Need More Space? Tips for Making Major Home Remodel Fit Your Budget
Tuesday, January 19, 2021, 6:00 PM | Leave Comment
Deciding to remodel your current home can be cheaper than buying a bigger one.
However, it will still cost money to buy materials. You will also have to pay for labor unless you plan to do the work yourself.
However, there are several ways to reduce renovation expenses if you follow a budget and plan carefully.
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Avoid Frills
You don’t have to buy the highest quality products for good results. Look for mid-level materials that look great and perform well to get the same effect as more expensive items. Don’t worry about adding minor improvements or flashy accents that won’t add value to your home. Stick with enhancements that are worth what you pay to make your home more functional and enjoyable, like a walk-in shower or refaced kitchen cabinets.
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Check for Discounts
If you don’t have a dealer’s account at local home supply stores, ask about special rates or discounts that may be available to homeowners who are improving their own properties. Weekly sales often feature products you may want to buy, like paint, countertops, or flooring. Compare pricing online before going to check out the materials you want to buy. If you can take the products with you, you can skip the delivery charge.
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Organize Your Funding
Unless you have a savings account or city home improvement grant, check out rates on home improvement loans. Shop for low interest rates and affordable payments. Ask about application costs or maintenance fees. Getting a home improvement loan can take the worry out of finding money for the materials, equipment, tools, and supplies you need along with labor costs if you have to pay professionals to do the work for you. Contact local lenders for information about the application procedure for this type of loan.
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Do Some Work Yourself
With previous experience and the right tools, you may be able to do some of the remodeling work instead of hiring a construction crew to do everything. Remember that time is money in the business world. Even if you can just help with preparation, like removing old cupboards or sweeping up sawdust, that could reduce the crew’s time on the job. Work with the contractors so you can avoid getting in their way while also helping in any areas that you and they feel you are qualified to assist with.
Remodeling your home is an exciting way to add more living space and enhance the overall style of the house. Take time first to plan the project and organize a budget along with funding so that everything is ready to go when you start.
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