Remodeling budgets are notoriously hard to stick to. How do you attain your dream space at a price you can afford? Check out our tips and get started!
1. Start making renovation decisions early on
Think ahead and save yourself money and hassle. Few things can complicate a remodel and jack up costs like a rushed job. Take the time to educate yourself about the Remodel Process and Request a Design Consultation. Your designer will help you do your homework and decide your preferences and personal style.
2. Opt for functionality over size
You don’t have to have a huge space to remodel; in fact, renovating a smaller area will save you a lot of cash. Don’t fall prey to today’s mentality that every homeowner requires a professional grade kitchen. 2015 ushered in “less is more” and “sustainability” sensibilities. You can make your carbon footprint a little smaller in a less spacious, but highly functional kitchen.
3. Don’t underestimate the power of paint
Paint is an effective and economic option for homeowners who just want a little change. Sometimes all your space needs is a fresh look. Utilize the transformative power of paint, and give your home a new look. The ultimate way to save money with paint is to do it yourself! If you have time and patience on your side, painting is an easy task to take on in your effort to save on labor costs.
4. Ignore trends
We love a good trend! However, the law of supply and demand means that those popular granite countertops are probably going to cost more than the alternatives. If you are serious about cutting costs at every corner, opt out of opulence and go for sensible options. The good news is that trends are relative and they tend to repeat themselves. Your alternative choices today might be considered trendy tomorrow. And in a few years, when your budget belt has loosened a bit, you may choose that upgrade.
5. Find the right contractor
Choosing contractors who know their stuff will reduce the risk of bumps in the road, and can save you countless dollars. Selecting the Right Contractor is a more important decision than choosing an appliance or color scheme, and is the key to getting your project off on the right foot. Always obtain multiple quotes, determine each contractor’s specialty, check references, and learn about each provider’s process.
6. Think facelift, not gut job
Not every remodel has to be a total renovation. Even the smallest changes can make a world of difference. If you have matters of money in mind but still want to freshen up your space, think in terms of “facelift”, not “gut job.” You’ll save thousands and still end up with results that wow.
7. Remodel slowly
This tip is not only easy on your wallet, but it also allows you to take your remodel one step at a time. Remodeling slowly will allow you to make alterations to your home as you can afford them. It also allows for some breathing space between projects.
8. Utilize what you have
Before you go supply shopping, make a detailed list and shop your house! You might already have many of the supplies you will need, such as paint trays, rollers and brushes, drop cloths… you get the idea. Those little expenses add up quickly, and before you know it, you have accumulated a stockpile of duplicate supplies, or items you don’t need, and may never use.
Remodeling is not a cheap venture, but with a little due diligence, you can help ensure your project stays on track financially. One final tip: budget an additional 20% for incidental expenses. You won’t regret it!