26
Mar

5 Ways To Save Money On A Home Renovation

“The simplest definition of a budget is “telling your money where to go.” 

― Tsh Oxenreider

5 Ways to Save Money on A Home Renovation

We get it. You want to renovate your home, but thoughts about the budget get overwhelming. Here are some ideas to keep your budget under control and get you moving towards the renovation you are dreaming of. 

Whenever anyone thinks of home renovation, budget should always be one of your first considerations. Home renovations are an excellent way to enhance the look of your home, and create a new and exciting space for your daily living. But when budget is a concern, it’s important to know a few ways to manage your expenses and save money on your project.. 

Let’s get started. 

Do Some of the Home Renovation Yourself 

The best way of saving money on a home renovation is to do some of it yourself. If you have a tight budget, then it’s better to do parts of the project yourself. There are various home renovation ideas that you can handle by yourself, such as painting, demolition and clean up, as well as some of the planning and design. 

Make a list of things that you can do by yourself without the need for an expert. This may  save you some money. 

Make a Budget for Yourself 

Before you start renovating your home, be sure to make a budget plan. Make a list of the things that you want to change in your home and do some research on pricing for these items that you are changing in your home. Once you set your budget, and have done your due diligence you will have an excellent idea of whether the full scope of your renovation is realistic.

If you stick to the budget, then you can control your spending and still create a great project. Be mindful of upgrades on individual parts of your reno, as it can quickly add up and blow your budget plans. 

Shop with the Right Professional 

It’s can be very important to find the right expert early in the process, because they often have great ideas of how to save you money during home renovation. A lot of  people believe that hiring a  professional will add a lot to the cost, but often their expertise can save you time and money and help manage your budget and expectations along the way. 

Choose Your Materials and Finishes Wisely 

Renovations require you to make a lot of choices in the process, and  there are so many different materials available for you to choose from.  But if you want to save a lot of money, then finding good value on your materials is essential. Additional tips like using paint instead of tile, and fixing or refinishing an area instead of replacing can add up and save you a lot of money. 

Invest Time 

Last but not least, invest as much time as you can spare. While renovating homes, investing your  time wisely in things like budget creation, and materials selection can make a big difference to your bottom line. If you like vintage style, make sure to take some time to look online for the things that can be reused or repurposed. It can seem overwhelming, but it is worth doing to personalize your project and save money in the process.

Need an expert to plan your designs well within your budget?

At Renovation Room, our entire focus is to simplify the renovation process for our clients. From the initial Design Your Style Experience to material and vendor selections, we are here to guide you through the process. Our in house team will work to understand your needs, taking your budget into consideration while helping to plan your space. Excited already? Connect with us today to get started.