There’s nothing more exciting than transforming your home with a renovation. Whether you’re doing your whole home or parts of the home, it’s a great way to refresh your living space and to give it a boost in value, should you come to sell it later on in life. However, renovations aren’t cheap and many will avoid doing it because it costs a lot of money. Here are some helpful tips to budget when renovating your home.
Be Strict On Your Available Budget
The budget you have available in the budget you need to stick by. The last thing you want to do when it comes to renovating your home is to land yourself in unwanted debt. The best way of making sure you keep yourself in the black financially is by being strict on your budget that you have available. Setting out this budget on a spreadsheet is certainly going to be helpful in knowing what estimates you’ve outlined for each and everything you are planning on buying
If you’re not great with budgeting, there are plenty of helpful resources online that can help guide you through the process efficiently. It’s not everyone’s strength when it comes to budgeting but even those who don’t feel confident in it can feel more in control when they have a budget plan in place for renovations.
Act As The Project Manager
As a project manager, you can oversee everything that’s happening with the renovation. It’s good to play this role because there may be multiple people and companies working on this renovation. You may have plumbers, electricians, and architects coming in to help with the transformation and so being a project manager means it’s one less person to pay
A project manager is someone who is organized and isn’t afraid of chasing down suppliers and making sure things are running smoothly. A good way of saving money is to make sure that you aren’t getting your time wasted by suppliers who are slacking. As a project manager, you’re likely going to be around for a lot of the time, which is good to do for the progress of the renovation in general.
Use Quality Supplies To Save In The Long-Run
Quality suppliers and supplies, in general, are going to save you money in the long-run. Yes, you might be on a budget now but don’t limit yourself when it comes to the quality of the materials you use or who you use to install them. It’s important that you don’t go too cheap that it turns into a renovation that you have to update and fix every few months or years
So if you’re using craft glue guns to make things yourself, then make sure to use a good glue gun, rather than the most basic and cheap one you can find. After all, it’s hot-gluing those things you’re making, so you want to ensure it sticks!
Don’t Set Unrealistic Timelines
As much as you may want to get things done quickly, don’t set unrealistic timelines. If you set things to happen too quickly or with not enough time in between, then you’re likely to be spending more due to things not happening on time. With any renovation project, there’s likely to be delays and it’s important to factor these delays into your timeline before you’ve even started the project
Instead, when it comes to setting up your renovation timeline, seek guidance from any suppliers for how long things will take. To save time, you may want to have a checklist of things to get prior to the work starting to help speed up the process.
Get friends and family to help
And finally, when it comes to home renovation projects, a lot of people will tend to turn to family and friends for some assistance. Whether they have professional skills or not, multiple hands are going to be better than just two or four. That’s why it’s good to rope in your friends and family for some of those projects that perhaps will benefit from a bit of extra help. It’s also going to make things a lot cheaper, perhaps even a free element of the renovation if you ask nicely or charm with food or drinks in return
Renovations although challenging and sometimes costly, do not always need to be. With that being said, make sure you use these tips to help renovate your home on a budget that works for you and your finances. However, make sure you don’t compromise on quality!
Thank you so much for reading this. I hope it has helped you feel inspired to do some budget friendly renovations.