Five Tips to Decrease Renovation Costs
Last modified: 2017/03/23 | 2 mins
Are you one to always say that renovation projects are too expensive?
Here are five tips to help you decrease your renovation costs.
1. Plan properly
Sometimes, it can be hard to know what you want to achieve with renovations and how to manage the whole process. However, you should always try to have a clear idea of what will be done and how much time it will take; otherwise you may lose a lot of money from wasting time and changing ideas.
Therefore, take the time to think about all the details - materials, drawings, work schedule, rooms and items to renovate, dimensions, etc. -before you start renovating. The more organized you are, the more likely you are to be satisfied with the results and the total price.
2. Shop, shop, and shop some more!
Before you buy anything, take the time to shop wisely. Whether it is for materials, tools or even contractors, do an in-depth research and compare prices. This field is so competitive that if you take the time, you’ll find great value for your money.
Use recycled materials to save more money: they are often as good as the new ones in addition to being a lot cheaper. Just keep in mind that savings should never come before quality: bad quality materials will end up costing you more in the long term.
3. Decrease the work scale by prioritizing
If you want to save money, why don’t you decrease the amount of things to renovate by making a plan and doing things gradually? There must be some things that less important to work on, like installing a mosaic in the bathroom. If that’s the case, re-evaluate your goals depending on what really needs to be done and postpone the rest.
It’s a good compromise that will allow you to achieve the most important renovations and save money at the same time. When you have more savings, you‘ll do the rest without worrying about your finances.
4. DIY as much as possible
If you have free time, plenty of patience and a certain level of knowledge about renovation, why don’t you do a few things yourself? You could manage the work site, hire subcontractors, order the materials and even complete a few tasks yourself, like painting walls or installing ceramic tiles. That could help you save up to 20% of the renovation costs. Be careful though; don’t overestimate your abilities. Some tasks have to be done by professionals – electricity, plumbing, etc.
5. Call professionals
For those who doubt their ability to commit themselves to a complex renovation project, it's best to call a skilled contractor. They will find the workers and manage the whole project for you. However, don't skimp out and hire cheap labour, especially if that person doesn't have the proper licences. Contractors with licences must prove that they have the right skill set for the job and they are also more likely to have insurance.Therefore, chances are that the success rate of your project will be higher.
Even if it is a bit more expensive, a good contractor can really help you save money in the long run. Many owners are left disappointed after dealing with unqualified but inexpensive people. They end up losing more money on repairs and on legal proceedings. Don’t make the same mistake!
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