April 20, 2024


Friendly Interior

The Top 7 Money-Savings Tips for Renovating a House

Renovating your house is an exciting process! It’s an opportunity to refine your home and make it more valuable. Not to mention, you get to turn it into a point of pride and a space that you enjoy occupying. 

There are many sneaky ways to save money throughout the process, though, and they’re important. Renovations can get expensive when you aren’t careful about how you go about them. 

We’re going to give you some tips on how to be more frugal when renovating a house today. Hopefully, the information below can help you get the job done without hurting your bank account too badly. 

Let’s get started. 

1. Identify The Primary Issues

When renovating, it’s important to start from the bottom up. 

Cosmetic improvements might be eliminated if you have to fix the foundation, for example. When you do the little things first, there’s a chance they’ll get bulldozed by the bigger things later. 

So, before you start putting money into anything, make sure that there aren’t any significant issues to take care of first. The best way to get a feel for these things is by doing an inspection. 

2. Think Function Before Fashion

After you’ve settled any massive issues with the foundation or structure of the home, it’s time to start looking at the practical things. 

If your home needs a roof replacement, for example, you’ll want to take care of that before you add a porch. The idea of home renovations is typically stuffed with thoughts of nice flourishes and cosmetic touches. 

Those things will come later, but you have to make sure that it all works first. That way, you won’t put too much of your budget into things that don’t matter as much. 

This saves you money because the functional aspects of the house will need to be fixed anyway. If you’re at the end of your budget, you can go without the expensive paint job. You can’t, however, go without a sink. 

You might have to take out a loan or divert more cash to your renovation budget if you’re in that situation. That’s why it’s important to account for the essentials, then move on into other areas. 

3. Know What You Can Do Yourself

Big renovations, most of the time, require a lot of help from contractors and other professionals. Things like wiring, roofing, plumbing, and more will require professional help.

That said, you have it in you to do a lot of the cosmetic work yourself. You can find online tutorials, read manuals, or give things a shot. It’s possible, and you can do it with a little extra effort.

That said, it’s not wise to push your handyman skills past their natural point. If you’re out of your element or you’re putting yourself in danger, it’s best to stop. First, you could get seriously hurt.

Second, the damages you cause might cost you a lot of money in the long run. So, you’ll wind up accomplishing more than you thought you would. 

That said, don’t ride that high into an electrical shock or a damaged home. 

4. Build Around Existing Features

There’s a reason you’re choosing to live in an older home. They have charm, and there are elements to old homes that add a lot of value. 

So, instead of tearing everything down building from nothing, make a note of the things that you like about the home. You can then plan your renovations around those center points. 

Doing so will save you a lot of money. Additionally, having a little bit of limitation can be good in some cases. When you have a blank sleight, it’s hard to know where to go. 

On the other hand, having some features to work around can give you some direction to be creative with. 

5. Don’t Discard What You Demolish

You should also keep in mind that some old pieces of homes are worth money. Old fixtures or various features of your home might not be worthless when you rip them out. 

Do some research and see if there are fixtures that you don’t want that others will pay money for. You can try to sell or auction these things off online. A great way to get insight into those markets is to speak with the people you’re buying materials and furniture. 

People in the building and designing industries tend to have insight into the best places to buy and sell materials. 

6. Repurpose Existing Materials

Materials that exist in your home might be worth using in further projects. In particular, a lot of the wood that exists in your home can be reused as you renovate. 

If you’re not aware, the pandemic has left lumber prices at exorbitant highs. The industry slowed production in anticipation of a huge drop in demand. As things have ramped back up, their predictions proved a little extreme, and now there’s not nearly enough lumber to meet the demand. 

The result is high prices. So, save some money by using the wood that exists in your home already. 

7. Invest in Important Areas

You might not need to spend top dollar on all new materials and features. There are a lot of pieces of renovation on which you can be pretty frugal. 

That said, you’ll save money in the long run by investing more into pieces that you’ll put to use. If you invest in quality feature items, you’ll see that they last longer, and you don’t have to replace them later. 

Additionally, try to invest more in areas that increase resale value. That way, you can expect to get your money back when you sell. 

Plan On Renovating a House?

If you plan on doing some home remodeling, you’re in the right place. The process can be stressful, but it’s made a lot easier when you have resources to help you through. We’re here to help you through your home renovation projects. 

Explore our site for more insight into renovating a house, fixing a roof, and more.