Renovating your home can be a great way to improve your living space and increase the value of a significant asset. However, it can also be expensive. Furthermore, the more you spend on renovating, the less likely you are to see that money back in increased value. Fortunately, with a few helpful tips, you can save some money. So, grab your hammer, drill, level and magnetic locator and get ready to renovate.
1. Make a Budget and Keep to It
The most important thing you can do to reduce the cost of your renovation is to make a budget. Don’t just set a topline number that you are aiming for. Take the time to break down your expected cost by category. Do some research to come up with realistic numbers. You may be able to find opportunities for saving, but don’t expect to buy materials for a full new kitchen for $100.
2. Be Flexible With Your Schedule
One of the best ways to save money is to be flexible about your timeline. There is a saying that you can get the job done fast, cheap or well, pick two. It is much better to get it done properly for less money and sacrifice on the timeline. You can avoid any rush pricing from contractors. Additionally, you can shop around more and even learn to do some of the work yourself.
3. Do Some Work Yourself
When possible, break out your toolkit and start on some of your work yourself. This is another great way to save money. You may be surprised by how much you can learn. Most people can figure out how to use a drill and saw. However, you could pick up a magnetic locator and utility locator and check for underground obstructions before digging on your property, for example.
There are some jobs that you should hire someone for. Major plumbing and electrical work should be done by an experienced professional. Nonetheless, you can take on a lot of tasks and save some significant room in your budget.
4. Think Carefully About What You Can Keep/Reuse
Try making an inventory of all the materials currently in the room you are renovating. You may be able to reuse some of them. For example, you could repaint or refinish your kitchen cabinets rather than replacing them. This can save you a significant amount of money. You may be able to reuse some of the tiles from your bathroom, interspersing some accent tiles for more color.
5. Think Long-Term
Saving money shouldn’t just be about the immediate renovation. You also need to think long-term. For example, if you buy some budget materials that will need to be replaced again in a couple of years, are you really saving money? Additionally, you may want to consider the energy efficiency of some of your appliances. You may be able to save some significant money over time on your utility bills.
6. Sell What You Aren’t Using
When possible, sell the other materials that you aren’t using. In some cases, this is unfeasible. For example, you won’t be able to pull much of your tile fully intact from the wall. However, you can easily sell used appliances. Additionally, you may be able to sell old cabinetry. While you may not recoup a huge percentage of your renovation cost this way, it is a good way to get some money back.
Order Your DIY Tools
The above tips will help you to save money when you are renovating your home. With the right tools, you can get a lot of work done. Check out Engineer Supply for DIY and professional tools. We have everything from power saws to magnetic locators. Explore the catalog today and place your order for your next project.
Author bio:
Sarah Grace Del Rosario is a blogger from Engineer Supply. We match businesses with vetted marketing experts and help measure and manage their performance, to ensure marketing success. When not working, Sarah loves to travel and paint. She also does event styling for events like wedding and birthday celebrations.
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