Did you know that on average, people spend between $18,467-$75,372 remodeling their houses?
Clearly, remodeling your home is a big financial commitment.
But, what if you want to remodel your home but don't have a large budget? Then what are you supposed to do?
We've got good news for you: those who are on a tight budget can still remodel their homes, they just need to be extra savvy about how they do it.
Check out this guide to learn how to renovate a house on a budget.
In This Post:
1. Hit Up the Recycling Center
If you're a DIY remodeler, you'll be pleased to find out that you can save a fortune by using recycled materials through Habitat for Humanity.
This non-profit offers salvaged materials at half the price of home centers.
However, keep in mind that many home contractors won't work with salvaged materials, so this is only a good idea if you plan to do the work yourself.
Also, you can invite your local Habitat for Humanity chapter to remove fixtures and materials for you that they'll later use for resale. This can help you save a fortune on hiring a removal service. Plus, you can collect a charitable tax credit for your donation.
2. Do Your Own Demolition
If you'd like to do some of your home renovation projects yourself, but don't totally trust yourself with construction, then consider DIY demolition.
Unlike construction and remodeling, demolition is pretty easy to get the hang of. Of course, you shouldn't just go in there with a hammer and hope for the best.
Make sure you do your research on how to demolish certain areas of your home, otherwise you could end up causing more damage.
Learning to demolish is definitely a worthy investment, as it could save you thousands on the overall cost of your remodeling project.
3. Choose Projects With a High ROI
When renovating your home, you want to make sure to choose projects that offer long-term value. In other words, choose projects that will boost the resale value of your home.
In order to figure out which renovations have the best ROI, research the prices between houses in your area with and without different upgrades. Then, get quotes for making these types of repairs.
You'll soon find out that some renovations go a long way in terms of ROI, while others don't offer much at all.
4. Additional Tips
When renovating a home on a budget, make sure to keep these additional tips in mind:
- DIY as many projects as you can (but don't bite off more than you can chew)
- Get creative about making spaces more beautiful: For example, spray paint old door handles instead of buying new ones
- Search for recycled materials everywhere
Also, don't forget to plan for your home improvement expenses. Planning your budget ahead of time will prevent you from making impulse purchases and making unnecessary upgrades to your home. If you're going to be paying remodeling contractors, thepaystubs.com can help you.
How to Renovate a House on a Budget: Are You Ready to Renovate?
As you can see, there are a lot of things you can do to save money on your renovation projects.
And, now that you know how to renovate a house on a budget, it's time to get these projects underway!
Also, be sure to check out our blog for more budgeting tips and tricks.