How to Save Money on Renovating Your Home: 7 Cost-Saving Tips from the Pros
Your dream home at a price you can afford? If you think that sounds more like a fantasy than reality, think again. You can definitely save on your home remodeling projects if you know the smart ways you can cut on costs.
Here are some suggestions on cost-efficient home renovation ideas that can save you thousands of dollars.
1. Don’t transfer the toilet or kitchen sink.
Moving the toilet or kitchen sink can increase your plumbing costs (which can go up to a thousand bucks)—so do away with it if it’s not necessary. But if you really have to do it, take the chance to have your pipes upgraded, too.
2. Seek the help of a contractor.
If you’re a skilled DIYer, chances are there’ll be some costly mistakes along the way if you’re doing everything on your own. Consider hiring the coaching services of a contractor for mentoring and consultation. You’ll then realize how much you’re going to save taking this route rather than relying only on yourself.
3. Pick up your materials yourself.
For your own DIY projects, having your needed materials delivered to your doorstep is convenient—but delivery fees can stack up and cost you much. You can save by picking them up yourself. No pickup truck? No problem. For just less than 500 bucks, you can get a utility trailer online that you can use for hauling your materials for your DIY home renovation projects.
4. Purchase your building supplies at auctions.
Rather than shop at home centers where prices can get really expensive, you’ll be better off buying your needed home renovation supplies at building-supply auctions. There, you’ll find items that cost only a few bucks as compared to home center items that can cost you thousands of dollars.
5. Engage an architect in a one-time design consultation.
If the scale of your project is not that big, it’s not practical and cost-efficient to get a full architectural service. Look for architects who are willing to provide design consultancy-only services. Make sure the service includes inspecting the problem and drawing out some solutions. Then you can give the architect’s drawing to a builder for execution.
6. Demolish and rebuild.
While this may sound like the craziest idea in the world, but starting from scratch can actually save you tens of thousands of dollars if you’re going to do a major home remodel. Demolishing your entire house and constructing a new one will result in a living space that’s stronger, sturdier, safer, and more energy-efficient.
7. Prioritize efficiency.
This is especially true in kitchen remodeling where size isn’t as important as efficiency. It just makes sense if you’re working with a small space. For example, you can change your space-consuming shelves with pull-out drawers that have racks for your various kitchen items and food. Kitchen upgrades such as lazy Susans, dividers, and pull-out trays can maximize your space and save you on remodeling costs.
Home renovation projects don’t have to involve wiping out your bank account. With some cost-saving ideas, you can make sure that you’ll have an excellently renovated house while keeping some of your savings intact.