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4 Tips to Help You Save Money on Home Renovations

Posted On: May 15th, 2018

Owning a home is a lot of work! You have regular up-keep, repairs and renovations to worry about. If you are like me, the renovations never stop, and they can get expensive. There are, however, ways to save money without sacrificing quality or style. I promise it can be done! The first step is to set a budget. When we remodeled our bathroom we set a budget of $1,500, not including décor. This allowed us to shop for items we needed and to have a price point to refer to. By planning, shopping the sales, and doing all of the work ourselves we managed to come in way under budget which allowed us to actually take on and finish a second project. I want to share some ways we have learned to save money over the past couple of years!

Do It Yourself: Labor can be expensive. Don’t be afraid to tackle those projects yourself. Home improvement stores such as Lowe’s and Home Depot  offer free in-store workshops on various topics. YouTube is also a great resource; chances are there is an instructional video out there for your project. With today’s technology, it is easier than ever to learn new skills!

Do Your Own Demolition: Doing your own demolition can be fun! It is a great stress reliever, and it’s usually free. You can still do your own demolition even if you can’t haul it away. Check with your local trash provider. They usually offer bulk waste pickup, and sometimes communities have a designated bulk pickup day. If you have items that are in good shape, check with Habitat for Humanity to see if they can be donated. They will pick up the items for you, and you get a tax deduction.  

Shop Around: Don’t buy everything at major retailers. Sure you can find some good deals at Lowes or Home Depot, but don’t forget to look at places such as Menards or Lumber Liquidators. A lot of times you can find the same or similar items for a lesser price. You can also look on Craigslist, Facebook Marketplace, or local recycling centers for items. You can also shop at Habitat for Humanity’s local ReStore; all items are donations from business or local individuals. ReStore helps fund more Habitat homes in our area. You get a great deal and are helping your community!

See What Can Be Saved: Before you begin demolition take a hard look at the items in the room. See what can be reused or repurposed. When remodeling our bathroom, we kept the sink and toilet as is because they were in perfect working order, and instead of buying a new bathtub we recoated our current tub, which made it look brand new! Pinterest is a great resource for ideas on repurposing items. Don’t be afraid to get creative!    

I’d love to hear any money-savings tip you have or see your home-renovation projects! Send them to me at Val@rivervalleycu.org. For more fun posts visit my blog at https://www.rivervalleycu.org/val. Happy renovating!