Ways Thrifty People Save Money on Renovations

The cost of renovating your home can quickly get out of hand once you actually start the project. Although a lot of people plan ahead and try to come up with a realistic estimate, home remodeling can come with many unexpected expenses. Because of this, it’s important that you don’t rush into the project, but instead do some research on how you can cut costs.

Make a Detailed Plan

If you want to save money on renovations, you’ll need to spend a lot of time planning and setting a realistic budget. Before you make any type of plan, it’s important that you first determine just how much money you can afford to spend. Once you do that, you can start making design choices. Make sure to take everything into account when creating a plan, from materials to rental storage spaces where you will put your furniture while the work is being done.

It’s always a good idea to seek help from renovation professionals when making a plan, since they will be able to give you a rough estimate of your costs. However, keep in mind that even if you get an estimate, you should still reserve 10 percent of your budget for flexibility.

Search for the Right Contractor

Just because you’ve encountered a contractor that you think would be good for the job doesn’t mean that you should settle for him right away. If you want to save money on renovations, then you should spend some time researching your options. Try to get bids from multiple contractors to see who will offer you the best deal. Nevertheless, know that if a contractor offers to do the job at an incredibly low price, then he might be trying to cut corners.

Nowadays, finding a good contractor isn’t that hard. Apart from asking your friends and family for suggestions or using Google, you can also use websites like Serviz that help you find and book reputable contractors near you.

Do Some Tasks Yourself

Even though some jobs are best left to the professionals, you can save a lot of money if you do certain tasks yourself. Keep in mind that even if you think you would know how to lay tile or put up drywall, you can still do some stuff that will help you cut costs. For example, instead of paying the construction crew to clean up after each day, you can do the cleaning yourself. It’s also a good idea to prep the space before the crow arrives. After all, you’ll be paying them by the hour, so you should think one step ahead.

Use Leftover Paint

You can save up to several hundred dollars simply by getting some leftover paint. If you have some friends or family members who renovated their home recently, you can ask them whether they have some leftover paint. In case they don’t, you can also ask your contractor.

Wait for Sales

Just because you recently got the idea to renovate your home doesn’t mean that you should do it right away. If you’re looking to save as much money as possible, you should be patient and wait for sales before you make any big purchases. In case you want to buy power tools and electronics, it’s recommended that you wait for Black Friday. Similarly, if you want to buy new outdoor furniture, you should wait until the end of the summer to get good deals.

Sell the Things You’re Not Using

Instead of throwing away old stuff, you can sell it. It doesn’t matter if you’re looking to sell doors, kitchen cabinets, hardware, appliances or anything else – chances are that you will find a buyer. In case you don’t find anyone who wants to buy your old stuff, you can at least sell metal items to scrap yards.

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    Greg Stiles

    Covering the Southern Oregon business and economy since 2001. Read Full
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