When you’ve decided it’s time to renovate your home, the cost is probably a major concern. No doubt you want to do whatever you can to save money while making the necessary renovations to your home. The following tips will help you save money when making renovations to your home.
Avoid A Complete Remodel
If you can avoid it, don’t gut a room and start from scratch. Only remodel the areas that need it. A room can be updated with some simple, but nice touches. You can refurbish existing fixtures. For instance, when doing a kitchen remodel, you can stain or refinish the cabinets and replace handles and knobs. Reusing existing fixtures can potentially save you thousands of dollars.
Wait For A Sale To Make Big Purchases
Buying home furnishings, such as appliances and furniture, can be expensive. Decide what you want and need for your remodel and wait for big-ticket items to go on sale before you make the purchase. Often, department stores will have big sales around the holidays. If you’re able to wait, you could save a bundle of money.
Choose Practical Solutions
When renovating a bathroom, for instance, you should choose a shower curtain versus shower doors. Not only are shower doors much more expensive, but they are difficult to clean. Opting for a shower curtain will give you the option of changing the look of the bathroom as often as you wish. And, you won’t need to squeegee shower doors every time you shower.
Sell Items You’re Not Using
You’ll probably be changing out fixtures or getting rid of furniture when you remodel. If you see there are items you no longer need or are updating, you can bet someone else can use those items. You should take advantage of that and make a little money by selling items you are no longer using. The money you receive from selling the items you no longer want can be put toward your renovation project. You can make quite a bit of money by selling:
- Light Fixtures
Choose Mid-Grade Materials
Sometimes, it just doesn’t pay to choose premium materials. You can get great results by using mid-grade materials. If you’re doing a kitchen remodel, you don’t need top-of-the-line appliances that cost a fortune. Chances are good that you’ll be just as satisfied with appliances that cost less and are of good quality, but not the most expensive.
Pay Cash For The Remodel
Many people will use a credit card for purchases when remodeling a home. Often, this will lead to going over budget and buying unnecessary items. Have the discipline to pay using cash only. Not only will you save a lot of money, but you won’t have to worry about paying interest on top of the cost of your purchases. If you don’t have the cash immediately available, you can create a plan of action to obtain the cash you need to make the purchase. Using cash will save you hundreds versus using a credit card or taking out a loan.
Remodeling a home is a great way to update your home. You can do it room by room as your budget allows or you can do it all at one time. If you’re preparing to sell your home, you want to keep the remodel as inexpensive as possible, but maintain quality. You can increase the selling price of your home by thousands with the right remodel. If you’re making updates to your home because you want to keep up with the times, by following the aforementioned tips you’ll be able to enjoy your remodeled home for years to come.