Breaking the bank is perhaps the biggest challenge when tackling a home improvement project. After all, even by creating a financial cushion to cover for unexpected expenses and taking the time to look for inexpensive alternatives for any equipment or tools needed, there’s still a good chance that you will be spending more than what you want to.
But that’s not to say that it’s impossible to get your dream makeover at a price that you will be able to afford. By strategically thinking about the design and the materials as well as timing, you will be able to keep the costs of the project down without cutting any corners. To this end, here are a few tips that should help save you money on your remodel.
Focus on efficiency rather than dimensions
No matter how small an area is, you don’t necessarily need to add more square footage. Instead, try to clean and reorganise first. From replacing shelves that take up too much real estate with space-saving cabinets or sizeable bathtubs with freestanding baths, focusing on efficiency rather than dimensions will allow you to gain more space without having to spend both time and money on taking down walls or building new rooms.
Upgrade your lighting system instead of adding windows
Before you start cutting large holes in the sides of your home and spending for windows that will let more light in, it’s a better approach to consider upgrading your lighting system instead. Light-emitting diodes or LEDs, for example, are brighter and reflect more light. More importantly, they’re efficient too, meaning that they’ll not only serve their intended purpose well but reduce your energy bills too.
Recycle rather than replace
Those with a penchant for the do-it-yourself approach can potentially save a lot of money by using recycled items such as furniture and fixtures instead of buying items brand new. However, it is well worth noting that some contractors may refuse to work with salvaged or second-hand materials because of liability issues. But if you’re doing the work on your own, you keep the costs of the project low by buying from salvage yards or recycling centres.
Consider the long-term benefits
While opting for refurbished items can save you money during the remodel or renovation, there are areas where it’s better to spend more. From materials and tools that the project requires to the professional services needed, considering the long-term benefits your investment can often be more advantageous rather than focusing on its present-day gains.
It’s not hard for costs to spiral out of control with home improvement projects. But as tough as it might be to stay within budget, there are ways to keep your expenditure at a minimum and get the best value for your money. By keeping these tips in mind when renovating or remodelling your home, not only are you much more likely to get the results that you desire, but you’re also increasing the chances of saving more money on the project.
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