7 Tips to Keep Your Home Renovation Costs Down

7 Tips to Keep Your Home Renovation Costs Down

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In this guide, we’ll go over renovation costs and ways you can bring down the price. Want to learn more? Keep reading.

1. First You’ll Want to Create a Budget

A budget renovation doesn’t mean that you will get the cheapest possible tools or materials. Instead, you’ll want to know how much your repair will cost and the savings you have set aside.

Start with an amount you can spend before you decide on a design or materials. Price out the materials and fixtures next. This way, you’ll get an understanding of what can work with your budget.

Create a spreadsheet and list all the things you’ll need to buy. Call and get quotes for labor and materials. Add the tax as well.

After, you’ll be able to see what areas were eating up your budget. Are there things you can cut?

Try to pay for your project with cash. You’ll save money because you won’t have to pay interest if you take out a loan.

2. Give Yourself Time

Start planning months in advance to design and save for your renovation project. If you have something specific in mind like sliding wall panels, consider what room you’ll use them in.

Take time to think about your desired design. Talk to different contractors to see what would work best. Even if you already have the money set aside, make sure you don’t rush into the project. People who rush through a renovation sometimes regret the choices they made.

You can start with one room or one project before moving onto the next items on your list. Make sure you complete the project first before moving on. What’s the most time-intensive project? Try to finish that one first. Otherwise, your home could be in a construction zone for months.

During the renovation, if you have unexpected expenses come up, you can cover them. If you start different projects at once, you might have to take a loan or make a significant compromise.

3. Consider Picking up Secondhand Materials

Save money by reusing some appliances and cabinetry for a significant kitchen renovation. You can always add new hardware or paint to your kitchen cabinet doors. You will save money by refacing the doors instead of buying brand new.

wall paint samplesbedroom wall mirrors

      some bedroom makeover ideas to consider      

Even if you don’t reuse anything in your space, you could always head to a Habitat for Humanity ReStore location. Pick up materials at building auctions.

Check out the local buy and sell websites as well. People have to move houses in a hurry and sell newer or working appliances fast.

4. Complete Some of the Work

To limit the hours your contractors work, you could do the light labor on your own with your partner or family.

For example, remove and get rid of old carpeting. You’ll shave time off the installer’s bill. Some companies charge a dollar amount per yard to get rid of old carpeting.

5. What About DIY Projects?

You can cut down on costs by completing some of the remodeling work yourself. Projects like painting a room is a way to save on costs. You can pick up sandpaper, tape, brushes, and paint.

A professional painter could charge over 100 dollars an hour. You can buy the supplies for that amount.

With a big project, you might need to work with a professional, unless you have the skills. Don’t cheap out, though, if you’re inexperienced. Otherwise, you might have to hire another contractor to fix your work.

6. Start Researching Contractors

A home remodeling project can go well or be a headache, depending on who you hire. Find a reliable contractor who delivers top quality work for a reasonable price.

Consider asking for a referral from your network. Your friends or family may have worked with someone in the past and had a great experience.

If you can’t get any referrals, meet with a couple of contractors. How well do they communicate, and what’s the price range?

Make sure you pay attention to the contractor’s behavior. Do they show up late or early for their appointment? If the contractor is on time, you know they’re well-organized and respectful.

If you notice they are running behind, you might want to consider how that could impact your project. Don’t work with someone who isn’t punctual.

You will end up paying the contractor by the hour. Find someone who respects your time.

Make sure you get a renovation estimate in writing. Also, ask for a cap on the hours, as well. If the contractor isn’t willing to provide this paperwork, you might want to look for someone else.

7. Look for Sales

If you need to buy a big-ticket item, consider waiting to shop after a major holiday or during Black Friday. You can find power tools, electronics, and appliances for your home.

Research to find out when the best time is to make your sale. You could also look into buying floor models.

other valuable tips:

Now You Know More About Home Renovation Costs

We hope this guide on home renovations was helpful. Take the time to consider if there are any projects you can complete on your own. Save for your renovation project and plan out the design.

Lower your home renovation costs by buying appliances after a major holiday. Keep browsing our other helpful resources on real estate and home.

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