Home renovations can make a big difference to your home. They can help you bring in features that will add space and help you build your dream home.
There are a lot of home renovations that can add value to your property, but unfortunately with the majority, it’s a case of needing to spend money to make money when it comes to your home. It’s easy for your budget to become stretched between the rising cost of labor and scarcity of materials, but that doesn’t make it impossible to get the renovation you want.
Get help to transform your home without breaking the bank with the following tips to help you make the most of your renovation budget.
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DIY where you can
When you’re trying to cut costs, going down the DIY route can be the easiest way to save money. While some renovation jobs will be easy to do yourself, there are some you shouldn’t risk – especially with a tight budget leaving little room for error.
Bring in the professionals to do some of the big jobs like an excavating contractor to clear your space and experts to take care of plumbing and wiring. Prioritize these items in your budget and then work out what you can do yourself to save some money.
Find second-hand materials
If you’re willing to shop around, you can find second-hand materials that will save you money on your overall costs. You can start by asking on your local community pages and groups like Facebook to see if anyone has any materials they no longer want or are willing to sell.
For items like kitchen units or bathroom items, you may even get a bargain during sale time. Retailers and warehouses will be keen to sell their excess stock, which means you could be in a great position to haggle for a cheaper deal.
Call in favors from family and friends
If you have family and friends with experience in different trades, it might be time to call in some favors. You may find that family and friends will give you a reduced rate compared to other contractors, or even do the labor for free if they can fit it in during the evenings or on the weekend. You could even get family and friends to help with other tasks like tiling or painting, with many hands making light work. Just remember to keep some money in your budget for a big “Thank You” party once the work is completed!
Take your time
Another solution to a tight renovation budget is to simply take your time. Being flexible with your timescales can help you take advantage of quiet periods for contractors and give you more time to do the work yourself. Good things are worth waiting for, and even if things take a little longer than anticipated, it will all be worth it in the end.
A home renovation will have many benefits for your home, but juggling the budget can be difficult. Finding ways to cut back on some elements will help you save money for the bigger tasks so that you can get your dream renovation without the nightmare cost,