Owning a home can be expensive. From the amount that you pay to buy your home in the first place to all the monthly costs it takes to maintain it, adding anything else can often be too much of a burden for many homeowners. However, there may come a time where you need to take on some renovations in order to keep your home in good repair or to increase its resale value for your future financial health.
If you currently find yourself in a situation where you have home renovations that you need to take care of but you don’t have an unlimited budget to get these updates done, here are three tips to implement that can help you save money on your home renovations.
Refresh Before Remodeling
While you might feel like a complete remodel is necessary in some instances, you might be surprised how much of a change you can make by simply doing a refresh of what’s already there rather than doing an actual remodel.
For example, Nick Gerhardt, a contributor to the Family Handyman, shares that by putting a new coat of paint on things like your cabinetry instead of replacing them completely, you can give a whole new look to your kitchen, bathroom, home office, and more. Even cabinets that you thought were ugly before and anticipated needing to be replaced can breathe in a whole new life.
Focus On Efficiency
One of the biggest reasons people choose to do renovations on their homes is to get more space than they previously had. However, for many homes, what they need is better efficiency of the space they currently use rather than actually adding more space.
To help you make your home more efficient with your usage of space, James Glave, a contributor to The Old House, recommends that you rethink how you have your home laid out in order to maximize your storage. Things like seating can usually be easily turned into an additional storage option by hollowing it out and adding a door or lid.
Spend Time Shopping Around
For the places in your home that you are going to actually remodel, the best way you can save money is to shop around for the best prices on the items that you’re going to be buying.
To truly ensure that you’re getting the best price, Dana McMahan, a contributor to Apartment Therapy, recommends calling or visiting anywhere that sells what you’re looking for. While this can take up a decent amount of time, if you’re able to save enough money by doing so, it could be well worth it to you in the long run.
If you’re going to be taking on some home renovations in the future, consider using the tips mentioned above to help you find some actionable ways that you can save yourself some money in the process.