Posted: 20 July 2018
Are you unhappy with the look of your home? Maybe the kitchen is outdated or the linoleum flooring in the bathroom is starting to peel at the edges. Whatever the reason, disliking your home can just add more stress to your already hectic day.
If this sounds like you, a home remodel may be in your future. But redoing several rooms in your home costs an average of $40,381! Who has that kind of money?
The good news is that a home remodel doesn’t have to cost that much. There are plenty of frugal tips that will allow you to update your home without going bankrupt.
Do you want to know what they are? Keep reading to discover 8 tips for saving money on your home renovation.
1. Make a Plan and a Budget
Once you’ve decided to remodel your home, you may be excited to get started right away. But, don’t start tearing things apart just yet. Before you make any decisions, it’s important to make a plan and a budget for your renovation.
Think about how you want each room to look. Consider everything from ceiling lamps to flooring, and don’t move forward with your remodel until you’re sure this is what you want. Changing your mind mid-renovation is the biggest hidden cost of remodeling your home, so you’ll want to avoid this.
Once you have a plan, start working on a budget. Get quotes from contractors and price check materials to create a realistic budget and be serious about sticking to it! Once you go over budget in one area, it’s all too easy to go over in other areas as well.
2. Research Before Settling on a Contractor
A contractor is one of the most important parts of a remodel. While they can be expensive, hiring a good contractor is one of the best frugal tips. You’ll want one that is reasonably priced yet experienced and highly rated. Hiring a faulty contractor can cause you a lot of money in poor craftsmanship if your remodel only lasts a few years – or worse, needs to be fixed right away!
Consider talking to an insurance company about your options in case there is a faulty worker in the mix. You’ll want to know you’re covered if there is a mistake in your remodel, so be sure to learn more about your options.
3. Know When to DIY
Doing things yourself is one of the best frugal tips. It can save money and you’ll get a feeling of satisfaction knowing you did it yourself. However, not everything is fit for a DIY project. Making mistakes can end up costing you more than it would if you just hired a professional right off the bat.
Before you decide to go DIY, be honest with yourself and your abilities. If something seems technical and precise, it’s probably better to go with hired help. You can look over a few different guides to get a feel of what a project will take. If you have any doubts or questions, you should probably leave it to the pros.
4. Give Your Floors a Makeover
Floors are a focal point in every room, so it makes sense that you’d want them to be part of the remodel. But, don’t start pulling that carpet up just yet.
Floors take on a lot of wear and tear over the years, but that doesn’t mean they have to be replaced. Consider regrouting your tiles and deep cleaning your carpet. You’d be surprised how big of a difference it makes.
5. Reuse Materials
One of the best ways to save money for a house remodel is to limit what you need to buy. Take a look at the room you want to remodel. Is there anything that’s salvageable? Chances are there’s a lot that can be reused.
You may be able to use things like faucets, cabinets, and hardware in the remodeled room instead of buying all new things. Even if it’s time to replace them, that doesn’t mean they’re useless. You can salvage pieces of wood and granite and repurpose them into tables or shelves. Just get creative!
6. Shop for the Rest on Sale
Once you’ve decided what can be reused, you’ve probably cut your shopping list down by quite a bit. But, you’ll still need to spend a nice chunk of change on things that couldn’t be saved. One of the biggest frugal tips is to shop on sale. You’ll be able to get nice things for your remodel at a fraction of the original price.
If possible, start looking for things as soon as you create your plan and budget. You can hold off on the actual construction for a few months until you’ve had a chance to catch some good sales. If you wait long enough you may be ready for construction when tax refund season rolls around, so you’ll have a little extra cash to work with.
7. Check Out Alternative Places to Shop
Stores aren’t the only places that sell materials and appliances. Think about all the money you were able to sell by reusing and repurposing your own stuff. Now think about how much you could save doing that with other people’s thing.
Check out yard sales, as well as sites like eBay and Craiglist. You can find some high-quality things that could save you a ton on your renovation.
8. Invest in High-End Statement Pieces
Do you want your home to look sophisticated? Then you may need to invest in some pricey pieces. The trick is to opt for high-end statement pieces. Spending more money on these few pieces, such as a quartz countertop or quality dining room table, will allow you to go budget with everything else.
Your eye will be drawn towards these statement pieces and they will overshadow the budget pieces surrounding them. Your home will look fabulous without having to spend a fortune on everything in it. Plus, there are some great affordable home accessories that can help boost the overall look of the room.
The Best Frugal Tips for Home Remodels
If you’re saving for a home renovation, you may know just how pricey things can get. But that doesn’t mean you have to spend a fortune. Just follow our frugal tips and tricks to get the renovation of your dreams at a price you can afford.
Did you like what you read? Check out our blog for more great ideas like this.