From the richest to the poorest, every homeowner has a limit when it comes to their remodeling budget. Not only do you have to worry about the prices of materials and labor, but you also need to leave some extra room for unexpected costs. Remodeling your house on a budget can be tricky, of course, but there are a number of ways to improve your home without going broke. So today, we’re discussing some handy tips that can help you save money, avoid silly mistakes, and get the most bang for your buck.
Remodeling Your House on a Budget
Create a Realistic Budget. If you’re going to stick to your budget, you first need to create a budget that makes sense. Do your homework and investigate how much your preferred materials will cost, how long they will last, how complicated installation will be, and/or how much a contractor will cost. Once you’ve figured out the financial details, add about 15-20% for contingencies to create a feasible budget.
Don’t Purchase Second-Rate Materials or Avoid Prep Work. You really do get what you pay for when it comes to remodeling materials. If you can’t afford to use a quality material, wait and save up your money. Additionally, don’t skip essential prep work. Take your time and do it right. You will likely save money in the long run, since you won’t have to replace or repair cheap choices several years down the road.
DIY or Find a Great Contractor. Completing a remodeling project on your own is a great way to cut your expenses, but only tackle the project if you know you can handle it. For example, you could install your own tile flooring or demo a wall (if you’re certain it’s not load-bearing, of course). If you’re using a contractor, focus on finding a reliable professional who won’t cut corners because, again, this could cost you more in the long run.
Consider Doppelgängers. Many homeowners covet beautiful hardwood floors, but if you simply can’t afford them, try a less expensive option that looks similar, like laminate. Or if you like the look of stone floors in a bathroom, you can replicate their appearance at a much cheaper price using concrete. These lookalike products create similar visual effects without the hefty price tags.
Look for Inexpensive Projects That Will Have a Big Impact. If you dislike certain features in your home but you don’t have the money for a complete overhaul, look for smaller projects that will still greatly influence your home’s appearance. For example, you could paint the walls, replace the hardware on your cabinets, add strategic lighting, or install crown molding. These little design projects can pack a big punch.
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If you’re planning to remodel your house but you’re on a strict budget, be sure to check out Curran Design Center, a small, family-owned and -operated business located in Nixa, Missouri. Our talented team of designers can help you remodel any room in your house, handling everything from kitchens and bathrooms to room additions and floor coverings. To learn more about our full service design center, please give us a call at 417-724-1018 or click here for a free consultation. We look forward to hearing from you!