8 Ways to Cut Costs on Your Home Remodel
Remodeling your home can be a good way to both increase its resale value and improve its curb appeal, but the downside is that the remodel can be quite pricey! You may end up spending thousands of dollars on your home remodel, and you may even go way over-budget.
But that doesn’t have to be the case! If you’re smart, you can cut costs and still give your home a total makeover:
- It’s all about improving efficiency, not size – When remodeling your kitchen cabinets, think about the reason why. You want to give the kitchen a facelift, but you should also be thinking of ways to increase the efficiency of your storage space. This doesn’t mean installing LARGER cabinets, simply ones that make better use of the space you have. You may not need to add extra space your kitchen at all!
- Consider DIYing it -- There are some projects that you can do yourself, and you’ll be able to save a lot of money on the improvements or installations if you have the skills. You want to be certain that you’re doing the job right, using the right materials of course! But if you’re confident that you can handle it, give it a try.
- DIY the demolition -- Unless you’re removing an important wall, you may be able to do your own demolition work. You can tear down a deck, break down old closets, and remove carpeting without the need for fancy tools, and it can save you a few hundred dollars on the remodel.
- Donate the trash -- Even if you no longer want the materials from your home, someone else may. Habitat for Humanity will often come to your home and remove the fixtures, furniture, and building materials you are going to get rid of, and you’ll save money on the demolition that way. You may even get a tax deduction thanks to the donations!
- Consider the long-term — When evaluating the cost of the remodel, don’t just think about how much it will cost you RIGHT NOW. Think of what you’ll need to spend to keep your home looking good in five or ten years. For example, if you’re installing siding, it’s smarter to invest in the pre-primed and pre-painted type. You’ll spend more on the siding itself, but you won’t have to paint the house for years. You’ll easily recoup your investment over the years.
- Ask your contractor -- The contractor may have materials left over from a previous job, or they’ll know someone who has materials they can use. It’s a great way to get cheaper materials, especially if you’re not too particular about the appearance. If you’re willing to be a bit flexible, you can save A LOT of money on a big remodel.
- Handle your own cleanup -- This may sound like a crappy way to save money, but it works! Your construction crew may charge you as much as $200 per day to handle the clean-up, which is up to 5% of the total cost of the job. Doing your own cleanup isn’t a whole lot of fun, but it will help you to save a pretty hefty chunk of change in the long run.
- Buy a trailer -- Instead of having your building materials delivered, buy a small utility trailer to attach to the back of your SUV or pickup truck. You’ll spend about $400 on a used trailer, but the investment will pay itself off quickly. After all, with delivery fees ranging from $50 to $100 (depending on the load), you’ll soon realize that doing your own pickups is the smart way to go.
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