Your home is one of the biggest investments you’ll ever have. And just like any investment it is important that you take care of your house by doing the necessary repairs, regular maintenance and most of all keeping the house design up to date. By doing so, the value of your home will significantly increase. However, due to today’s economic problems, a home renovation project may not be on top of your to-do list at this time.
But what if I tell you that there are ways on how you can save a lot of money on home remodeling? Yes, you can remodel your home at a price you can afford. All you need to do is strategically plan your materials, design and timing for your home remodelling project. You will see that it is actually not so hard to cut costs without compromising the quality of the project. Here are some tips on how to remodel your home without blowing up your budget.
1. Efficiency matters, not size. Reorganizing your home, bathroom or kitchen for maximum utility doesn’t necessarily require building or creating more space. You can do this by using shelves with concealed cabinets or pullout drawers. This can be very useful especially in the kitchen, where careful planning to get additional space pays off by not needing to extend the cabinetry into the other rooms.
2. Let there be light. You can let in more natural light into your house without building additional windows and doors. Before smashing your walls for more windows or bifold doors, why not think of less expensive and less invasive ways of having more light. For example, you can make a windowless hallway brighter by installing a solar tube skylight which could be more affordable than putting up a new window.
3. Do-it-yourself demolition. If you are planning to start a home renovation project on a tight budget, you can begin by being your own demolition team. Even though knocking down a part of your home may not be as expensive as rebuilding it, you can still save a few dollars by doing some of the demolition work yourself. Just be careful and take extra precautions. Don’t forget to salvage reusable building and slightly used fixtures. If you have more time to spare, you can also try some of the finishing work yourself such as painting, sanding, installing the insulation and rubbish removal.
4. Consider long-term expenses. Purchasing pre-finished materials may be costly upfront but it allows you to save cash on extensive paint or finishing jobs. For example, you can get primed and painted weatherboard, skirting, decking boards and even prefabricated wall finishes. These items usually cost more upfront but they will also help you save some valuable time and money by preventing costly paint jobs.
5. It’s all about the timing. Renovation jobs can be costly especially if you’re doing it on peak season. Contractors usually double their charges if they are highly in-demand. So, you might want to create a timetable on when to efficiently start your renovation project. This way, you will have more bargaining power with the contractor and it is likely that you will get a fair deal for your remodelling project. It is also important to get price quotes from more than one contractor.
6. Go out and buy your own remodeling materials. Remodeling materials are normally expensive. Furthermore, there are some contractors who add a little price commission on the building materials that they buy in your behalf, thus, making the process even more expensive. This is why it would be better if you buy them yourself instead of handing over that task to the contractor to make sure that you are getting exactly what you are paying for. This also allows you to monitor every penny you shell out on your renovation project.
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