Home renovations are costly and can easily get out of hand if you aren’t careful. Thorough research and doing things yourself can ease the strain on your bank account and save you tons of money. You’ll want to ensure that you make a budget, take advantage of discounts and follow these other tips to make the most of your renovations.
1. Make a Budget
A budget can help you stay on task and allocate your funds where necessary. When you know how much money you will spend on certain projects, you can maximize your savings by not overspending on others.
Small items add up quickly like new hardware for your cabinets or bathroom. Having a budget can help you know what you want to spend on certain things. List as many details as you can think of when it comes to your budget so you don’t leave anything out.
List all of the necessary expenses and then list the things you want. Leave a little wiggle room for things that might come up–there’s always something that changes or happens during a remodel that will require a little extra than you bargained for.
2. DIY Painting and Projects
You might be surprised how a fresh coat of paint can completely transform a room. You can save tons of money by painting rooms and projects yourself. Look for discounts on paint that were mixed incorrectly at your local hardware stores like Lowe’s or Home Depot.
You don’t need the experience to paint the interior of your home. You’ll need limited supplies like paint tape, paint rollers, plastic sheeting and the paint you choose. You can also refurbish your kitchen cabinets yourself, paint your deck or paint the trim rather than replace it.
Adding a fresh coat of paint can make items look new and eliminate the need to purchase new ones. Paint can also help you define zones in your home if you have an open concept. For example, if you want to create a cozy nook area, you can paint the corner of a room or add curtains to separate the space.
3. Look for Sales
Only make big purchases when there are discounts–wait for them. Also, hit up resale shops and buy things used that can save you tons of money, like gently used light fixtures or boxes of tile you can repurpose for a kitchen backsplash.
Research appliances and other big purchases as much as possible so you know when things will go on sale. Black Friday sales are often an excellent way to save on big-ticket items, so if you can wait if you can splurge on significant purchases. Look for closeouts and floor models that are discounted.
Small dents that are hard to see can save you a significant amount of money if it’s what you’re looking for. Don’t buy something just because it’s on sale–this can lead to spending more money if it doesn’t fit perfectly or you’ll need to pay for repairs. If you do your research and are patient enough, you can snag deals that save you a lot of money.
4. Create a Temporary Kitchen
While your home is renovating, your family will still need to eat. Kitchen remodeling often takes much longer than expected, and you don’t want to exceed your budget by eating out all the time.
Limit the amount of take-out you order by creating a makeshift kitchen in another location of your home. Invest in a cooler sink that can save you from overloading your bathroom with kitchen dishes and water needs.
You can temporarily set up a microwave, a small grill or a portable stovetop to cook in your garage or a corner of your living room. You can do much with a microwave in a pinch like boil pasta, make scrambled eggs and cook vegetables or other side dishes for your meals.
Create a meal plan for the duration of your remodel to make the most of your savings. Meal prepping before your kitchen goes out of commission can help tremendously.
5. Keep It Classic
Avoid trying to keep up with trends when renovating your home. You’ll save money in the long run with timeless decor choices. If you’ve always wanted yellow kitchen walls, paint away. However, if you want a bright backsplash because it is in style, opt out of that decision unless you know you’ll be happy with it for a long time.
Repairing, removing or replacing tile can be a daunting and expensive project, so you want to ensure you’re thinking long-term. Make decorative decisions that you might want to change later less permanent, like wall art or designs you can paint yourself.
Choosing a neutral color scheme can ensure that your renovations won’t go out of style. Stick with the classics when it comes to the structure of your home so you can ensure that you’ll be pleased for years to come.
Saving Money on Renovations
Don’t let your home renovations over-extend your budget. Utilize these tips to maximize your savings while remodeling your home. Unforeseen circumstances may arise but stick with your plan as much as possible to stay on task and maximize your savings during renovations.