to pay for interior design and renovation services in installments helps you in prioritizing spends and avoiding financial strain, and the team at Reno starting to work on the project to meet the required timelines.
Upfront cost barriers can be quite intimidating. The option to renovate now and pay later enables you to access the best of professional interior design services that may have otherwise remained out of your reach.
This renovation pricing model helps you work with experienced designers to create spaces customized to your unique preferences and needs.
With deferred payment obligations, you get peace of mind. You are able to enjoy the benefits of your newly designed or renovated space not just better but also sooner. You are also able to focus on the final outcome of the project.
The renovate now and pay later model alleviates stress and pressure associated with immediate financial commitments. This ensures your overall well-being and satisfaction.
You can select the payment option that best suits your needs and budgetary constraints. It may be monthly installments, milestone-based payments, or deferred payments with interest. You also get a free hand at deciding payment terms that align with your financial situation and preferences.
When you have the window to collaborate with designers to create spaces that reflect your style and personality, knowing that you have the flexibility to pay for the services over time, it is a win-win.
The renovate now and pay later scheme helps the interior design firms to ensure and enhance your satisfaction with the project. Financial duress faced by many robs most of the joy of building up their dream spaces; not with Reno!
Reno’s Renovate Now, Pay Later is a revolutionary idea. It helps you get started instead of languishing, waiting for the ‘right time’ to renovate your space.
This model in interior design empowers you to pursue your design aspirations without financial barriers. It gives you access to quality design services and the flexibility to manage your budgets effectively. Every dream is now a possibility and the team at Reno is making it happen.
Want to know more about Reno’s Renovate Now, Pay Later model?
How do I get a renovation budget?
To get an approximate idea of what your remodeling budget should be, consider the value of the space as a whole. We recommend that you don’t spend more than 10-15% of your space’s value on a single room. If you spend more, the value of the interior renovation will not proportionally add to the value of your space. That’s why we recommend working with experts to get budget estimations.
How much to spend on renovations?
Begin by basing your space’s renovation budget on the market value of your property. A good rule of thumb is to keep your renovation costs under 10% of the current market value of the space – whether residential, commercial, office or other.
What is the most expensive part of renovation?
Kitchen, bathroom, and basement renovations, alongside entertainment spaces, often top the list in remodeling costs. But it also depends on the functionalities, materials and technologies you may want to put into the space during the renovation project.
How do you calculate a renovation budget?
Renovating small spaces generally incurs lower costs due to their size. Expect larger budgets for bigger areas. Budget about $10 to $60 per square foot, varying by room and location. But this may vary for projects based in Dubai. For the same, you can reach out to Reno for the same.
