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6 Tips for an Economical Renovation of Your House

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Renovating a house is one of the most effective ways to increase value, improve functionality, and breathe new life into it. This investment can be more cost-effective for an old house than building a new one! But completing a renovation project on budget requires meticulous planning and careful consideration of all expenses. Here are six tips to save money during your next home remodeling adventure.

1. Take Advantage of Free Labor

When renovating your home, no rule says you have to do all the work yourself. Taking advantage of free labor can be one of the most economical ways to get your project done quickly and efficiently.

Consider offering your labor to community college programs that teach trades like construction and carpentry. They may be able to provide students who will do the work for less than an experienced contractor would charge.

Give your project a boost by calling on friends and family members whenever possible. They can paint a wall or advise about a more extensive job like electrical work or plumbing repairs. Even if they’re not professionals, their enthusiasm and willingness to help keep things moving along smoothly.

2. Look for Preloved Items

If you’re looking to economize on your home’s renovation, one place to start is searching for preloved items. Many people don’t realize how much they can save by looking at Craigslist, eBay, and thrift stores.

If you are looking for something specific, try searching online for antique shops in your area. You could even find some furniture that is still functional but is not being used anymore by another person or family member.

When shopping around for these items, choose pieces in good condition. You don’t want to buy something only to find out later that it needs extensive repairs or replacement. Also, try to find unique pieces and add character to your home.

You can save money by buying these items from someone else instead of buying brand new ones from a store or online vendor.

3. Use Durable Materials

Source: istock

It is essential to use durable materials in your renovation project. You will save money in the long run by spending more on a high-quality product.

When it comes to your kitchen, choose materials that will last for a long time. Stainless steel is one of the most durable materials today, and it is also easy to clean.

For your bathroom renovation, consider having a clawfoot tub. A vintage clawfoot tub, for example, will give your bathroom a makeover without spending much money. These tubs are more durable than modern ones because they are cast iron. 

Another advantage of Clawfoot tubs is that they are generally difficult to break or crack. Fiberglass and acrylic clawfoot tubs also give a modern feel and add value to your house’s worth during sales.

4. Find a New Purpose For Materials

It’s time to get creative with your renovation. There are many ways you can put your old materials to good use. For instance, you can repurpose your old kitchen cabinets into bookshelves or entertainment centers for the living room.

Here are some other house renovation repurposing ideas:

  • Use old tiles as a backsplash in your kitchen.
  • Create a new piece of furniture from an old door or window frame.
  • Reuse old bricks as paving stones around your garden.
  • Create an herb garden out of old jars.
  • Use an old dresser to store supplies in the garage or basement.
  • Old vanity or dresser could become a plant stand or table. 
  • You can repurpose old doors and windows as wall hangings or patio decorations.
  • Door hinges can make great hooks for hanging coats and hats.

However, not all materials will be fit for a repurpose. You can sell the other materials at a local flea market or yard sale to recoup more money.

5. Use Energy-Efficient Materials

Source: istock

The more energy-efficient your house is, the less money you will spend on heating and cooling it. Use energy-efficient materials like triple glazed windows and doors, insulation, and draught-proofing.

Insulation is one of the easiest ways to ensure your home is energy-efficient. Insulating the loft can reduce your heating bills by up to 15%. Insulation keeps the temperature constant during winter or summer. You save energy since you won’t turn on heaters or air conditioners.

Draught-proofing stops warm air from escaping from around windows and doors. It reduces heat loss significantly compared with houses without draught-proofing measures in place.

6. Stick with Simple Projects

Start with a small project. You might want to do a whole-house renovation, but that may be an overwhelming task to take on at first. Some people prefer starting with one or two rooms or just one wall. 

Choose something you can finish quickly, like painting a room or repairing drywall cracks. If your budget is tight and you can only afford one paint color, try it out in the room that gets the most natural light.

If you’re unsure where to start, think about what your home needs most. For example, if your kitchen is a disaster, start there and make it functional before moving on to the next room. Try replacing the cabinet hardware or adding a new tile backsplash. 

Here’s a list of simple projects that you can do yourself.

  • Paint the ceiling.
  • Replace light fixtures.
  • Install new door hardware, including doorknobs and deadbolts.
  • Hang a picture frame or mirror on the wall.
  • Install towel racks in the bathroom and kitchen.
  • Put up crown molding or baseboard trim where needed in your home’s rooms.

Finally, don’t get too fancy with this early step! Remember, your goal here is not necessarily perfection. Once you get the hang of it, you will feel more confident about tackling more extensive projects.

Final thought

We hope that by breaking down the process of renovating your home, we’ve given you some great ideas. Set realistic expectations about your renovation budget with resale in mind.

Remember to approach renovation with a long-term perspective.

Consider the tastes of potential buyers when choosing finishes for your renovation. Don’t fall in love with your own decor choices! Go with more general styles that will increase the value of your home. It may save you thousands of dollars on unnecessary upgrades!

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