Remodeling your kitchen or bathroom can be an exciting undertaking; it
feels good to personalize your space and make it your own and it can add
to the existing value of your home.
However, during this time it’s important to be mindful of your budget
and to look actively for ways to keep costs low both before you begin
your remodeling project, and throughout the renovation process.
Below are a few useful tips to bear in mind to keep costs low and to help
you build a stunning new space that you can enjoy for years to come:
Plan First, Build Later
The most important thing that you can do when it comes to your remodeling
project is to plan all your steps thoroughly in advance. This way, you
can minimize unexpected surprises and paint a clear picture of what your
costs will be.
Some things to consider while planning is:
- Can you keep any existing appliances, or do they need to be replaced?
- Are there cost-effective lighting solutions you can use?
- Do you have to alter the layout of the space?
- Does any of the existing plumbing or electrical need to be replaced, repaired,
or rerouted as part of your project?
Prepare for Unexpected Expenses
When planning, try to think critically about the additional costs involved
with your remodeling project. Even though many homeowners choose to DIY
a significant portion of their projects, there are still areas where unforeseen
expenses may pop up, so it’s important to be prepared.
A few areas to be mindful of are:
Professional help. DIYing is fine, but before you close the walls back
up or turn on any lights or faucets it’s critical to enlist the help
of a qualified plumbing and electrical technician to make sure that you are safe.
Installation costs for new appliances and tubs. It’s important to factor
in more than just the cost of your new tub; the purchase of the tub will
likely include a payment plan, delivery fee, installation fee, and more
costs that you may not have initially considered.
Additional unexpected costs. The saying “plan for the best, prepare
for the worst” applies to these kinds of projects because you never
know what you may find hidden behind an old wall, or when something may
go wrong. Plan ahead and try to consider all angles.
Strapped for Cash? Spruce Up Your Space Instead
Remodeling projects don’t necessarily have to include knocking down
walls and installing brand-new appliances; in fact, many remodeling projects
focus entirely on refreshing existing elements of space.
If your budget is tight, consider alternatives to replacement such as painting
a feature wall, refinishing cabinets, installing new low-cost lighting,
and adding or removing shelves. A little creative thinking can go a long
way towards helping you build a beautiful space.
