Five Ways to Save Money When Remodeling Your Home

Frugalful | 12:36 PM |

Remodeling your home is a great way to update an older property while making more use of the space you have. In many cases, a remodel can save a lot of money compared to the cost of buying a new house. Nonetheless, it is important not to spend too much on a remodel. These are five ways to save money.

  • Use the space you have wisely
Knocking out walls and adding on foundations for additions is incredibly expensive. Instead, think about ways to increase the usability of space you already have. Converting a bonus room into an office or bedroom or rearranging a kitchen costs a lot less than putting on an addition or knocking down walls. Ask your contractor to help you with determining the best ways to use the space you have.

  • Do some things yourself
Small demolition jobs, painting, insulating, and cleaning up are things that practically anyone can do. Spend your money on hiring someone to do the hard stuff. On the other hand, don't attempt to do something you don't have a lot of familiarity with. If you have never installed drywall before or attempted to rewire a room, don't try it now.

  • Hire the right professionals
If you're planning on a massive remodel,spend the money on an architect. If you have to move plumbing fixtures, call a San Antonio plumbing professional. The same goes for an electrician or any other professional you might need. Why it might cost a little more upfront, you'll save thousands of dollars down the road. Professionals guarantee their work, and they follow the proper permitting procedures.

  • Look for some materials on your own
There are a number of second-hand shops, including those run by charities that offer everything from flooring to attic insulation. Most of these supplies are leftover from other projects, so they're never been used. If you can't fund what you want on your own, ask your contractor. Many of them keep leftover materials from other jobs, or at the very least have relationships with suppliers that can give them discounts.

  • Consider if the work is really worth it
If you're planning more renovation work than your house is worth, it might be a better idea to just demolish the old structure and start new construction. In other cases, it might make sense to just sell the house as is and buy a new piece of property. Get good estimates of the work before you start, and don't be afraid to walk away from a project that is too big.

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