Renovate Your Home Without Breaking the Bank
Home renovation tips to save you money
Home improvement can be costly. Renovating a space that is less than 1,000 square feet can cost up to $18,000. Improving an older home can cost even more, especially if the plumbing, wiring, and other features are not up to current standards. If you are working around a certain budget for home improvement, careful research and planning, as well as creativity and resourcefulness, can come in handy.
Before setting a budget for home renovation, consider how you are financing your home. Whether you are paying in cash, taking out a loan, or applying for credit, your budget for home improvement must be well within your remaining funds every month.
Here are a few tips on renovating and styling your home while still working within a budget:
Declutter first
The first thing that you want to do is clean up. Throw away, donate, or sell things that you no longer need. Whether you want to do it Marie Kondo style and pick out which items spark joy and which don’t, or go by the good old rule that states if you haven’t used it for more than 6 months, it’s time to let it go. Decluttering enables you to better visualize how you are going to rearrange your furniture and store your belongings. Plus, you can gain a few bucks by selling some of the items you’ve decided to let go.
Do your own demo
You can save a few dollars and reduce labor costs by doing the demolition yourself. If the demo doesn’t require expertise (such as removing a cabinet or pulling up a tile) consider doing it yourself, rather than hiring someone. Proceed with caution and care to avoid potential injuries.
Buy your own fixtures and finishes
Contractors usually charge an hourly fee to do the shopping for you. They may also add a mark-up to the price. Be clear with them that you want to do it yourself.
Shop for sales
Not everything needs to be brand new. You can save a lot by taking the time to look for used and refurbished items on the market. This can significantly reduce costs for appliances and finishes. You may also want to consider restoring or upcycling some of your furniture instead of replacing it. For example, instead of buying a new sofa, you can update your vintage one with a new fabric or a more modern upholstery.
Paint it yourself
Having a room painted by a professional can cost up to $300. Painting is easy and only requires basic knowledge on how to apply coats. Most of the work is in the preparation. Do some research if you don’t have a lot of experience in painting.
Decorate
Use traditional decorations such as candles and mats that don’t cost much to enhance the overall look of your house. Spruce up rooms with on-trend curtains or blinds. Stylish rugs need not be expensive either. There are companies that allow you to create your own carpet and rug design for less than you might expect. You don’t have to spend a lot for your house to look luxurious.
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