DIY, home renovation

How to save money on your home renovation

4-ways-to-save-money-on-a-home-renovation

Your home needs to be a space in which you’re comfortable and happy. Sometimes, however, we get tired of seeing the same things every day. The same dull color on the wall, or sitting at the same dinner table on the same chairs. Using the same outdated fridge that your parents gave you as a wedding gift ten years ago.

Whether it’s for aesthetic reasons or to replace outdated or damaged furniture, we all need an occasional renovation. Maybe you need to add space to your house, or just remove a few items.

Big or small, a home renovation can get costly very quickly. Here are four ways you can save a little the next time you renovate.

1. Patience, Budgets, and Savings

Admittedly, that might be three things, but they all go hand in hand. A lot of folks make a big mistake by trying to rush their home renovation. Instead of taking the project step by step, they want everything done as quickly as possible.

This might mean higher contractor fees, costly mistakes, and a lot of loans and emptied credit cards. With a little patience, that doesn’t have to be the case.

First, set a budget. Make sure it’s realistic, as well as one you can meet by saving up. The goal is to avoid using loans or credit cards. Next, talk to any contractors you want to use. Mention that you’ll be paying with cash and ask for possible discounts.

Remember to approach several contractors and compare quotes. You’re not necessarily looking for the cheapest contractor, though. You want a reasonable price that includes everything you need

Pro tip: don’t pay for everything as you go. It’s a mistake that a lot of people make when they do renovations, but it’s a risky gamble, too. There are better ways to create a work schedule with your contractor.

With a little patience, planning, and smart deals, you can save money on your renovation.

2. Don’t Shy Away from Discounts

People can be extremely picky. Some will return a perfectly good piece of furniture because of a small nick, dent, or scratch. Many stores will have a discount section that contains high quality – and fully functional – just slightly damaged furniture.

It’s a bit of a gamble sometimes, but you can mitigate the risk by doing a little research. In the end, you could get expensive big-ticket furniture and appliances for a fraction of their retail price. In fact, you could get as much as 60 percent off.

If that’s not a reason to do a little discount shopping, we don’t know what is.

3. Do It Yourself

While there are a few things that you probably need a specialist for, there’s a lot you can do yourself like a plumbing renovation. For example, repainting a room is simple enough, and it can be a lot of fun as well.

Some suppliers also sell furniture that’s ready to assemble, and we’re not just talking about a few chairs or tables. You also get DIY beds, displays, and great kitchen cabinets, as shown on the Best Online Cabinet website.

All you need is a little effort, an instruction manual, and a healthy dose of motivation. That said, don’t be afraid to get the experts in when you need to. Trying to update old wiring yourself if you’re not an electrician, for example, is a recipe for disaster.

4. Declutter for Profit

When you renovate your home, the chances are that you’ll be left with several items that you don’t need anymore. But your trash might just be someone else’s treasure. Your old sofa might not work for your family anymore, but a recent college graduate might love to have that comfy second-hand couch at an affordable price.

There’s always someone who might be willing to buy your second-hand goodies, and you can comfortably sell them online.

Take Away

When you renovate your home, you don’t need to spend a small fortune or flounder in credit card debt. Just remember patience and planning, discounts, DIY, and decluttering for a profit. If you remember these tips, you can save money on your next home renovation.