Remodeling on a Tight Budget
How to Save Money Remodeling
Remodeling can be expensive
and today homeowners are looking to save money and
forego expensive remodeling projects. Even though
homeowners are trying to cut back and have become
more frugal, their homes still need repairs and
remodeling upgrades to protect their investment.
The high cost of remodeling and upgrade projects
can more easily be fit into the budget by thinking
ahead and doing them at the time of year when the
material cost is lowest and concentrate on the
really need to do projects.
You may ask how the DIY
homeowner can escape the high cost of remodeling.
Here are a few ideas on how to do your remodeling
on a tight budget:
If you are in need
for an appliance or fixture upgrade to remodel the
kitchen buying new is nice, but there are other
options that will do the job. Consider buying a
used or recycled item. Often return items are
restored by the manufacturer and sold at a
discount. Nearly every major appliance dealer has
these items in stock but you usually have to ask
about them. Purchasing a restored or recycled major
appliance can save you hundreds of dollars. A good
place to look for used appliances in on Craigslist
or simply Google a particular item you are
If you are planning
a building project always buy your own materials.
As a homeowner, you are considered the general
contractor. Building contractors often mark up
material they supply to cover their hidden cost.
Purchase your material at a home supply center such
as Lowe’s or Home Depot.
Do as much of the
work as you can. You will be surprised what you can
do. If you need a little assistance ask at the
supply center. Home Depot and Lowe’s are happy to
give “how to do” information. Most home
improvements don't return what it cost to do them
unless you do the work yourself.
Buy supplies or
items out of season such as a furnace and
insulation in summer instead of winter. Purchase
air conditioning and landscaping supplies during
the winter rather than in the spring. If you're
planning a large remodel project you can take your
time by buying the individual items and material
when they are on sale and storing them in the
garage until you're ready to use them.
If at all possible
don’t finance the project. There’s no real need to
pay the finance charges if it is not absolutely
necessary. However, if you plan on putting your
home on the market when you're finish the project
you may want to finance the cost and pay off the
loan when the house sells. Always try to get the
biggest bang from your buck.
You can do your remodeling on a tight budget if
you just plan it out and take advantage of sales
and free help.
More related articles and suggestions:
Energy Saving Tips for Renters
Getting Ready for Winter
Home Remodeling and Renovation