Let’s be honest at the outset of this article. Renovating your home can be costly. Whether you hire others to do the work for you, or should you take on the project yourself, you are going to see a hit in your bank account. If money is in short supply, you should wait. You can still give your home a makeover without any expensive redesigns. Consider our affordable kitchen tips, as an example. Still, if your heart is set on renovating an area of your home, and you do have the funds at your disposal, here are some tips to reduce your expenses.
1. Know what you can comfortably afford
Take a look at your bank balance, budget your living costs, and then see what you have remaining. When you know how much money you have to spend on renovating your home, you can then plan accordingly. Just remember to add in any hidden and unexpected costs so you don’t find yourself in a financial pickle down the line.
2. Use a renovation calculator
When working out the costs of your project, use a renovation cost calculator to ensure you don’t go over budget. Provided you know how much you have to spend, you will then be able to plan your project. It may be that you will have to limit your plans, but you can still save money now by waiting until a later date for some of your renovation dreams. If your budget can’t handle everything you want, focus on what you consider to be a priority.
3. Consider doing it yourself
If you are a skilled tradesperson, then do consider taking on some or all of the work yourself. This will cut down the cost of hiring others to do the work for you. However, do hire others if you are unskilled in particular areas. The expense is worth it, as you may make financial trouble for yourself if you make any silly blunders when trying to go it alone.
4. Shop around for your building supplies
For jobs you are doing yourself, don’t pay over the odds on tools and materials. While you shouldn’t purchase anything that isn’t fit for purpose – you will make hard work for yourself if you do – you can still buy quality items at lower prices if you look hard enough. Online retailers such as Bryson Products often have clearance sales and bulk buy offers, so do your research before you start spending your cash.
5. Compare builder quotes
If you are employing somebody else to do some or all of the work for you, then follow the same principle as above, and shop around when looking to hire a building firm. The first thing you need to do is narrow down a shortlist of builders by only concentrating on anybody with a trusted reputation. You don’t want to waste money employing a cowboy builder, after all. When you have a shortlist, get quotes from each of them, and then consider your options. While you may be tempted to go for the cheapest quote, remember that you get what you pay for, so ask the right questions before signing a contract. The right builder will show you where savings can be made, and provided you give them clear direction, they should be able to give you an accurate figure so you know what you are paying for without any nasty surprises.
These are only some of the ways you can save money, but let us know if you have further ideas. Thanks for reading, and good luck with your renovation projects.