One of the most difficult aspects of renovating your home is managing money. Naturally, the amount of money you will need to complete the renovation will depend on how substantial the changes are, but keeping costs as low as possible is essential regardless of project size.
Saving money doesn’t just mean you have more funds left over for other purposes, but it helps you to work out the most efficient and creative ways of completing the renovation.
The good news is that it has never been easier to complete a home renovation on a budget.
Thanks to competitive wholesale tool prices and endless ‘how-to’ home renovation content online, there are many resources you can draw upon to complete a renovation project on a low budget. Here’s how to easily save money when renovating your home:
Buy the toolkit and supplies from a wholesaler
One of the most significant project costs will be the process of tooling up before you start work. Unless you already own a significant number of tools and DIY supplies, you will have to buy a number of expensive items in order to complete the renovation.
The cost of buying these tools can quickly rack up, leaving you vulnerable to eating into your overall project budget best spent on buying other items like furniture and home accessories.
For example, if you want to incorporate wood into your renovation (perhaps for a decking area or garden room), you will likely need to buy coach bolts. One of the best places to find items like this is to buy them from a wholesaler in bulk, in case you need more supplies than you were anticipating.
By buying supplies in bulk, you also safeguard yourself against future repairs or issues with the renovation. Keeping spare tools and supplies at your disposal will prevent you from having to either hire professional help or keep buying tools in the future, further saving money.
Stick to the low-hanging fruit by focusing on simple repairs
If you’re looking to save money on your home renovation, focus on easy fixes. It could be that the kitchen looks dated, and you want to freshen it up. Perhaps the garden is in desperate need of landscaping, or the upstairs office needs turning into a bedroom.
Whatever the task, start by doing the cheapest amount of work possible. Paint the kitchen walls a different color, or sand down the cupboards and paint them a different color too.
If the space still looks wrong, you can then decide whether you want to spend more money restructuring it. However, often it only takes a cheap and easy refresh to transform the room.
New furniture can go a long way to changing your home’s appearance
Another approach you can use to save money on your home renovations is to throw out all your old furniture and replace it with new items that complement the house better.
Often, rooms can appear cramped, dated, and dull simply because of tired or ill-fitting furniture. The room itself may not need expensive work done to it – only a lick of paint and a set of new furniture. If in doubt, creating more space by throwing out furniture is a great way to lift the aesthetic of a home. Alternatively, you could also upcycle your furniture.
To read more on topics like this, check out the Money category