Budgeting for a Home
How do you get the most bang for your buck without
compromising quality? Here are some ways to budget for a
home improvement project that won't break the bank.
Tips for wallet-conscious remodeling
Get work done when it won't cost you an arm and a leg.
What does this mean? Simply put, think ahead. If you've
already hired someone to remodel one of your bathrooms,
and know that in a few years' time you want to put a
bathroom in the basement, take advantage of the
opportunity and have the contractor rough-in new wiring
and plumbing lines now. This tends to be very
cost-effective and reduces disruptions when you do go
ahead with future plans.
In the same vein, if you've hired a specialty trade
professional to carry out a specific project, ask them to
repair other problems when on site. While they are in your
service, you might as well get as much done as possible.
It will cost less in the long run.
Like with any major purchase, shopping around is the best
way to find the good deals. For people with an older home,
salvage yards provide excellent opportunities for rare
finds at low prices. Purchasing appliances from factory
outlets can also save you money.
Another way to save money is to finish house projects in
stages. If you can't afford everything at once, especially
for a higher quality job, renovate over time. There's no
hard and fast rule that says you must remodel your entire
house all at once.
Factor in other costs associated with home renovations as
well. People often forget that the disruption caused by
major overhauls means more take-out meals and perhaps even
a visit to a hotel for several days at a time. To avoid
too much costly disruption, try to isolate construction
areas if you can. For instance, no one can live in a house
without a working bathroom, so make sure bathroom
improvements happen one at a time. Work on the first room
before starting the second. When remodeling a kitchen
space, set up some kind of snack bar in your basement or
other area where you can fix simple meals.