6 Ways to Save Money on Your Remodeling Project
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Originally Posted On: https://sherhill.ca/6-ways-to-save-money-on-your-remodeling-project/
6 Ways to Save Money on Your Remodeling Project
Many homeowners love updating their kitchens, bathrooms, or bedrooms, making exciting changes that transform and reshape their homes. If remodeling is such a desirable and welcome procedure for most homeowners, you may be asking why everybody doesn’t start such a project. The simple answer is the cost.
Remodeling jobs have a reputation for being costly investments that often go over budget due to expensive materials, wasteful practices, and dishonest contractors. While it’s true that a remodeling project can run up a huge bill, it doesn’t have to be this way. There are many ways you can limit the expense of a remodeling job and still achieve transformative results for your house.
We’re your best friends when it comes to remodeling projects. With our experience, we’ve learned the best ways to limit the size of your investment without compromising your vision. Here are our tips to help you save money on a home remodeling project:
Set a Strict Budget
Before you do anything else—even deciding on the room you’re looking to update—you need to have a fixed budget. Going into a remodeling project blind, without a budget to guide you, can lead to risky overspending. Start with a fixed amount you can afford to spend and base all your decisions throughout the remodeling project around that number.
After setting a budget, it’s just as crucial that you stick to it. Be on the lookout throughout the project for any elements that could send you over budget, and keep track of your expenses as you go. It’s also essential to stay wary early in the project so that you don’t risk hitting your budget midway through and end up scrambling to finish the construction. Have a detailed plan and stick to it—this will ensure your project is one you can afford.
Reuse Appliances and Fixtures
Especially when you’re renovating the kitchen or bathroom, you’ll have decisions to make regarding your appliances and fixtures. If you’re working with a large budget, replacing your sinks, countertops, bathtub, etc., with more modern options may be a no-brainer. However, if you’re operating on a small budget or have recently upgraded your appliances, you can likely reuse what you already have.
A renovation can take place around the appliances and fixtures and can even be planned in a way that optimizes the use and appearance of the pieces you already own. You can save thousands of dollars on any project by not investing in new fridges, stoves, light fixtures, or sinks. These savings can be kept to fit your project under a strict budget or reallocated to other areas of greater need.
Work With the Existing Structure
The most expensive remodeling projects are usually ones in which the structure of your home is reimagined. Many clients dream of opening up their spaces by removing walls or redesigning their floorplan. While this is certainly tempting and will lead to the transformative results many people are looking for, it’s better to work with the structure you have when you’re trying to keep prices affordable.
By simply refinishing or refurbishing your existing floors and walls, you can save money on the carpentry, electrical, plumbing, drywall, and other expenditures that come with wall removal and space redesign.
Keeping your structure as is doesn’t mean you can’t have radically reimagined spaces! There are many ways that your rooms can be updated within the existing layout.
Consider Efficient Additions
Some of our clients have started a remodeling project with the intention of investing in new appliances, fixtures, and other systems in their homes. While these additions will likely come at a high expense, they are also a form of long-term savings. Investing your money into your property can be a way of maintaining its value over time and potentially even getting more from it on resale. What’s more, updating the tech in your home could lead to savings in energy and other utility costs.
Whenever you’re looking for new pieces for your home, prioritize efficiency, and you’ll be able to reap the reward of savings down the line. Kitchen appliances such as fridges and stoves that minimize energy consumption, toilets and dishwashers that limit water usage, and energy-efficient lights and electrical systems are all value-adding details that can save you money.
Smart Waste Management
Remodeling projects often mean removing items, materials, and other discarded waste from your home. The most common way to get rid of this stuff is by renting a dumpster from a local waste management company. This is far more convenient than taking junk to a dump by yourself, but you should always be smart about how you pack your waste.
Dumpsters are charged per day and unit, meaning if you don’t fill them as tightly and efficiently as possible, you will likely accumulate high costs. Be smart about removing your waste, doing it in as few loads as possible, and you could save hundreds of dollars through the process.
Find an Affordable Professional Contractor
Many professional contractors can do the job you want, but not all will offer affordable rates. We always recommend you shop around to find a contractor who gives reasonable rates for their work.
Most remodeling companies will tell you how much their services will cost before the project, letting you compare your options before signing any of them. Talk to several and assess their rates before deciding, and you’ll likely find better deals than you thought you would!
In your search for a contractor, you should always consider. Though we’ve given you several great tips for saving money throughout your project, we also know that unexpected issues may arise during construction that forces a contractor to make decisions regarding your money.
We’re the experts at getting jobs done under budget and will always work with you to find solutions that meet your financial goals.
With us, you can take these money-saving tips and build on them to achieve personalized remodeling jobs in any room of your home. Just reach out to our team to learn about our rates and book a consultation!