When you picture a home renovation, you’re probably imagining the dollar signs that go with it. While it’s true that renovations cost money, there are many ways you can save money without giving up your style tastes or safety.
Depending on the upgrades you want, there are some ways you can save thousands just by comparing material types or getting your hands a little dirty. Before you decide to hire a contractor for a complete gut job, make sure you know the best ways to gut the expenses first.
Make a Detailed Plan
When you create a plan and stick to it, there is a lower chance of overspending and taking on more jobs and steps that you don’t need. Choose what you want to renovate first in terms of priority.
Create a detailed plan on how to get there—cost estimates, materials, and steps you’ll need to take. You can map out your entire renovation plan as well to ensure you don’t go too far ahead. When you focus on one step at a time, you won’t bite off more financially than you can chew. Stick to the plan and budget.
Consider Affordable Changes
If you want to change the look of your home but can’t manage enough room in your budget for something major, consider smaller changes. Some of the most affordable changes, like light fixtures or paint colors, can actually make huge design statements. Some inexpensive and high-impact modifications can also include peel-and-stick backsplash, cabinet pulls, door handles, window film, storage shelves, and more. Even if these are temporary solutions, they can scratch the itch while you save up for a larger-scale renovation.
Do It Yourself
When you hire professional contractors to renovate for you, you’re paying for labor. While hard work should always be compensated, you can cut labor costs by doing it yourself. With a little self-teaching, you can paint a room yourself easily without having to pay for professional painters. Some renovations may require more expertise, so DIY where you can and hire a professional for the rest. Any savings can make a huge difference, even if all you do yourself is supply materials or drill a few holes.
Purchase Bulk Supplies Locally
You can save a lot of money by cost-comparing different materials like wood, tile, or stone. Visit different suppliers in town to see which retailer offers the cheapest options. You’ll likely get a better deal with local suppliers versus major corporations, but consider all of your choices for a more informed price decision. If you don’t know about local suppliers, you can find them online with a quick search for ‘home building supplies near me’ or similar terms. The more you buy in bulk, the more you can save per volume, weight, or piece as well.
Cost-Compare Furniture
If your renovations involve furniture additions or replacements, don’t stick with the first option you see. Compare similar-looking furniture online or at several different in-person stores to make sure you’re getting the best deal. Local furniture stores may be able to bargain with you, while big-box retailers may have some attractive financing options. You’ll also want to consider that cheaper furniture may not last as long, requiring you to pay for a replacement sooner. Consider all angles before you choose furniture.
One Project at a Time
You may have several changes to make in your home, especially if you’ve purchased a fixer-upper. To give your budget some breathing room, opt for one project or room at a time. Choose the most affordable renovations first, or consider the highest priority changes as your first step.
When you’ve finished one room or addition, give some time to save up more, and tackle the next renovation when you’re ready. It will take longer, but it’s more affordable than giving up cash for everything up front.
Choose Professionals Wisely
You won’t be able to DIY every renovation. You’ll definitely want to hire experts when it comes to major electrical or plumbing work at the very least. While you’ll be paying for their expertise, don’t settle for the first option you find. Get some quotes from several different contractors to compare costs. Make sure you read reviews and are getting high-quality work for what you’re paying for. Sometimes, local professionals will cut you a deal, but be careful of scams or too-good-to-be-true prices.
Conclusion
You don’t need to sacrifice your tastes and dream home plans if you can’t afford big renovations.
By creating a game plan, giving yourself time to save, choosing professionals and materials wisely, and comparing cost options, you can save thousands on home fixes. However, you don’t want to cut corners; make sure your renovations are safe and legal by building them up to code and obtaining permits whenever possible. Professional contractors are helpful for these purposes. The more you save, the quicker you can renovate, so plan wisely.
- Art Deco Flooring: Stunning Inlay Patterns to Know - June 18, 2025
- What Makes a Landscaping Design Feel Natural and Intentional - June 18, 2025
- The Elegant Fan Pattern in Art Deco Design - June 17, 2025
