Renovations and decoration can be stressful and incredibly expensive. If you are planning to live on the property you want a good and clean home to move into. If you are planning on selling the property it must be up to an acceptable standard by which you can demand an appropriate price. You may want to save money while renovating, or you just want to put more of that money aside for more of the cosmetic aspect.
What can you actually do?
Not all projects have to be labor-intensive. Many can be simply updated. Luckily for the more adventurous and hands-on homeowner, there are a good few options that you can explore if you want to save money while renovating or redecorating your home, either to sell or just to update.
We have a built-in cabinet in our living room, that needs to come out. It's only partially used and honestly, needs to go so we have more room in our living room. My husband and I talked about it and this week we are actually ripping it out, purchasing the drywall to re-drywall and once our home is insulated, we are going to paint. It's a fairly simple project, though it will take some muscle, it is something that we will be able to do ourselves in order to save money while renovating our living room.
With some good planning and armed with the right knowledge, you are able to do great things to your property without breaking the bank. Let’s look at some of the things you can do to save money on your renovation or redecoration.
5 WAYS TO SAVE MONEY WHILE RENOVATING YOUR HOME
Create an illusion of size
Sometimes you want to make a room bigger but due to physical or financial limitations, you simply cannot even consider it. So what can you do if you want to make a bigger than it actually is? Well, you need to dig into a box of tricks and create the illusion of the room being bigger than it actually is. But how can you do this effectively? Well, there’s many a way you can make your rooms appear much larger while still saving money while renovating.
The first thing to do is to make the room brighter and more appealing to the eye. Brightening a room is a brilliant place to start as just this act alone creates a much more positive feeling without having to try too hard. Use brighter furniture and wallpaper or paint to brighten the room to start with, and follow it up with mirrors near light sources and well placed, smaller light sources such as small LED lights or strips. Just lightning the room will make a notable difference to the size before you even move onto the other steps, so start here first.
After making the room brighter you can move on to other acts such as hiding storage in clever areas. For example, hiding storage boxes under sofas or under the window ledges. By keeping as much floor space as you can free you are able to show how much space there actually is in the room. To also achieve this you can utilize furniture that has longer legs and a less blocky look. Again, the more floor space you show, the bigger the room can look.
Buy in sets, not individually
Buying in bulk has always been a tested method for helping to reduce your costs of buying almost anything. By buying in large quantities you can often reduce the cost of something. Think 3 for 2, or buy 1 get 1 free. Now, of course, you can’t buy beds in bulk so how does this apply here? Well what you need to look for instead of buying in bulk, is buying in sets. Buying a set usually means you can snag a small discount on the whole purchase, compared to individually buying each item.
For example, when revamping your bedroom with new furniture (or any room for that matter), consider buying your pieces in bulk or as part of a set. Often times if you wish to change something in a room then you often have to change the rest of the furniture to match. Buying in a set not only means you have all of the furniture changed in one fell swoop, but you often save money when compared to buying everything separately.
An example of what you can buy can be found here in these popular king bedroom sets. Notice not only the style options that you have but the amount of furniture that you get with each set. If you were to buy each one individually you would end up spending a great deal more. Furniture, while it can be costly, can also be the most simple and easy way to save money while renovating a room.
Do what you can yourself
Learning what manual skills you can to build what you can is a great way to cut costs, but at the sacrifice of time to learn how to do the job properly. By learning certain skills or leaning on the skills of family and friends you are able to utilize a great deal of talent at a much lower price than you would have if you brought in a professional.
Now, of course, these people are professionals for a reason. They can do things in a day that may take you 3 or even 4. But you are paying for those years of practice and skill and your bill will reflect that. Some jobs should only be tackled by professionals obviously. Jobs such as major brickwork, demolitions, and major structural renovation should be completed by those qualified to do so. This ensures that they are completed to s standard, and are completed within any local construction laws that your renovation may be subject to. Don’t skip out here just to cut corners.
Of course, simple jobs, such as painting, wall-papering, plastering, garden work, and maybe internal door installation can absolutely be done by someone such as yourself. Just be sure that you are going to be happy with the quality that you will produce, especially with something you have never done before. Try and speak to any family or friends who work with the skills you need to see what is possible for you to do on your own before you start. If you are not sure of how to do a project and still decide to tackle it, you will not save money while renovating, you may end up costing yourself more in the end.
Create and stick to your budget
Attempting to do things on a budget does not necessarily mean you are doing them cheaply. As they say, buy cheap, buy twice. You aren’t looking to pay bargain basement prices for anything that you will need to replace due to poor quality and longevity issues. Because of this, creating a realistic budget is the best way to make sure your work will not cost you an arm and a leg to carry out. Purchasing quality over the bargain prices, not only ends up helping you save money while renovating, it helps you down the road when and if you have to repair anything.
Sit down with your partner, family, or whoever you are planning on doing the renovation with to ensure that you lay out the amount of money you wish to be spending on this project. Then do everything in your power to stick to that budget. Of course, the budget cannot be set in stone exactly, as prices fluctuate and almost every budget has a habit of coming out at more than what you decided it would be. In this case, pick your budget total and add 15% extra to account for hidden and extra fees. Knowing what your spending limit is is the best way to know exactly where you may have to get creative with your work.
Re-use or sell
If you have furniture or other items you need to get rid of, then why not consider upcycling them or turning them into something you need or want, before you decide to throw them away. Upcycling means taking something old and turning it into something new; such as old jeans into new cushions. Your only limit is your imagination so get creative. Of course, not everything is going to be reusable or even remotely savable so don’t afraid to call it a day with an object and be prepared to simply let it go.
If you decide that you can’t turn something old into something new, or reuse it elsewhere at all, then don’t just throw it away without considering what you may be able to sell it for. Recouping any potential spending money will be paramount to ensuring that you stay within budget and save money while renovating.
Check online to see if there is a going rate for second-hand versions of whatever it is you are selling and try to get the market value for it. If you can’t find any kind of price for it, just try to et what you can, whilst being fair to yourself in the final price. Finally, if you simply cannot sell the item and still don’t want to keep it, please consider donating it to charity over binning it. It can still go on to have a life with someone else.
There may not be many things here for you to follow, but they are some of the most powerful and cost-saving ideas you can implement. Remember that when deciding to make major changes to a property you must be aware of any rules, regulations, and laws regarding what you can and can’t do without accreditation and certification. If you plan on doing anything yourself always check with a local government body to see what you can do yourself, especially when you plan on selling the house at a future date.
Inspections on properties are essential for the purchasing party and they will want to know everything. This big takeaway from this is to not be afraid of rolling up your sleeves and getting stuck into the work at hand. Doing as much yourself as possible is one of the best ways to save money while renovating but at the potential cost of time. Just be safe whilst doing anything.