How to save money on your home renovation

2020 has seen most of us spending more time at home. During those long days of lockdown and staying safe, many households have taken full advantage of the situation and used this time to make changes to their homes and embark on ambitious DIY projects.

From new flooring to new kitchen cupboards, fresh carpets, floating shelves or a quick lick of paint, projects like these are fun and provide a wonderful sense of achievement when they’re completed. However, as many households have come to realise, these kinds of projects and renovations don’t come cheap. And there’s nothing more daunting than a simple DIY job that’s suddenly costing you hundreds or even thousands.

No one should put their financial stability at risk because of a home renovation project – although if you are struggling with money right now, you can find out more about debt and money management from Creditfix. Here we’ll take a look at how to save money on your home renovation.

Create a budget and stick to it!

Before you run away with wild ideas of expensive countertops or luxurious amenities, it’s important to sit down and work out what you can actually afford. Once you know what your budget is, then you can start making design choices.

If you’re redesigning your kitchen for example, then you’re going to need to work out the cost of everything, from the kitchen tiles to the kitchen taps and lights. You may also need to include the cost of labour or materials if you’re hiring someone else to help you. When you work from a budget you’ll be able to see where you can make changes and adjustments to your spending, allowing you to achieve the look you want but on the budget you can afford. With a thorough budget, there’ll be no nasty financial surprises.

Focus on one project at a time

You might be impressed with the progress of your kitchen space, yet the tired and dull hallway really lets it down. You may find that when you’re working on one area of the house, it won’t take long for you to notice other issues elsewhere that you want to tackle too. While it’s tempting to move onto other projects whilst you’re in the middle of one, it’s not recommended. Keeping to one project at a time will keep your costs down and everything much simpler!

Consider waiting for the sales

Certain times of the year are better for buying materials, new kitchens, carpets and home accessories. Consider waiting for the sales to come around so you can get more for your money. For example, as part of your garden makeover, consider waiting until the winter months to grab a bargain! Or hit the new year sales for those new rugs.

And finally, ask for help (from the right people)

Your brother might be offering to help lay the carpet, which is kind of him. But if he’s never done it before you could end up paying for a potential mistake to be rectified by a professional. Only ask for or receive help from those who are qualified or experienced!

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