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How To Save Money When Remodeling Your Home

June 4, 2014 By Michelle Knight Leave a Comment

 

  

When remodeling a room in your house does not have to cost thousands of dollars. A little creativity and ingenuity will save lots of money. When obtaining estimates from companies many people may find that costs can range into thousands of dollars. This post will give you ideas on how to shave down that estimate into something affordable. Then take a vacation on what you have saved! Or put it in the bank.

When we decided to remodel our sunroom last winter we had to make our budget at $300.00. There was not a lot of work to do but it did need the finishing touches.
One of the main sources of savings is to complete a project without a contractor. Outsource only what is necessary.
 

Putting Together A Plan
 
First before you start off to the store to buy supplies because you have an idea of remodeling your bathroom in your head create a list of what you want and what it will take to complete the project. Look on Pinterest and create a board, or go to a book store and look through some magazines and books for ideas.
Then create a dream board. Attach all of your ideas into one spot so that you will have everything ready to put your plan in place.

Finances
The next big step is putting together an idea of cost vs. how much you want to spend. If you notice on DIY shows they may have a budget to remodel a living room for $1000.00. This means that they must not go over that budget. Somehow they paint, buy new furniture or refurbish the old, and add the finishing touches. They may go slightly under the budget, but never over.  
 
 
Use Cash Only

Taking a loan out would be easy. Taking the time to save up the cash for a project will allow you to be sure on all purchases and decisions made to remodel. Using cash will help to stay in the budget guidelines and not go over.  

Saving Money
Recycle your old furniture, or rugs. Clean them up or paint them. They may look better than before. Search out furniture salvage shops. Look at garage sales for old items people sell. Hire out separate parts of the job to individual contractors. If you are adding rooms, flooring or just painting get several estimates. Tell them what your budget is that you can spend. Also, don’t have one person do all of the work. Have one contractor do the floors, and another one do the painting and floors. Do your best to get a good job at the lowest price. Another idea is to hit the sales at a home improvement store and
Do some of the work yourself. It may take a little longer, but with the internet anyone can learn something new!
Remodeling jobs are usually put off because of the cost and the time it takes to complete the job. If it is a project that you want to complete next year then put together your plan and start saving now!

How do you save on remodeling projects?

  

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