Tips to Save Money On Your Renovation

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save money on your renovationWhen you feel like you need a change of scenery, it can be a tough call between sprucing up your existing home or looking for something entirely new. Whether you’re looking for a new build or an already-established home, there are so many options out there for real estate – even real estate in Montgomery, TX! If you decide to buy an existing home, chances are that it’s going to need some work. Instead of paying the “professionals” an obscene amount of money to do it for you, why not save money on your renovation and do the work yourself?!

Tips to Save Money On Your Renovation

With the inflated housing market across the country, some folks are choosing to wait a bit longer to relocate, and are focusing on making changes to their own homes instead. Home renovation can be costly and often end up being a much larger project then when you first started. With proper planning and inventive savings solutions you can make the changes that you want without breaking the bank.

There are arguments for and against any home improvements with respect to being able to recoup your investment when it comes time to sell. Doing your homework and finding out what types of renovations have the best return may help you make a decision about where to start in your own home. Follow some of the tips below to help you find ways to save money on your renovation while still getting the results that you are looking for.

1) Do It Yourself

The largest part of the expense involved in any type of renovation project is the cost of labor. So, the best way to save money on your renovation is to tackle a lot of the work yourself!

There are many parts of a renovation that you can take on without the aid of a professional. For those who don’t have much experience but the desire to try, there are hundreds of YouTube “How To” videos to watch to learn the skills that you may need. Watching home improvement shows and reading up on reno techniques are great ways to educate yourself about the process. You will be able to save a ton of money and learn a new skill for yourself.

Related: The Best DIY YouTube Channels to Turn You Into a Fix-It Master

2) Buy Unfinished Products

If you are working in your kitchen or bathroom, consider replacing your old cabinets with unfinished oak. You can then stain or paint your new cabinets however you like. An unstained or unpainted product is almost always cheaper than the finished version, and that goes for any type of trim as well. You can always paint or stain any wood details yourself.

Related: How to Stain Wood Cabinets

3) Shop Around

The big-box stores make it convenient to get all of your supplies in one easy stop, however that isn’t always the most economical way to go.

  • Shop around at smaller retail outlets,
  • check for sales,
  • look online at suppliers near you for the best prices, and
  • wait for the deals.

It can be tempting to gather everything that you need in one trip, but the savings you can reap by shopping around can be worth the extra time and trips.

4) Use What You Have

Not everything in a renovation has to be demolished or removed. If you have quality pieces in your room that may just need updating, then consider keeping what is there and doing the best to resurface or paint instead of replacing. Change your paint colors or paint finishes to give surfaces a whole new look. If you have hardwood flooring, instead of covering it up with expensive carpets or tile, sand it down and refinish them to look like new.

Related: The Rental House is Complete! Before and After…

Save Money On Your Renovation…Simply Learn and Do

If you want to save money on your restoration project, it really has never been easier than it is today. Google, YouTube, This Old House…they’re all at your fingertips and Siri can even help get you there. Simply search the project you want to do, watch the video, and then decide if it’s something you can easily do yourself.

save money on your renovation

Some great DIY projects include:

  • demolition work (anyone can break stuff!)
  • painting
  • staining
  • patching holes
  • refinishing floors
  • shingling simple roofs
  • putting up drywall boards
  • click-in laminate flooring

Some items that you might want to pay the professional to do:

  • electrical
  • plumbing
  • heating and cooling
  • complex roof shingling (with dormers, many peaks and valleys…)
  • patching (and matching) hardwood floors
  • putting additions on your house

One more factor you may want to consider…is time. Sure, you can do something yourself, but how long is it going to take you and what is your time worth? If you’ve never laid carpet in your life and you have a whole house to do, could you do it? I bet you could, but it would probably take you 3 weeks! The professionals could be in and out in a day and it would only cost you $500, which for many of you would be well worth the investment. The carpet would look beautiful and you’d get 3 weeks of your life back to do whatever you choose.

Want to save money on your restoration? If you’re willing to get a little dirty and challenge yourself with something you haven’t done before, you can save LOADS of money! Get started today!

How will you save money on your renovation?

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