Renovating your home can be life-changing for you and your family. But we’re not going to sugarcoat it - aside from buying your home, it might be the most expensive thing you do in a lifetime! The good news is that it doesn’t have to break the bank. With some savvy strategies up your sleeve, you can achieve your renovation dreams while staying within your budget.
Here are five effective ways to save money during your home renovation:
1) CONSIDER DEMOLITION VS RENOVATE
Is a renovation the best option for your budget? In some cases, constructing a new space may be more cost-effective than renovating. Renovations can uncover unexpected and costly issues such as cracked foundations or outdated wiring. On the other hand, starting fresh with new construction or commercial concrete installation might give you a better return on your investment. For larger projects like basement remodeling or building basement walls, weighing your options between renovation and new construction could lead to significant savings.
2) Keep the plumbing in its current location
Planning a kitchen renovation or a Residential Bathroom Remodel? Great! But if you want to cut costs, consider keeping your plumbing in its original position. Moving major plumbing fixtures like sinks, toilets, and showers can significantly drive up renovation costs. While upgrades to your fixtures are possible, reducing the amount of movement for plumbing will help keep the project budget-friendly. Before relocating anything, consult with your contractor or plumber to find the best options for your space and budget.
3) SOURCE YOUR FIXTURES AND FITTINGS
Another great way to reduce renovation costs is to source your own fixtures and fittings. Whether you’re remodeling your kitchen or installing a decorative accent wall in your living room, shopping around for materials can help you find better deals. From hardwood floor installation to selecting the right finishes for your project, being hands-on with sourcing materials allows you to control costs while still getting the look you want.
4) Textured paint comes to the rescue
Admiring the look of render but worried about the cost? Instead of opting for expensive rendering, use textured paint as a stylish and cost-effective alternative. It provides a beautiful, imperfect finish that works well with a variety of home styles. Whether it’s for an accent wall indoors or enhancing your outdoor space with patios and pergolas, textured paint can create a stunning, modern look without the hefty price tag.
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