How to Save Money on Home Improvements This Year

 Image credit: Whitney Leigh Morris

It’s no secret that home renovation costs can skyrocket before you can blink. There are many hiccups that you may encounter throughout your project — and you lose money as a consequence. Therefore, it’s essential to take measures that help you reduce expenses. This way, you’ll be able to enjoy a beautiful house for less cash.

Take a look at these ideas on how to save money on home improvements.

1. Choose Function Rather Than Size

Many like to renovate their houses to add space. It can help to expand your home if you have a family, but you don’t need to knock down a wall to expand your kitchen or den. Instead, you can focus on functional changes. For example, you could use built-in hollow benches for seats that double as storage. There are many ideas that you can reference to build an organized and practical space for less.

There are some occasions where you may need to make an area larger. In those instances, you should reference your budget and work with professionals so that you don’t make any mistakes. A project that involves your home’s structure can be potentially dangerous or disastrous.

2. Research and Stick to a Budget

You should always research and create a budget before you spend any cash. It’s important to predict your expenses so that you have a chance to save money. It’s not smart to dive into a project without a strict plan. Take a weekend or two to map out your renovation. You can make a spreadsheet that lists each item you want to buy alongside a price estimate. Feel free to call around for potential quotes.

It’s best to set aside additional cash for unexpected costs, too. You never know when you’ll run into a problem, so you want to have that money if needed. This outline can change, as well. If you notice that specific cabinets cost more than you expected, you can look into alternative options. Be sure that your budget makes sense for your wallet before you hire anyone or make purchases.

3. DIY Projects When Possible

You may be able to DIY specific projects. For example, you don’t necessarily need to hire someone to build a backyard deck. It’ll take more time and effort, but you can cut down your expenses. If you have a friend who likes to DIY, you can ask them for a few pointers and a little help if needed.

That said, you should always call a professional when you’re unsure how to approach a task. Particular jobs require expertise. You shouldn’t do an electrical project or conduct a roof inspection by yourself. Other situations like sanding and plumbing require a professional, too. You may have time to learn, but your approach may involve a few irreversible mistakes.

In general, you can spare yourself a headache when you spend a little more money on an expert.

4. Build With Recycled Materials

You may think that you need to use new materials for your remodel. That’s not the case! There are various resources to help you obtain recycled products. You’ll likely need to build with a few new items, but you can rely on slightly used lighting, cabinetry, flooring and more. This effort will help you save money. Plus, you can create a rustic look that adds character to your house.

Visit places like salvage yards and garage sales to browse for objects. If you have a contractor, you should talk to them about any leftover parts they may have stored away. Websites like eBay, Facebook Marketplace, and Craigslist often have materials and furniture for cheap. Try to think as creatively as possible.

5. Consider Longevity Over Short-Term

For expense-related reasons, you probably want to cut corners when possible. You’ll be able to save if you buy cheaper options or use recycled materials. But you can also cause a few issues for yourself. A cheaper item won’t last as long — and eventually, you’ll have to spend more money to fix those concerns. In that event, it’s best to splurge so that you can save yourself a few headaches.

The same idea applies when you want to buy an object intended to save you money, like an efficient fridge or dishwasher. Those appliances may be able to reduce utility bills by 20%, but if you use your credit card for your purchase, you’ll pay more for interest payments than you’ll receive for savings. In that situation, you should stick with your current appliance until you can affordably upgrade.

There are many similar scenarios that you may encounter. Use your best judgment to envision the long term rather than the short term.

Keep Your Remodel Expenses Low With These Ideas

Your home renovation doesn’t have to cost an arm and a leg. These suggestions can help you stick to your budget and complete each project successfully.