Guest Post by Wendy Dessler: 10 Ways to Save Money on a Home Renovation
Are you on the verge of making big changes to your home? Is a home renovation project truly on the horizon? Most of us believe these renovations are going to be very expensive and difficult to pay for. And this could be true if you aren’t focused on saving money throughout the process.
You have to stick to a tight budget at all costs. An example is you need to focus on affordability when putting in new kitchen cabinets. They sell kitchen cabinets made out of solid wood at certain online retailers that you could get much cheaper than you’d pay if you bought them from a traditional retail location.
It’s simple tips like this one and others that we’re about to share that’ll help you save money when you renovate your home. So please use these tips to your advantage to make your home renovation experience much more affordable.
- Stick to Your Budget
To save money during the home renovation process, you have to create and stick to a budget. This is the biggest reason why homeowners fail to stay within their means.
But if you pay more than you can afford, you’ll have to pay for it with credit cards or take out a loan or line of credit. And once you begin paying interest, your home renovation is going to get very expensive and incredibly costly toward your personal and financial well-being.
- Cut down on Material Costs
Homeowners tend to pay top dollar for their materials and this is obviously a big mistake. In most cases, they allow the contractor to pick up the materials and we all know that contractors charge a little extra sometimes. Or even if the contractor doesn’t overcharge, they’ll still pay for pricier materials because they might not be thinking about your budget when paying for materials.
Instead of paying top dollar, think about buying reused or recycled materials. You can buy it from people selling stuff on eBay or Craigslist. Or you never know, you may even get free material on a website like Freecycle.
- Pay Less for Essential Pieces
Your essential pieces can get expensive if you aren’t careful. But that doesn’t mean you have to spend large amounts for these materials. Opt for cheaper yet still very attractive essential materials and you’ll have no trouble saving during the home renovation process.
- Buy Materials and Pay Contractors with Cash
Is it possible to pay your contractor with cash? How about paying cash for materials? Paying cash is much better than paying with credit. With credit, you may end up paying interest if you do not pay the entire balance right away. Also, paying contractors with cash sometimes leads to discounts. So inquire about cash payments with your contractor and see what he says.
- Renovating Your Home Is Not a Race to the Finish Line
It’s never wise to rush the home renovation process. If you go too fast you could potentially make serious mistakes that will cost you an arm and a leg over the long run. Instead, take your time. Look for deals every step of the way. Buy inexpensive yet high-quality materials without paying more than you should.
- Fix Things Yourself When Possible
Can you perform certain tasks yourself? Good. Do them Instead of hiring a contractor and you’ll definitely save money.
- Don’t Be Afraid to Reuse Materials
Do you have excess material lying around collecting dust? Put it to work and save money in the process. You’ll cut down on waste and you’ll save money in your budget all at the same time.
- Wait for Sales When Making Big Purchases
Are you ready to purchase big appliances for your home? Don’t buy them right now unless it happens to be a big sale weekend. Wait for Presidents’ Day, Labor Day, Memorial Day, Fourth of July, and any other sales holiday to make your big purchases. Items are sometimes as much as 50% off or more, which will definitely help you save a bundle.
- Get Quotes from Multiple Contractors When Hiring Help
Never hire the first contractor to come along even if they turn out to be the best option. Always contact multiple contractors and get multiple quotes before making your final decision. This will help you save big bucks when hiring a contractor. And if they know they are competing against one another, they may even lower their bid to save you even more money.
- Sell the Stuff You Don’t Want or Need Any Longer
Do you have stuff that you no longer need or use? That older model refrigerator is just sitting around collecting dust. Don’t throw it out if it’s still in good working condition. Put it on the Facebook Marketplace, Craigslist, or eBay and sell it to the highest bidder. Or sell it to whoever’s willing to buy it. Just don’t throw it away and waste your money.
Saving money on an upcoming home renovation is quite possible as you have just learned. Use the tips and suggestions we’ve shared today. You’ll have no trouble sticking to your budget if you do. And that’s the ultimate goal, right? So that’s what you have to do.
About the Guest Blogger
Wendy Dessler is a super-connector who helps businesses find their audience online through outreach, partnerships, and networking. She frequently writes about the latest advancements in digital marketing and focuses her efforts on developing customized blogger outreach plans depending on the industry and competition.