5 Easy Ways to Save Money On Home Renovations

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Best home renovation tips and tricks

Whether you want to spruce up your place or rebuild a decaying section of the house, home renovations present a different challenge that many homeowners face. For one thing, it’ll require time. Many home renovations might require a few days or even weeks to complete which can affect the daily lives of those who reside in the house. Next and the most obvious one is the cost.

Renovation won’t be like getting spy equipment installed like cameras or motion sensors. It is a huge project that requires planning, consultation, implementation, and even finishing touches. So if you are planning to undergo a home renovation and looking to cut down on cost, here are a few tips.

  • Plan Your Final Outcome

If you are set on what you want to achieve in your home renovation, everything will go smoother down the road and will help you trim down on your cost. This means making as many of the decision early on. It is usually the extra work that comes up unexpectedly during the working process that takes a big chunk of the cost when added together. Plus, they take up a big chunk of the time too. Avoiding this overruns means creating a detailed plan right at the very beginning. You can either do this on your own if you are knowledgeable enough or consult with an architect even before you begin construction or demolition.

For DIY projects, homeowners can use graph paper or simple online programs that they can use to draw up such plans. The important note to takeaway here is to document as much of the changes you want to do and communicate it to the builder or workers. If it is shown clearly in the plan then they are obligated to execute it. For things that are vague or not shown, it may not be included in the price or the builder’s contract. Being specific at the start of the project will mean you will be better off financially.

  • Hire a Reliable Worker

Getting quotes is crucial in any build but that’s only a small part of the renovation project. Transparent conversations early on in the planning stage will help homeowners understand the services that a contractor includes and the type of expertise they bring to the build. Be wary of contractors who offer the lowest bid. The tendency is they might be skimping out on something to offer such low price, whether it is in the materials they used or in the quality of work they do.

Keep an eye out for bids that are really specific and detailed in their quotes. Each item is carefully identified and described with specific measurements and market prices. If certain materials are not specifically described in detail then the contractor might use a sub-par material to reduce the cost and increase their earnings. And since there’s no requirement on what should be included in a bid, it is up to the homeowner to double-check and compare contracts to make sure they add up properly.

  • Do Some of the Work

Despite having the right help, there is still a chance that you might cut on your overall cost by doing some of the work yourself. One way homeowners can do this is by doing most of the prep work before the start of the construction so there’s no need to hire extra hands. This includes removing furniture, demolishing a non-load bearing wall, tearing up old wallpapers or tiles. These kinds of tasks will save you a ton of money from hiring unskilled laborers to do it for you.

You can also save a few on the cost by deciding to do the painting yourself. You may want to also buy your own finish or work with another plumber to install the fixtures. The idea is for the contractor to just come in, do the construction, and leave. Everything else you’ve done yourself. You will be reducing the cost of the renovation and the contractor will be happy not to be hounded by phone calls and he can send his unskilled workers out to other projects since there’s no work for them to do at your site.

  • Don’t Change the Layout

Once you start moving electrical and plumbing, that will add significantly to your renovation cost. If you are getting near the limit of your budget and quite satisfied with the layout of your home, then keep it as it is and you’ll cut down on the cost. If you hire an architect or a draftsman to draw a plan for the build, they should know to balance what you want with how much it’s going to cost. They will move stuff around when asked but they might not consider the cost associated with that. But it is still up to the homeowner to communicate all these to the contractor before renovation commence.

Yet, there are times when these added costs are justified if it means getting what you really want out of the renovation. It is all about compromise. It might cost more to move a wall a few feet or move a pipe but if it means a better quality result, then why not?

  • Where to Skimp and Where to Splurge

High-end renovations can easily wrack up the figures quickly but that doesn’t necessarily mean you can’t think of ways to make the end result luxurious and glamorous without having to spend too much. Designers recommend splurging on fixtures that are permanent like bathtubs, windows, and cabinets. Another way you can glam up the renovation is to save quality finishes on high-traffic areas like the living room, entry, kitchen, and dining room. These are the places in the house that you and your guests spend time the most.

Despite all that, it is still in your best interest to opt for materials between the high-quality and the cheap ones, the mid-range items. These are the ones that don’t cost as much, won’t give you as much of a headache down the line, and will last a long time. But if you are still looking to cut further cost, then look to getting less expensive materials that are accessible and easy to replace.

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