When it comes to remodeling your home, you need to make sure that the results are not only impressive, but will not break the bank entirely either. In this day and age when the economy is tough, saving money on your home remodeling makes a lot of sense. But sometimes, in our effort to skimp on our budget, we often end up with poor results. To avoid this, here are some tips on how to stretch your dollar, while still getting the home of your dreams.
In This Post:
- Avoid Spending Too Much on Wall Prep
- Keep Any Existing Fixtures If Possible
- Consider Using Lookalikes
- Keep the Appliances Where They Originally Are
- Purchase Building Supplies Through Auctions
- Opt for a Cutout Instead of Totally Removing Walls
- Consider Doing the Remodel In Stages
- Make Decisions As Early As Possible
Avoid Spending Too Much on Wall Prep
If the walls in your house are in such a bad shape that it will require a professional painter several days of filing and sanding just to make the wall look new again, you may want to consider other alternatives. One of these is the use of Texturglas, which is a breathable and nontoxic wall covering that's made of glass filaments. This material has the same look and feel as that of the fiberglass matting used for auto bodywork. It's available in varying textures and patterns and could readily take in paint. It can be installed on top of an existing surface, which adds more strength to the wall while also covering up dings.
This could save you several hundreds of dollars because the cost to install a Texturglas for a 15 x 20 foot area is approximately $1,000, while the cost of patching and painting the same area is about $1,600 and even more, including professional fees.
Keep Any Existing Fixtures If Possible
There may be certain fixtures in your home that you can still salvage. Thus, before remodeling, you may need to check and evaluate some of the furniture and fixtures. For instance, if you are remodeling your kitchen, take the time to check the cabinets and see if they are still in good condition. Instead of spending hundreds and even thousands to replace them, you may want to consider repainting or resurfacing them. When done right, these can surely give your cabinets a beautiful finish, making them to look new again.
A paint job should cost you a couple hundred dollars only, which is nothing compared to what you would have spent if you had outfitted your kitchen with an entirely new set of cabinets.
Consider Using Lookalikes
If you are trying to save money on remodeling, using some imitations might just make a lot of sense. But of course, you should choose the product well and go for brands that can be trusted. For instance, instead of going for the more expensive authentic lumber material, you can perhaps go for a cheaper alternative. Clear-grained wooden material that looks exactly like mahogany is a good option. You will find these materials being sold in planks and in a tongue and groove design, which you can use for flooring, walls, cabinetry and millwork.
Authentic hardwood costs almost $1,000 these days for a hundred board feet, especially if you will go for the more expensive wood, such as mahogany. But a lookalike lumber should cost about $400 for the same size.
Keep the Appliances Where They Originally Are
If your plan is to install new fixtures, consider keeping the appliances where they originally are. Moving these could make you to spend more on the electrical wiring and other mechanical aspects, not to mention the ceiling work and the flooring aspects. Unfortunately, these are often the costs that a lot of homeowners would often not think about when preparing their remodeling plan.
Keeping the appliances on where they originally are could save you hundreds and even thousands of dollars. Remember that moving even one appliance a foot could cost hundreds on the electrical and mechanical aspects.
Purchase Building Supplies Through Auctions
If you are doing the project yourself, you can save money by buying your building supplies and other construction materials at an auction. In fact, this is what most contractors do. You will be surprised at how much money you can save by attending these events. For instance, two pallets of concrete blocks cost almost $100 in the market, while you could possibly get it at $10 through an auction. You can ask the help of professional builders and contractors when it comes to attending building supply auction events.
Opt for a Cutout Instead of Totally Removing Walls
A lot of homeowners would prefer to have an open space in between the living room and the kitchen area and will therefore opt for an open floor plan by removing walls. Before you do so, there are so many things that you must first take into consideration. Does the wall come with water pipes, venting or electrical wires hidden through it that will need to be rerouted? If so, then you can expect to spend some serious money for this project.
A less expensive option would be a cutout. This will not only open a room, but will also provide for an extra countertop and additional seating for your living room space. You also need to be mindful of the plumbing, mechanics and electrical work if you will go for this route. So weigh your options well and decide what works best for you in terms of saving money.
Consider Doing the Remodel In Stages
One way to save money is to do your remodeling projects in stages. You may want to wait a bit to work on some projects at a later date in order to spread out the cost. This will also give you ample time to save up for your future projects.
Make Decisions As Early As Possible
There are ways to transform your home within budget with savvy home decorating ideas. Check out frugaltrendsetter for affordable tips and frugal hacks for your home. Begin checking out aisles at home improvement stores several months before the date you intend to start working on a project. Decide early on about how you want the fixtures and appliances to be installed and how much you will be willing to spend for these. If you are not absolutely sure on how much you can expect to spend for your project, you can tap in the help of contractors and professional builders.
As you can see, saving money on remodeling simply requires proper planning and a bit of research, and be sure to check out this post on how we remodeled our bathroom too.