Renovating your home can be a costly business. Flendr estimates that an average kitchen re-fit costs almost £10,000, a bathroom will require a £5,000 spend and a bedroom might need to to find £1,000. Then there’s bigger projects such as extensions.
It can all seem pretty depressing if you have a limited budget but that needn’t be the case. There are ways to shave money off the bill and make sure your dream project falls within your budget. Here are five tips to help.
Roll your sleeves up
One of the biggest costs of a renovation project comes in having to pay for the manpower required to carry out the tasks that you need. One obvious way to cut that cost down is to handle some of the tasks yourself. Clearly the amount of things you can actually do depends on the project and the extent of your own capabilities but it’s at least important to do as much as you can. Pay only for the things you physically can’t do and maybe even see if any friends and family will be prepared to roll their sleeves up and muck in too. So, if you’re converting your loft, for example, you might need someone to fit your Velux windows but you don’t need someone to decorate or lay some laminate flooring.
Use what you already have
When you’re renovating you clearly want to deliver change in your home, but that doesn’t mean everything has to be brand new. Those old dining room chairs and table can be stripped back, repainted and ‘upcycled’ to match a brand new theme in your kitchen, for example. Before you throw anything out think about how you might be able to out it to another use and avoid the need to buy something new.
Play the long game
Do you know what tiles you want in the kitchen or bathroom? Got an eye on the perfect new bed? Seen just the wallpaper to make a fabulous feature wall? Great, now wait. Watch the exact products you want like a hawk and the moment they are reduced or on offer – pounce! Even if you’re months off starting your project, stocking up when items are at their cheapest will save you cash in the long run.
Look for alternatives
Equally, if you see the kitchen cupboards, carpet or sofa that you’d really love but you know it’s way out of your price range then set yourself a challenge. Scour the internet and shops high and low to find something that looks the same but doesn’t carry the same price tag. Very often you’ll see that expensive designer items set a trend that others will follow and you’ll be able to pick up a suitable – and cheaper – alternative.
Get quotes and barter
Getting the right experts in is crucial if your renovation is to be a success. Ask your friends and family for recommendations from work they’ve had done and make sure you get a few quotes before you fork out. Don’t necessarily go for the cheapest person – that could cost you in the long run if they don’t complete the work to the required quality – but do be prepared to see if you can negotiate a discount. If you don’t ask, you won’t get.
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