Budgeting For Renovations: 4 Money Saving Tips


It’s easy to unnecessarily sink a lot of money into home improvement projects – maybe you’ve chosen the more expensive paint or a fancier appliance. But do you really need to spend all that money to get the results you want? You may be surprised just how much you can accomplish on a budget.

Here are 4 simple ways to save money on your next home improvement project without compromising quality. You really can have a beautiful home for less.

Narrow Your Target Areas

Rather than approach your next home improvement project as a full home renovation, focus on improving targeted areas. For example, if you’re looking to increase the market price of your home, you might consider renovating your kitchen to keep up with modern trends. With the rise of foodie culture, people are more interested in having the most up to date appliances than ever before. Installing nicer appliances and increasing available counter space should be top priorities.

Amplify Storage Capacity

Storage is often at a premium in the modern home. Maybe your home has limited closet space or the last owner knocked out a closet to make a home office instead. If you’re concerned your home is short on storage, take a look at your attic or garage. These spaces are perfect for building in additional storage. By installing shelving units or closet organizers in these areas, you can create a real selling point for your home.

Make It Brighter

Does your home get enough natural light? Depending on how many windows you have and what direction they face, your home may seem pretty dim. But in many homes, the amount of work needed to install new windows is onerous. That’s why it’s worth considering a trendy alternative: light tubes.

Light tubes are a less expensive way to bring light in without having to totally rearrange your home’s framing. Though a light tube may not be sufficient for a living room or kitchen, they’re a great way to bring more light to a hallway or bathroom.

Sweat The Small Stuff

In most areas of life, it’s not worth it to sweat the small stuff. If your kids’ socks don’t match or they eat chicken nuggets for breakfast sometimes, it’s not a big deal as long as they’re healthy and happy. But when it comes to home improvement projects, it’s the small stuff that can really make a difference.

Instead of residing your home, see how much of an improvement you can attain with a pressure washer. If your living room is looking shabby, give it a new coat of paint rather than gutting the whole room. These little things can make a room look new without a big investment.

By setting a budget and taking your home improvement project one step at a time, you’ll find that you can accomplish more through limited and targeted interventions than by totally tearing things down and replacing them. Too often big problems fix what isn’t broken. A more cautious approach can help keep the impulse towards excessive spending under control.

Posted in: Finance, Money Saving Tips