5 Tips for Renovating Your Home on a Budget

|Posted by | Lifestyle, Money Matters

Renovate Your Home on a Budget

If you are thinking about renovating your home and your biggest concern is getting everything you want in a very tight budget, follow these simple tips and tricks to refurbish your old space without breaking the bank. Everyone deserves their dream home at a price they can afford.

All you have to do is think strategically about the material, design, and timing of your big renovation project. Do little tasks yourself, collaborate with a contractor and lookout for discounted deals on online marketplaces like Kaymu, Metrodeal, and many other websites to stick to a tight budget. Read on to get more ideas for renovating your home on a budget.

  1. Illuminate your home with natural light without adding costly windows.

If lighting is your biggest concern and you wish to brighten up a dull hallway, instead of splurging on installing a new window, simply add light pipes to the area. Adding a window requires you to create a hole in an existing wall and install the frames, which can be quite costly. Light pipes costs 3 times less than a window and distribute the natural light beautifully in the space.

  1. Let your contractor know your budget.

You can save money by simply communicating your budget restraints with your contractor. Open communication allows the contractor to collaborate with you on the house remodeling project and come up with cost saving ideas. For instance, flooring often costs a big chunk of money. Your contractor can make a few calls and see if there are any leftover tiles and flooring options available that you can buy at a cheaper price.

  1. Save money by doing little things yourself.

Renovating a home involves a range of tasks including demolishing, cleaning and adding the finishing touches. Although professional assistance is required for major tasks like demolishing or adding new fixtures, etc. you can save money by doing some simple tasks yourself. Instead of hiring a professional to cleanup you can simply clean the sawdust off the flooring or do the paint job yourself.

  1. No need to go for expensive furniture.

Expensive furniture will blast a hole right in your budget. These days, there are alternative materials that provide good, solid furniture at a fraction of the price. Instead of buying an expensive mahogany chest, a particle board drawer will serve the same purpose for much less money. But if you must have the designs, you can go to a local carpenter and have them make versions of the expensive furniture you want at a more affordable price point.

  1. Start the planning early on.

By leaving everything at the last minute, you risk overspending on mundane things. If you want to stick to your budget, then you should start lurking the aisles at various home centers and hardware stores, so you can compare prices of various appliances and fixtures.

For even more budget home renovation ideas, check out these 4 home makeovers for under Php 5,000.

By following these simple money saving techniques you can remodel and get your dream home by staying within your budget.