Home renovations add value to your home, but they also require considerable financial investment. Sometimes, the upgrade doesn’t recoup what you spent; other times, you get 100 percent and more. If there isn’t an assurance that you’ll get a full return on investment, why renovate your house?
Everyone wants to live in a comfortable, well-maintained, and beautiful home. Your place was probably all those three when you first bought it, but over time, you’ve probably noticed the dull walls, loose tiles, leaky fixtures, rusty handles, and the overall aged appearance of your home. Home renovations are essential to keep your abode looking as good as it was before. A great option if you’re looking at upgrading your windows would be to see the offerings from Shuttercraft if you want premium shutters and blinds in your home.
Although home improvement projects can easily get out of hand in terms of expenses, there are ways you can stay on track of your budget and avoid an expensive home renovation. Just make sure that, if necessary, you have all the appropriate planning permission in place. The consequences for unauthorized renovations can be daunting, so you might want to head to yourathometeam.com and check everything is ok before going ahead!
Create a Checklist and Prioritize
Before you begin with your project, assess your home thoroughly, and determine what needs to stay and what needs to be changed or upgraded. You create a list of those things then arrange the items according to priority. This way, you won’t have too many things on your plate all at once.
When setting priorities, start with items that affect the safety and security of your home—like a damaged roof. The lack of a working roof can be disastrous; it can cause leaking, ruin your home’s insulation, and give pests room to sneak in.
Next on your priority should be your electrical and HVAC systems. A faulty electrical system can cause a fire and other safety issues. If you’re using a gas-type heater, you must make sure that it’s working well and, most importantly, not leaking any carbon monoxide (CO). Even a trace of the colorless, odorless, and tasteless gas can be fatal to living beings.
Cosmetic upgrades should be the last item on your priority list since they’re less urgent and you can do them anytime.
Set a Budget, and Track Your Expenses
Once you know what you need to do, you should have a budget for your project so you can add a measure of control over your expenses. You can come up with a realistic budget by doing research, talking with contractors to determine the scale of the work needed, and going window-shopping for materials.
You can also ask others who have recently done a home renovation to get an idea of how much they spent for their project. When you have the information you need, you’ll be able to list an amount for your renovation.
During the project, monitor all your expenses by creating a budget spreadsheet. Keep the receipts for the materials you bought, and record them on the spreadsheet. Update the record every time a cost is added. This way, you can keep track of how much funds you have left.
Use Both High- and Low-End Materials
You don’t always have to buy the best materials for a successful home renovation, especially if you want to save money. The key to that is to balance high- and low-end materials. To do this effectively, you must determine the items whose quality you can compromise.
You can’t compromise on materials that can impact the integrity of your home (such as your roof, HVAC, and electrical system), but you can work with affordable, ready-made cabinets, shelves, and furniture. Ready-made pieces can be modified if you want something unique or specific for your home.
Semipermanent fixtures also shouldn’t be compromised. It’s very likely that you will be using the same toilet for years, so you may as well get a water-efficient model like the Saniflo macerating toilets to save on your water bills. Macerating toilets have powerful motor grinders that break down wastewater in order to facilitate smoother flushing and drainage.
You should also make sure to use water-saving faucets and showerheads, which are more efficient and cost-effective and provide better and longer performance.
Do It Yourself
Home renovations are labor-extensive. Hiring a contractor, along with their laborers, will take a lot of funds. That’s why you shouldn’t leave everything to the professionals, especially if you can effectively do the job yourself.
Painting walls, restoring furniture, and installing faucets—these are all jobs that you can handle yourself. By doing some of the minor work, you can lessen the need of contractors and save money on your renovation. Plus, you get great practice for honing your DIY skills, so the next time you want something done, you won’t have to rely on professionals so much.
If you’re uncertain about what you can and can’t DIY, here’s a thorough guide that can help you determine which tasks you have to leave for the pros.
Home renovations are essential to extend the life of your property and add value to your home. But even a basic home-improvement project can cost thousands of bucks, which you may never get fully recoup when you sell your home.
Fortunately, there are ways that you can control how much you spend on your renovation. From making priorities to DIY, use the tips above for a relatively inexpensive home renovation.