How to Save Money When Renovating your Home
Last modified: 2018/05/14 | 3 mins
Wondering how to renovate your house without spending a fortune? RenoQuotes.com has a few tips on how to renovate your house when you have limited budget.
Here are a few tips on how to renovate your house without spending a fortune
1) Keep and reuse certain construction materials
You don't need to be a renovation expert to create major changes in your home. One of the easiest ways to give your house a makeover without investing a lot of money is to work with what you've already got. A fresh coat of paint can give new life to a dull room. Stone counters and floors can look brand new after being treated with resin. Same goes with wooden floors which can be made beautiful again after a good polishing and a few coats of varnish. Look around your house.
You probably have a few spare cans of paint, floor tiles or curtains that can be transformed with a little bit of fabric dye. Those scraps of wood you've been keeping in your garage for years? Use them to build a new shelf for added storage. Those gorgeous pallets that you found on the side of the road?
Make yourself a new outdoor patio. If you're not planning on renovating right at this moment, whenever you're at a hardware store, check out items that are on sale and stock up when you see something worthwhile. You'll be glad to have these materials on hand when you decide to work on a home improvement project.
For more advice, check out the following article: How to save money on building materials without sacrificing quality
And here are some tips that could come in handy in the process: 5 useful renovation tips
2) Do it yourself or hire people for certain tasks
Unless you are very skilled at manual work, hiring professionals tends to be a better option for home renovations. Qualified contractors know what they are doing and can guarantee long lasting results. They are also able to work out the best solutions for your renovation project. However, if you feel that you simply can't afford the added costs related to hiring a workforce, there are many projects you can do yourself.
Check out our DIY articles to learn more about how to complete certain renovation projects yourself:
- How to paint a living room
- How to replace your front door
- How to clean your ventilation ducts
- How to paint a wooden deck
However, remember that some types of renovations are best completed by contractors. Here is our list of 7 home renovations that should be left to professionals.
3) Meet with several contractors to compare quotes
You've decided to work with experts? Unless you realize that you absolutely want to work with one specific person, do not sign a contract with the first contractor you meet! Get quotes from approximately 3 contractors to compare services and price differences. This does not mean, however, that you should always choose the one with the lowest price. In fact, in these cases, the quality of the service often mirrors the low price. On the other hand, by comparing 3 quotes, you will have a better idea of the price to pay, whereas if you see only one person, you will not be able to know if the amount is reasonable or not.
That's why RenoQuotes.com allows you to get in touch with 3 contractors (maximum 4) for your quoting process.
4) Taking advantage of tax credits and subsidies
Surprisingly, most people do not have the habit of checking whether they have access to tax credits or grants to help pay for their renovation project. Here are some examples of programs available for individuals:
- Subsidies and tax credits for renovations in Nova Scotia
- Subsidies and tax credits for renovations in Alberta
- Subsidies and tax credits for renovations in Ontario
- Toronto green renovation initiatives
Here are more articles with tips on how to save money during a home renovation project:
- 4 ways you can save money on flooring renovations
- 6 tips to save money when renovating
- Five tips to decrease renovation costs
- How to renovate your kitchen without spending a fortune
Get 3 renovation quotes for your home improvement projectRenoQuotes.com can help you get quotes for your home renovation project. If you submit your project to us, we’ll put you in contact with the most suitable contractors for you. Fill in the form on our homepage (only a few minutes), and you will receive quotes from trusted renovation companies.
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