If you are planning for your dream renovation project, you can start thinking of creative ways to work within your budget. When it comes to renovation, your biggest concern is to not exceed the budget. To avoid this, always add an extra 20% buffer to prepare you for surprises and last minute modifications. If you want to save some money, one of the best ways is to be flexible in your design. Here are some tips to help save you money on renovation projects.
1. Plan ahead
Good planning will save you both time and money along the way. You should have an idea of the kind of fixtures and appliances that you want to get and how much would they cost. List down the areas of your home that you want to re-model and have a rough sketch of how you want them to look like. If you are unsure, you can consult with your interior designer or contractor. They will then make suggestions to translate your idea on paper. Good designers or contractors will give you insight on the best brands or models to use. Some will even have discounts.(source: cityofwoodvillage)
2. Go natural
Instead of having framed windows in your home or recessed light fixtures that will cost more, consider going natural by installing solar tubes which slip through the roof and have direct sunshine down to your room. It is a great way for more light exposure and they are less expensive too! Another tip is to place mirrors opposite windows, to reflect natural light and make it seem like you have more windows in your home.(source: orionconstructioncorps)
3. Avoid moving a kitchen sink or bathroom
If possible, avoid moving gas, plumbing and drain lines as it is very costly. If you really need to move the kitchen sink or toilet area, use this opportunity to upgrade the pipes as well, saving you money in the long run.(source: captainec)
4. Get recycled items / ask for your contractor’s sources
Look for stores that carry discontinued or overstock items or closing stores to source for materials. These items usually go for cheaper. This means that you need to be flexible with your design, and it also challenges your creativity as to how you can re-model your house using the items you have found. For things like flooring, consider asking your contractors if they have stock left over from their previous jobs. You will be amazed at how much money you can save from using leftover items!(source: kingsburrypallets)
5. Don’t renovate during peak season
The timing of the renovation can also determine the total cost. If your renovation can wait, schedule your renovation during off-peak seasons, usually after the New Year or after festivities like Chinese New Year to avoid the extra cost. Talk to your contractor on when is the best timing to do the job. If you really want to save some money, it is advisable to avoid doing renovations during September or during holiday seasons.
6. DIY / Make your sweat count
If you don’t mind getting down and dirtying your hands, you can DIY things such as painting or cleaning up of the renovation mess. This will save you on labor costs and speed up the renovation project. Bear in mind, this depends on how handy you are and how much time you can put in. Also, some things are better done by experts. Tasks such as floorings and cabinets will be expensive to fix if it is not done properly the first time around.
Can you share some other tips for saving your money when re-modelling your house?
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