Home Renovation Cost Savings: Renovations are an excellent means of adding value to your house if you plan on selling, but even if you don’t wish to sell, renovations can make your home more comfortable and functional. One common issue with renovations, however, is the tendency to let them get out of control, which can end up costing you a lot more than you had originally intended.
Here are some home renovation cost saving tips to keep more money in your wallet, or help your bathroom, Kitchen, or home renovation dollar go further in North Vancouver:
Create a Budget and Stick to It
We’ll start with the most obvious: you need to have a firm idea of what you can spend and then, most importantly, you must stick to it no matter what temptations you face. Having a budget doesn’t mean doing everything as cheaply as possible, it means determining what you can spend and where you want to spend it.
If you start with a spreadsheet that includes all your anticipated expenses, you can visualize where your money is going and make adjustments to prioritize the things you want most.
Take Your Time
It’s exciting to redo your home, or even just a single room. You will no doubt want to jump right in, anxious to see the results. But take your time and enjoy the planning stage. If you are planning to do several rooms, start with one or two to avoid getting overwhelmed.
Rushing often leads to regret but aside from that, starting small means you are better able to deal with unexpected expenses. If you are working on multiple rooms at once and something goes wrong, it might be beyond your budget to deal with. Planning, and
Do It Yourself
This isn’t for everyone but if you are able to do some of the work yourself, it’s one of the easiest ways to save money. Even if you don’t consider yourself very handy, you can help to prepare the workspace. After all, when you are paying workers by the hour, every bit of work that you can do will save you time and thus money.
Of course, if you have the skills to do more than the basic tasks, this will save you even more.
Reuse Materials When Possible
Renovating your kitchen doesn’t have to mean changing every part of it. Updating your cabinets can be done by refacing or even replacing the doors while leaving the rest of the cabinet body as-is. Even if you can’t reuse any existing materials, you may be able to find something suitable in salvage yards, or in leftover materials from a friend or neighbour’s project.
Watch for Sales
Some of your big costs are going to be finishing materials, fixtures, and appliances. Knowing what you want ahead of time and watching prices can be key to home renovation cost saving while still ensuring you get what you want. If you are planning in advance for a renovation, that might allow you to take advantage of the sales that come up at certain times of the year. Black Friday, appliance sales and other sales events can provide you with some serious savings.
Keep the Same Layout
Changing the layout of a room to relocate a sink or bathtub can be expensive. Moving a wall or window can be even more so. Unless you are making significant changes to improve a room’s functionality, you might want to consider leaving the existing footprint untouched.
These are just a few tips to help keep your expenses down when renovating your home. There are numerous hacks that you can take advantage of to save money while still getting the result you want. Keep an eye out for cost-saving opportunities and you’ll be much more likely to stay within or even below budget.
Talk To An Expert
When you have done hundreds of home renovations, you learn a few things, including where to save and where saving money might be a mistake in the long run. Renovation and building contractors who have been working in North Vancouver for a long time also have great connections with local, and sometimes not so local suppliers, and will know where to get the best materials at the best price. As major buyers, they may even have the inside track on sales or discounts that regular consumers will not get.
If you are planning a home renovation in North Vancouver, West Vancouver or Burnaby, please don’t hesitate to talk to the team at Shakespeare Homes. We would happy to discuss your vision and how we can help you save money when you renovate your home.
