Five Ways to Save Money On Your Home Renovation

Savings in home renovation
Image credit: Lee Haywood via Flickr. Creative Commons 2.0.

Renovating your home can be an exciting process, but it can also be a costly one. However, there’s no rule that says you need to spend thousands of dollars on every renovation project. There are a few ways you can save money without cutting corners and feel more financially savvy. Here are five ways to save money on your home renovation project.

1. Don’t splurge on artificial lighting

There are all types of lights available, and the right amount of illumination can help you create the look and feel you want in your home. That being said, consider natural lighting. Not only is it cost-efficient, thanks to the sun, but it can give any space a soft, warm glow. In turn, you’ll save money on light fixtures and electricity. Think about installing skylights, for instance, instead of overhead lights throughout your living room.

2. Be open to alternatives

Perhaps you want oak hardwood floors throughout your bedroom, but that’s putting stress on your budget. An easy way to remedy these types of situations is to consider alternatives. In this case, you could consider modern laminate flooring that has the look of hardwood at half the price. Stay open to alternatives that fit better into your budget.

3. Keep what you can

Your kitchen might seem like it has a desperate need for new cabinets, but what would the existing ones look like with a fresh coat of paint? By refinishing some existing elements in your house, you’ll be able to save money throughout the course of your renovation. Instead of spending money on new fixtures, think about investing in a fine brand of paint to give your items new life.

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4. Do some online shopping

You can find everything from tile to faucets online, and you can get a good deal on them if you know where to look. Shopping online for items you need to replace can help you save big bucks and stay on budget with your home renovation. Just keep in mind that you always run the risk of products not looking exactly the same as they did in the photos online – hang on to your receipts after every purchase.

5. Handle some of the labor

While it may be simpler to hire a painter and call it a day, you might want to try your hand at some manual labor to save money. This can’t be said for every renovation task that needs to be completed. For example, replacing dangerous electrical wires is better left to an expert. However, small tasks such as painting and grouting tile could be within your skill level.

A home renovation can help you bring your visions of a dream house to life. To ensure that you aren’t limited by your bank account, take these tips into consideration as your renovation project begins.

Five Ways to Save Money On Your Home Renovation was last modified: January 16th, 2017 by Krystle Vermes
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