When you picture a new paint job or a completely redone bathroom, it's hard to resist the temptation to start work just to make your vision a reality. However, in reality, renovation projects are just as complicated as they are essential. If you are thinking of updating the appearance of your house or a part of it, there are a few things that ought to be considered if you are to save money.
1. Do your research
For every expensive renovation idea, there's always a low budget option. While the low budget option is not exactly poor in quality, you may not think of it unless you do some research. The internet is a great source of information and ideas on affordable renovation and remodelling ideas. Websites such as Pinterest is teeming with pictures, DIY guides and low cost ideas on transforming spaces into stylish interiors. With plenty of information to back you up, you can plan your own project easily.
2. Finding the right contractors
It is highly unlikely that you will stumble into the right contractors just by chance. This is why it is important to seek out and shortlist a few contractors and get quotes from everyone. Consulting multiple contractors will leave you with several options and ideas on the feasibility of your project, thus saving time and money.
3. Buy your own supplies
Most contractors will purchase the supplies themselves as they are often affiliated with suppliers. While the contractors may get a discount for loyalty, it's most likely that they will keep a commission for themselves. However, you too can find cheap suppliers from your end. If you are consulting a designer, they will be able to guide you towards cheap suppliers. If not, a bit of research will point you in the right direction.
4. DIY whenever possible
Not all renovation projects need to be handled by professionals. If you have the time to spare, you can save a great deal by completing parts of the project yourself. For instance, tasks such as painting can be done without the assistance of a professional. If you have the help of friends or family members, DIY tasks will save a considerable portion of the total project sum.
5. Be flexible on the time frame not the budget
When you set your budget, be extremely careful and discuss every minor detail with your contractor and designer to make sure that you do not exceed it. As for the time frame, make sure to not select a busy time for home renovations as rates will be quite high during certain parts of the year. If you can settle for a time of the year when work is slow for contractors, you will be able to save more.
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