Breaking the budget is everyone’s biggest fear when it comes to home remodels. And with a good reason. If you don’t have the bargain gene, or some experience when it comes to house remodel, things can quickly get out of hand.
However, with some strategic thinking about materials, timing, and eventually design, you can cut expenses without cutting corners. For instance, budget-minded landowners are finding stingier solutions in the $10,000 to $20,000 range by making remodels with existing fixtures, refinishing kitchen cabinets, and hunting for bargains. In turn, builders and suppliers respond to the recession-driven need for more cost-conscious bath and kitchen remodel with package deals aimed at guaranteeing the costs of material and labor.
But the universal truth about house remodels is that every little thing adds up. So, Another major consideration to start with is deciding where to splurge and where to save.
Wait for Deals Before Making Big Purchases
You can buy a lot of stuff online, but if you want to see some of them in person, you should consider local stores. However, there are periods when certain purchases might seem more favorable for your budget. For instance, American holidays like Black Friday are the best time to purchase certain big-ticket items like power tools and electronics, while the end of the summer is excellent if you need to purchase lawn care items and outdoor furniture. Finding those Easy Canvas Prints coupons isn’t that difficult. All you need to do is to research the right time to make the purchase, and not allow impatience to take over your shopping decisions.
Create and Stick To a Budget
Before throwing yourself on the first small projects that might as well cost more than you’ve planned, make sure you understand what a budget renovation means. Whenever you plan to spend money, it’s a great idea to know how much of your overall income or savings are allotted for purchase whether it is just a dine out or something big like a new computer. If you’ve decided to make some changes in your home, we recommend you start with a dollar amount that you can afford to spend before you make important design choices. Afterwards, you can start pricing materials and fixtures and begin to get a grasp on what will actually work with your budget and won’t.
You can rely on spreadsheets and pop up everything you know you want to buy. Start with lighting, the flooring choice (including the waste) facets, countertops, paint, cabinet hardware, switch plate covers and outlets, grout, tile, appliances, and more. You’ll also need to make calls to get quotes for labor and materials, and even added tax to your budget sheets. Now that you see things clearly, you can identify areas that normally would eat up a lot of your budget, and then make adjustments by choosing less pricey materials, or deciding to cut out materials altogether.
When you plan your budget for a home remodel, it’s always a good idea to allocate for additional and unexpected expenses. Experts in renovations advise us to reserve at least 10% of our budget for flexibility, however, the choice is up to you.
Take Your Time
Time is your best friend when it comes to renovation, so it would not be such a bad thing to wait for the money. Things take time, and if you really wish for great things to happen, then prepare for the waiting game. If you already have the money it can really be tempting to splurge and renovate your home all at once, but it’s difficult to make a lot of good and consistent design choices when you’re factoring between too many things, you’re likely to make some of the decisions you make.
As you’ve probably known, it’s a good idea to start with one room at a time, before moving to the next. It’s pretty difficult as it is, to finish one room, let alone moving on to the next thing. Take your time to determine which rooms, areas in your home have the most priority and then start with it. If you push yourself to finish one project before beginning a new one, you won’t have to live in a home full of unfinished rooms. What’s more, beginning with only room it’s considered a smart-budget move because if you happen to face unexpected expenses you can deal with them without having to interrupt the project to make great compromises in other spaces or take out a loan.
Opposite to what you might have been told about home remodeling projects, the planning itself happens to be the most enjoyable part, so take your time, consider every small detail and you won’t waste money and time later when you’re indecisive.
The simplest way to save money in home renovation is to reuse some of the appliances and cabinetry. When you need more than new hardware to be comfortable with your kitchen cabinet, then you can still save a lot by refacing the door to improve the style or even replacing the door but leaving the cabinet structure in place.
That said, even if you can’t reuse anything in your existing space, you can rely on salvage yards and even building material auctions to find what you need. Also, don’t forget about buy now pay later sites. Sometimes those who are moving, need to sell perfectly good furniture and appliances quickly, and this might be a good time to look for what you need.
Be smart About Hiring Help
When choosing a skilled worker or contractor to help you with your renovation, you’ll need to read plenty of reviews and even use personal recommendations from family members and friends to choose someone you can trust. But be cautious about hiring a friend of a friend, unless you know someone who hired him and has lots of good things to say. Also, pay attention when you hire a family member or a close friend. Even though they’re great people, they can be awful contractors as well.