If the idea of dishing out the cash to make renovations has you sweating, look no further. There are steps you can take to achieve the home of your dreams without spending too much of your savings. Consider using the following hacks to design your dream home while still pinching pennies.
- DIY with recycled materials.
If you are choosing to build your own shelves or take on other creative projects, remember that you don't have to buy all of your materials new. It's easy and eco-friendly to get creative with recycled materials. Head to your local recycling center to see if they have extra wood available.
- Work with a designer to maximize space.
The key to remodeling on a budget is adding the lowest number of features for the best possible use of space. This means that rather than adding 10 cabinets with one shelf inside, you add five cabinets with two. Smart design will save you space and money.
- Pick up your own appliances.
When ordering new appliances, delivery fees can easily add up. By picking them up yourself, you can simply pay the price of the appliance. If there is no way that a refrigerator is going to fit inside your vehicle, consider borrowing one from a friend or renting one. This will likely still be more affordable than delivery fees.
- Consider refurbishing rather than replacing.
Get creative when looking at the space. Do you really need to replace your kitchen table or will a fresh coat of staining do the trick? If you can give your home features a makeover rather than replacing them, you will save yourself quite a bit of time and money.
- Know when to invest.
Remember that while you are trying to save money on your home remodeling projects, there are some renovations that are certainly worth investing in. For example, bathroom additions offer a return on investment of 82.7% on average. This could be the exact boost you need if you ever try to sell your home.
Remember that cutting costs during your renovation could be more about saving on the small things rather than big-scale projects.
"Another universal truth about renovations is that every little thing adds up," James Glove writes in This Old House. "So save a little here, save a little there, and pretty soon you're talking about real money."
By thinking through every step of your remodel, you can create the home of your dreams without breaking the bank. This leaves room to enjoy your savings down the line.