Whether you’re planning small upgrades or a large home renovation project, without careful planning, expenses can quickly add up. Fortunately, there are several things you can do to avoid going beyond your budget. Use these tips to save money when remodeling.
Create and Stick to a Budget
Before you begin remodeling, determine how much you can afford and create a budget for the project. Setting aside money and sticking to it will help you keep track of expenses and prevent you from spending more than you intend. When outlining the specifics of your budget, remember to allow some room for unexpected costs that may come up during the project.
Get Several Quotes
When choosing a contractor for your remodeling project, don’t settle for the first referral or the first one you find online. Instead, get quotes from at least three companies and ask for recommendations from friends or family members. This will help you find an affordable, trustworthy contractor who will likely meet your needs.
Buy Used Materials
New building materials are pricey. Save money when remodeling by buying used materials. Check out thrift and second-hand stores, such as Habitat for Humanity ReStore, for used doors, windows, cabinets, lighting fixtures, flooring, and other building supplies.
You can also shop on online marketplaces like Craigslist and eBay for great deals on used and recycled materials. Not only are these items less expensive, but they also add personality to your space.
Look for Items on Sale to Save Money When Remodeling
Don’t rush to make big purchases. Wait for periods when there are sales like Labor Day and Black Friday to purchase the materials you need. Being patient is worthwhile, especially when you’re on a tight budget. Waiting for the right time can help you save a substantial amount of money on remodeling costs.
Paying in cash for contractor expenses and materials will help you save money when remodeling in a couple of ways. First, you won’t incur interest charges. Secondly, some contractors offer discounts for their services to clients who pay in cash. If you can’t afford to pay in cash and saving money is important, you might want to hold off on the remodeling project until you’re better prepared.
Stick to Your Plan to Save Money When Remodeling
The biggest reason many homeowners go beyond budget is by deviating from the original plan. When figuring out your budget, consider all the details of the project and stick to the plan. Making last-minute changes may require your contractor to buy additional materials and spend more time on the project, which will cost you more money.
Sell Items You Need to Replace
Don’t discard appliances in good working condition that you intend to replace. Instead, list them on online marketplaces and community pages. Selling your sink, dishwasher, and even the bathroom fixtures will give you extra money towards your remodel.
Save Money When Remodeling by Performing DIY Renovations
Some remodeling projects are pretty complex and will require a professional. However, others are straightforward and easy. If you have moderate DIY skills, consider making simple renovations on your own with the help of online tutorials or workshops at your local home improvement store.
You don’t have to spend a fortune on remodeling projects. Use these tips to save money while improving your home’s function and value.