The credit crunch and economic downturn we’ve experienced has left many people with a lot less money and flexibility to improve and renovate their homes. If you’ve been looking into home remodeling but aren’t sure exactly how to get the house of your dreams without spending a fortune, these simple money saving tips might help you.
Tips for affordable home remodeling
- Set a budget and stick to it! One of the most common reasons people run out of money is that they don’t effectively plan for their remodel. You need to know exactly what construction work you want to undertake, the materials you’ll use for the work, and how much it is going to cost. Try to track all of this in either a notebook or, even better, a spreadsheet on your computer so that you can keep a running total of costs.
- Map out your construction work with a 3D design. Before you pull the trigger on your home remodeling ideas, it can save you a lot of time, effort and money by using affordable 3D design to visualize exactly how your plans will look in your home. This lets you get really specific on color, size, placement of furniture etc and will help you to set a more accurate and comprehensive budget as well.
- Hire professional home improvement contractors. This might sound counter-intuitive if you’re trying to save money, but a great contractor can actually save you some serious cash. They will have a proven track record for building within budget, won’t make the mistakes you’d made if you did it yourself, can get resources and raw materials at cheaper rates and any decent contractor will offer a 2-3 year warranty on the work they do for you. This streamlined process means you save money and have peace of mind that the work was excellent quality.
- Explore home improvement grants as an option. There are hundreds of home and energy grants available to help you improve your home’s energy efficiency or remodel it. Many are for the elderly, disabled, or those on lower incomes but some are available to normal folks too. This guide to home improvement grants can help you find out whether you’re eligible. Aanother option would be to take out a home improvement loan and pay back the money monthly. Only take out a loan if you know you can make the repayments comfortably and you have a solid budget and plan in place to remodel your home.
- Check out home design magazines. Many of the more popular home design magazines have excellent articles on coming in under budget, new and unique materials to save money and guides for doing any number of different home improvement ideas you might have. During your planning phases, these magazines can be very helpful in figuring out the economical options and will often explore less conventional methods for saving money on home remodeling.
Using these ideas and suggestions it is possible to afford home remodeling on a budget, despite the credit crunch and if you do it correctly you’ll get high quality, guaranteed work at a significant saving. The key to this all is remaining focused on your budget and the plan. If you can do that, you’ll save money. If you have any other money saving tips for home, kitchen or bathroom remodeling, we’d love to hear them in the comments below.
About the author
Ian Nuttall is the online editor of Debt Help Scotland, a leading provider of Scottish Trust Deeds. He enjoys helping others, investing in new business ideas and affordable home improvements. He’s also terrible at DIY!