Dreaming about transforming your home? From adding value to simply switching things up, there are so many reasons to give your home a new lease of life. But renovating can be financially draining, especially with a potential recession looming on the horizon.
So, how can you go about it without breaking the bank?
In this article, we’ll share four tips for renovating your home on a budget.
- Set a budget
It’s easy to get carried away when renovating your home, so it’s a smart to have a realistic idea of what you can afford. You need to set yourself a budget you can stick to over the course of the project.
Consider how much money you have to invest into your renovation, as well as how much the changes you have in mind could cost. You should leave some of your funds in reserve, just in case any extra costs crop up along the way.
- Make a plan
For any big renovations, the first thing you should do is hire an architect or designer. They’ll create the plans for the changes you want to see, helping to turn your vision into a reality.
It’s vital you get all the details set before any building starts, especially when it comes to making sure the project won’t cause any costly future issues with your house. You should also plan out a plan of works to help guide you and any contractors you hire as the project goes on and prevent unnecessary delays and spending.
- Shop around
When it comes to hiring tradespeople, it’s good practice to use word-of-mouth recommendations rather than review-shopping on the internet. Try to get at least three different quotes for each job so that you can better work out a fair price. But bear in mind that where home renovations are concerned, the cheapest price often doesn’t represent the best value for money.
- Do it yourself
Finding opportunities to do it yourself is one of the best ways to save money while renovating. Of course, how far you go by yourself depends on your skillset. But there are always some simple-yet-effective changes you can make on your own, no matter what experience you have.
If you want to make your home feel brand-new with little cost, then repainting the walls in trendy neutral colours like beige, taupe, cream or white is one of the cheapest options. All you’ll need to buy is the paint, brushes and some filler or putty to fill in any gaps in the walls.
Adding storage space is another easy DIY job that can significantly improve the appearance of your home. Consider putting up floating shelves or investing in multi-functional furniture to free up floor space and banish clutter.
Renovating your home doesn’t need to break your bank account. Put our tips above into practice and give your home a new lease of life on a budget.