It’s fun to renovate your home, but if you’ve just paid a big down payment and are getting used to paying a mortgage, you’ll no doubt need to do things on a budget. While you may not have a lot of cash, you can still successfully renovate your home on a budget, so here are some tips.
- Prioritize the Work
If the whole house could do with an overhaul, then you’re going to have to make some tough decisions about where to spend money first. You’ll either have to do certain rooms first and put up with the rest of the house looking dated, or spread the budget thinly, perhaps not getting the finished result you wanted. For most people, the kitchen is the first room that needs work, so you may want to look for ways to renovate a kitchen on a budget. Then rooms like bathrooms often take priority, as they can be unpleasant as they get older.
- Plan Your Budget
Rather than throwing money at your home, you need to carefully plan how much everything is going to cost, leaving room for any unexpected expenses. From electrician rates to materials, you should research where to get the best prices, so you know what you’re going to spend. An advantage of this is that you’ll know how long it’ll be before you can afford to do certain rooms, so even if you can’t renovate them right away, you’ll have a rough idea of when the work can be done.
- Think About What You Can Do Yourself
Even if you don’t have any experience doing certain jobs, there are usually a few tasks you can do yourself to save a few bucks. If you’re on a tight budget, it only makes sense to buy some materials from Tradefix Direct and learn some new skills. There are lots of tutorials on YouTube, and some of the things you may be able to do yourself include:
- Technical drawings – as long as they meet the requirements for local building codes, you can save money on architect’s fees
- Painting – it’s a tedious job to get the perfect finish, but with the right materials you can cut down on professional decorators
- Tiling – this is also fairly easy once you’ve got some practice
- Putting up drywall – this is a good temporary fix for walls that are structurally sound, but ugly
There are some tasks you may not legally be able to do yourself in your state, as they’ll need to be checked and up to code. However, most simple, cosmetic tasks can be done by yourself.
- Get Multiple Quotes
It’s important not to take the first price for a job, or use a contractor because they’re a friend or family member. Get multiple quotes for contractors and other services, and don’t just go with the cheapest. Read reviews, compare what’s on offer, and settle with one whose price falls somewhere in the middle.
Renovating a home can be a great adventure, although it’s stressful, and even if you don’t have much money, you can eventually get the property you want.