Let’s Start Building: How to Renovate Your Home on a Budget

Finding an effective way to cut costs is critical, and the good news is that there are multiple steps that you can take to scale back on spending without sacrificing the end results.

Create a Budget-Minded Plan

Many homeowners do not realize how one small design idea can result in thousands of dollars in extra expenses. For example, if you are thinking about relocating your refrigerator to the other side of the kitchen, you may need to pay for plumbing, electrical and potentially drywall or cabinetry services to accommodate this plan.

If you plan to knock out a load-bearing wall rather than a non-load-bearing wall, the cost can escalate as well. A smart idea is to consult with contractors about design plans before finalizing decisions.

financing options • bank equity program • getting qualified • calculators • negotiate rates

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Need-to-Know Financing

Choose Affordable Materials

There are numerous ways to reduce costs when you are selecting materials. For example, you can find recycled materials, or you can use alternative materials that look very similar to more expensive materials. Concrete is an affordable material that can be stained, scored and finished to look like marble and other materials.

If you work with a specific contractor, request multiple quotes for different sizes and styles before you finalize your plans.

Do as Much Work as Possible Yourself

You may not have the time, energy or skills necessary to complete all aspects of your renovation project on your own, but there may be some steps that you can take. Any work that you do on your own may help you to save money.

For example, if you are replacing the floors, you can rip up the old tile, carpeting or laminate before the contractors arrive to install the new floor.

Be Patient When Hiring Contractors

You understandably want to see fast results, but you can save money if you approach the renovation process patiently and strategically. For example, if you need roofing work done, scheduling assistance during a non-peak time in the very cool or very warm months may result in a more affordable rate. Even contractors who seemingly never have an off-season, such as flooring contractors, may still offer better rates during the holiday season when fewer people may desire their services.

As you can see, there are multiple steps that you can take to save money on a home renovation. Regardless of the scope of your renovation plans, each of these important tips may apply in different ways. Be open-minded, and always look for creative ways to save for the best results.

Credit Reference:
Shutter installation contractors like Danmer Custom Window Coverings has many different styles and materials that can fit your needs and budget. Take a look at their full line of shutter options.

Image Credit: Pixabay

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Home Remodeing Reference:

GUIDE: budget home renovation (budgeting guide and worksheet)

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