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January 13, 2019

Master Your Home Renovation Budget

renovation

While a remodeling project can increase the value and utility of your home, renovation work can also be quite expensive. That’s why you need to master your home renovation budget and make sure that you use your hard earned cash effectively. Keep these tips in mind as you get your home improvement project off the ground.

Make Your Decisions Early On

The sooner you know what you need for your home renovation project, the more likely it is you’ll be able to save. For example, if you know you want a stainless steel refrigerator for your kitchen, you’ll be able to browse stores and look for sales. If you realize that the fixture that you want isn’t within your budget, you’ll be able to consider other, cheaper options.

It’s easy to spend more than you intended to if you leave important choices until the last minute. If you make your decisions right away, you’ll be able to find more affordable options and spend your money wisely. It’s never too early to start shopping for your home improvement project.

Use Recycled Materials

You don’t have to limit yourself to brand new materials when you’re renovating your home. If you look in the right places, you’ll be able to find high-quality materials that are in excellent condition. For example, instead of buying brand new windows, you might be able to purchase used windows that still look brand new.

There are home improvement stores that specialize in selling used materials for renovation projects. Many of these stores have great prices. Don’t be afraid to consider recycled materials when you’re shopping for a renovation project. You might be surprised when you see how much you can save.

For structural timbers, I’ve used second hand building materials. Some of the larger size beams are aged and hard. These make for great beams above windows etc. I’ve saved big using second hand yards.

Do The Demolition Work Yourself

Unless you have extensive experience with home renovation work, you probably won’t want to take on a project like this on your own. However, you can provide some labor by doing all of your own demolition work.

If you know that you’re going to be tearing down the cabinets in your kitchen, why not get rid of them yourselves? If you’re going to be replacing the carpet in your living room, go ahead and tear it up on your own. You’re going to be paying professionals a high wage for the work that they do. Why not master your home renovation budget and take on some of this work yourself.

Even if you don’t understand what you need to do, ask the builder if you can save money by doing some of the work. Often  builder will be happy to let you do some of the minor demo work.

Avoid Moving Sinks, Showers And Toilets

One of the things that can really drive up the costs of a renovation project is moving your plumbing. If possible, you should aim to avoid moving any sinks, showers or toilets in your bathroom or kitchen. Keep them in their fixed position and renovate around them.

Even if you’re going to be replacing your old sink or toilet, you should try to avoid moving them from one location to another. As long as you are able to keep your plumbing in place, you’ll be able to save yourself time and money.

Moving these fixtures can be done easier on concrete slabs at ground level. As soon as you start working on 1st floor bathrooms and moving pipes the costs can really blow out of control.

before construction

Handle Your Own Cleanup

Don’t pay professional workers to clean up after your renovation project. That’s labor that you can do on your own! If you do the work yourself, you could wind up saving thousands.

It’s actually easy to do this kind of cleanup work with the right tools. Just rent a dumpster and get to work! You might wind up sweating a bit, but that sweat will be worth it when you see how much money you can save. Don’t be afraid of a little hard work.

Always Consider The Long-Term Costs

You can save money in the short-term if you cut corners on your renovation project. However, these savings could wind up leading to big expenses down the road. For example, if you use cheap paint for the exterior of your home, you might have to replace that pain next season.

Think about the short-term costs of your renovation project, but consider the long-term expenses as well. Try to look at the big picture. If you’re completely aware of all of your costs, it’ll be easier for you to make choices that you can live in.

Schedule Your Renovation Work During The Down Season

During the busy season, contractors are up to their neck in business. They can afford to charge a premium rate to prospective clients. This is not the time to do your remodeling work! Instead, you should wait until the offseason.

The best time to schedule a remodeling project is right at the start of the New Year. This is usually the slowest season for contractors. If you hire a contractor during this season, they will work for a much lower rate.

Now that you know how to master your home renovation budget, you’re ready to start working on your project in earnest. Strive to use all of the money you have wisely. Stretch your budget and make sure that you have more than enough money to remodel your home.

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