Jun 272019

Money Saving Ideas for Home Renovations

Posted on June 27, 2019 Uncategorized

 

Ask any homeowner: taking on new renovations and remodels for your home can be time-consuming, detail-oriented, and most importantly, expensive. Whether you’re fixing one of your home’s appliances, making changes to just one room in your home, or tackling a full-blown home remodel, you might find yourself experiencing sticker shock. Regardless of the scope of your remodel, any homeowner will tell you that shopping around and making careful decisions is all part of the renovation process.

 

Are you looking to make changes in your home while saving money without having to cut important corners? Here are a few ideas that can help you in the process.

 

  • Take your time shopping around for a contractor and/or vendor.  When it comes to who you plan to hire, you don’t want to make any quick decisions. Many homeowners will start their search on Yelp when it comes to finding a contractor or vendor, which can provide necessary insight to how other homeowners worked with them. It’s smart to meet in person with at least three different contractors, and it’s a good idea as well to ask for professional references. You can potentially save thousands of dollars by shopping around and taking note of their reliability and willingness to answer important questions about the process. Also, before signing a detailed contract, make sure that you and the contractor are on the same page regarding your remodel’s time frame.

 

  • Avoid doing a complete remodel if you can.  This is one of the easiest ways to save money while making changes to your home. Unless, of course, you’re making last-minute or emergency repairs or renovations. It can be easy to get caught up in the excitement of it all, but instead of making large structural changes, freshen up the appearance of your home with less expensive means, such as adding beautiful fresh coat of paint to your walls, refinishing old cabinets with staining and new handles and knobs, or adding new light fixtures.

 

  • Focus less on size and more on efficiency. Anyone who has ever shopped at IKEA can attest to this – you don’t necessarily need more square footage to have a functional home. Instead of tearing down walls to add space, which can be costly and time-consuming, focus on remodeling the rooms in your home (such as your kitchen or bathroom) for maximum efficiency. For example, eschewing excessive shelf space for pullout drawers and built-in cabinetry can make up for lost space in a kitchen. If you’re working with a contractor, talk to them about how they can help you can make these changes without expensive structural change.