How To Save Money With Renovations

Renovations tend to be associated with massive budgets and untimely delays, and it is understandable if you are a bit hesitant in taking the renovation plunge. But from our experience, it doesn’t necessarily have to be this way if you follow some of these simple rules. A quality renovation can add thousands of dollars to the value of your property and liven up a dull and tired home.

Select quality contractors

You may think you want to skimp in this area, but if you intend to hire quality workers, then you will have to pay for it. Shopping around for quotes is recommended, and don’t hire your uncle’s fifth cousin’s nephew to do the work just because he can save you a buck or two. Shoddy workmanship and improper DIY renovations can cost you more in the long run than a quality tradie ever would.

Prioritise the renovations

We understand that your renovation list may be huge, but sometimes reality gets in the way, and you cannot afford to do it all at once. If that is the case, then consider some smaller upgrades that can be done in the home to make the most impact. Repaint a wall, purchase new cushions, upgrade the light fittings – these are all changes that will be immediately noticeable yet don’t come with a huge price tag.

Choose a neutral colour

Consider your colour choices carefully. You may have your eye on a trendy new paint colour, but think about how quickly it will date. A neutral colour scheme will stand the test of time and mean that you won’t have to repaint a few years down the track. Neutrals are always best, particularly if you are looking to sell sometime in the future.

Avoid re-plumbing

When you are doing kitchen, laundry or bathroom renovations, one of the most significant costs can be plumbing. Where possible, stick to the current plumbing points to keep the costs down. Even if you plan to upgrade benches, cupboards and refrigerators, you can still manage to save a lot of money in the process by making the most of the existing plumbing.

Recycle and reuse

Is there anything you have in your home that you can reuse or recycle? Refurbishing what you have in the house is a fantastic way to avoid spending money on new items, particularly if you are attached to some of the pieces, or they are heirlooms of some kind. Consider reupholstering and repainting furniture so that your old items are as good as new and will be more suited to the upgraded look of your home.

Weigh up the need for demolition

Demolition can be a costly exercise so try to minimise the amount required. Not only is it expensive, but you also have to take into account the extra costs of repairing and rebuilding the portions which were knocked down. Of course, depending on the renovation plans, it may be hard to avoid altogether. Weigh up the pros and cons before you consider demolishing areas of your home and consider whether you can still live there while it is being worked on.

Opt for affordable materials

You may want new kitchen benches and flooring, but that doesn’t mean that you have to go the most expensive route. Select a product that is slightly more affordable, yet at the same time provides you with the aesthetic you require. A lower value material such as laminate can save hundreds of dollars and give you money for those areas where you can really make a statement.

Focus on energy efficiency

While energy efficiency renovations may not help you today or tomorrow, it definitely will in the long-term. Focus on natural light, placement of windows, insulation and solar access as well as overall heating and cooling. Ideally, you want a house to be as warm as possible in winter and as cool as possible in summer without resorting to air conditioning or heating.