Budget Friendly Home Renovating Tips
Renovating your home can add value to your property making it a great investment. But remodeling isn’t cheap. Here are some ways to make your renovation more affordable.Check out our disclaimer policy
The dangers of DIY
Opting to go DIY is an obvious way to save money and if you’ve got handyman experience you may already know ways of cutting costs on materials and processes. However, if you’re inexperienced, you should be wary of biting off more than you can chew. Make any mistakes and you could then have to compensate to get these repaired.
Building regulations are stricter than ever and it’s all too easy to be budget friendly and unknowingly do something wrong. Electrics and plumbing involving gas are two jobs that are best left in the hands of a professional for safety’s sake and as a matter of insurance. There are however some money-saving jobs that are ideal even for the most amateur DIYer and these include painting, plastering and installing click-drop flooring.
Timing is everything
If you’re hiring a handyman, you may find certain times of the year are more budget friendly for certain jobs. January is generally a good time – work dries up after Christmas when few people can afford renovations and therefore handymen may charge discount prices to lure people in. This is also a good time to source materials.
When it comes to buying tools, there are various sales throughout the year where you can score a bargain. Black Friday and the January sales are great times to find power tools. The lead up to Father’s Day can also result in some deals, although be wary as other places may jack up their prices during this period.
Consider a personal loan
Saving up for a renovation can be hard, especially when you don’t know what’s round the corner. Many people will take out a loan to cover costs – your mortgage company may even lend some money to help. Occasionally, new costs can arise when undertaking a renovation project. Short term loans could be a solution to pay off those small extras that may have been overlooked such as cleaning and rental of equipment. Consider a loan broker if your credit rating is low.
Are you eligible for a government grant?
These exist only for very specific circumstances but could be worth looking into. Generally, they only cover repairs to serious damaged (e.g. severe storm damage to a roof) or the removal of hazardous materials (e.g. asbestos), and you have to have lived at the residence or been a landlord for five years or more. However, there are also some grants out there for helping to fund eco-friendly renovations. For example, loft insulations can often be funded this way.
Convert, don’t extend
You should always work with what you’ve got first before extending. If you simply want to add value to your property and increase space, converting a loft or a garage may be an option. With the masonry already in place, you won’t have to pay the extra costs for foundations and brickwork.
In fact, you may only need electrics, insulation, carpeting, and plastering. A loft conversion may need to have a staircase fitted to be classed as a liveable space – important to consider if you’re trying to add value to your home. In some cases, the roof may also need to be raised. However, this will still cost less overall than building a new conservatory or annex.
Be crafty when choosing materials
If you’re taking on a handyman service, opt to source materials yourself – you could save a lot of money. There are many places online where you can buy timber in bulk for cheap. Some of it is may be recycled or from a second-hand source. Make sure that you have a clear idea of the condition before buying.
Don’t always be tempted into buying luxury materials if your main focus is aesthetics. You may crave the dark reddy brown of a mahogany floor, but woods such as Ipe and Sapele may look just as good and be much cheaper. Similarly, there are synthetic stone materials that can imitate the likes of marble and granite, perfect for a kitchen countertop and likely to be just as robust.
Be wary of knocking down walls
Knocking down walls is another job best placed in the hands of a professional. No matter how fun using a sledgehammer may look, knocking down walls – particularly lower floor interior walls – is risky business. Handymen may charge a lot for it and in some cases may tell you that it isn’t feasible if the wall is weight-bearing and precariously positioned. Cut-outs are generally a cheaper option than full wall removals. If you’re trying to open up a lounge into a kitchen, consider a cut-out instead. The archway effect can often be more aesthetically pleasing anyhow.
Track your lighting costs
Installing new lighting can also come with its added costs. Spot lighting can often look prettier, but it is also pricey. Opting for track lighting may be a better option. Such track lighting can be creatively designed to give you the most light whilst looking stylish.
Keep big kitchen appliances where they are
If you’re doing work to the kitchen, you may want to save costs by leaving certain appliances where they are. Having to move an oven and get rewired and reconnected to gas is an expensive job. Similarly, you may want to keep you sink in the same place to avoid having to pay for extra plumbing.
There are other appliances around the house that you ideally don’t want to have to touch such as boilers, toilets and showers/baths. Having to move all the piping isn’t worth the cost, so try and work around these obstacles. So you see home renovation can be budget friendly.