Remodeling allows you to create your dream home. You can showcase your personality through decor and design a functional layout. Although, these changes can start to add up. You have to pay for contractors, materials and maybe even permit fees. In fact, it costs around $25,000 to $45,000 for a minor scale renovation.That’s why it’s important to save money. Here are a few tips to reduce costs the right way.
- Consider the Condition of the Foundation
Suppose you’re buying a brand new house the agent about setbacks and lot coverage. Keep in mind not every property can handle expansion. Replacing the foundation can be costly or disruptive. To save money, maintain the layout of the renovated building.
Suppose you’re remodeling your current home. Also, check the foundation before knocking down walls. If you notice your door quickly jamming or cracks in the walls or floors, expanding may not be a good idea. You can always create an illusion of depth through light paint colors and mirrors. Plus, use a minimal amount of furniture to open up a room.
- Splurge on One Item
All the furniture and decor items can start to push your budget. So, you want to be careful about overspending. However, give yourself one high-cost upgrade that means the most to you. For example, you can have an open ceiling to bring in plenty of natural sunlight.
It can make the room feel spacious and more welcoming. If you have an attic or pitched roof, this usually is a simple option. Just keep in mind the price can be about 16,000 – $24,000 to vault the ceiling. But you can use the money saved from minor updates. Granite countertops or hardwood floors are other items to splurge on.
- Maintain Current Window Sizes
If it’s possible, keep the same sized window. This saves costs on additional materials. It can cost between $150 to $750 to replace a window. Instead, focus on increasing natural light. You can do this through insulated windows. They also help to lower your utility bills and reduce sound.
Also, consider weather stripping to prevent warm air from escaping in the winter. To dress up your casements and save money, add fancy trim. If you want to make a statement, you can even add french doors.
- Take Advantage of Existing Plumbing Systems
Removing wall portions for new plumbing areas can be costly. It also requires more specialized labor adding to your budget. You might even need to reconfigure other existing wiring. Any accidental damage to surrounding areas causes you to dip into emergency funds. So, look in your crawl space or basement plumbing for accessible wiring spots first.
A laundry chute can be an excellent open space for rerouting piping if neither of these is available. The easiest method is to create a path for your new plumbing lines from existing cavities. Then follow the same paths as your old plumbing.
- Install Insulation
Insulate your exterior walls, ceilings, attics and crawl spaces. If you open up interior walls for a more open layout, then add insulation. It keeps your home at a consistent temperature and reduces energy bills.
Insulation is essential for bedrooms and bathrooms. Insulating your space is affordable and can also reduce sound. It can cost between $1 and $7 per square foot to insulate an attic. Spray foam insulation often works well for these spaces.
- Skip the Expensive Kitchen Range and Fridge
Unless you’re someone who cooks often, you may not need this fancy hardware. Pro-style ranges and fridges can cost around $3,000 or up. It might not be worth the extra cash if you don’t need all the updated features. This is especially true if you eat out multiple nights a week.
Instead, save your money for custom cabinets and countertops. Another option is buying stainless steel Energy-Star rated appliances. These provide a modern look and can reduce your electricity bills.
- Do Most of the Demo
Much of the demotion doesn’t require specialized skills. You can even get your family to help make the process go faster. Consider removing cabinets and fixtures or pulling up tile and flooring. Doing your demolition can save the cost of extra contractors. Plus, it’s a good workout.
However, before starting the process, have a well-thought-out plan. Suppose you’re completely renovating a space; remove the carpet first. This allows you to sweep up nails and dust as you go. Also, check to see if you need any permits before knocking down walls.
- Buy a Shower Curtain Instead of Glass Doors
Custom glass doors in your bathroom might provide a high-end finish. They also will raise your budget. The average glass door installation can cost around $400 – $1,100. Plus, you also need to account for installation expenses. On the other hand, you can buy affordable shower curtains from local retail stores.
Another good thing is you can change them out regularly. So, you can swap out your older ones for fun-patterned styles. Sometimes, they’re easier to clean and you can often throw them in the washer. Plus, the curtains don’t accumulate fingerprints as glass materials do.
- Start With Paint
Before going out and buying a bunch of high-end decor, consider a fresh coat of paint. It can transform your space and add character. Paint is a cheap option, and you can save labor costs by doing the project yourself.
You can use a neutral color scheme for a modern and clean appearance. If you want to create a more energetic atmosphere, go for bolder colors, such as reds. Earthy tones, like blues and greens, are also popular in creating a relaxing space.
- Buy Second-Hand Decor
Second-hand can save money and still add a unique style. So, shop for finishes yourself to save money. Look for used materials from thrift shops, architectural salvage stores and antique shops. These are budget-friendly options perfect for furniture, appliances or fixtures.
For example, a vintage mirror can be the perfect piece for your living room wall. Along with saving money, you’re also helping to protect the environment. With less mass production, you limit the amount of carbon dioxide emissions.
How to Stay on Budget
As you plan your invasion, you may feel overwhelmed staring at your budget. However, there are simple ways to reduce costs. For example, keeping certain elements and splurging on must-have items. So, follow these tips to have a successful remodel without breaking the bank.
