24 Aug 2017

How to Renovate on a Budget

Are you doing a home renovation to boost the value of your home? Are you going to renovate your house to update its style and livability?

Either way, there are plenty of ways you can renovate your house that won’t break the bank. So here are the top five tips on how to renovate on a budget:

1.Do it yourself (D.I.Y)
If you think you can do simple tasks, or if you have the skills and experience to do a home renovation like painting the walls, then why not do it yourself to save money? You can even check out YouTube how-to videos or simply google articles and forums online. Just make sure to be careful so you won’t do any damage that will cost you even more.

2. Ask for help from family and friends
Does your dad or any member of your family know a thing or two about renovation? Or do you have a friend who has knowledge and skills that will be helpful to you? Don’t be afraid to ask them to help you out. You can pay them in services such as babysitting their child.

3. Be creative and resourceful
Instead of buying new tools, see if you can borrow them from people you know. You’re only going to use these tools for a short time, so it just make sense to borrow instead. Also, thinking outside the box by upcycling old materials instead of buying new materials is another strategy that can save you money when renovating on a budget. There are tons of cheap renovation ideas you can find on websites like Pinterest.

4. Shop around for a good tradie
A tradie can make or break your home renovation budget. Make sure you hire a tradie that is the perfect fit for your renovation. Meaning, if you have an old house you want a tradie with experience in renovating old houses to avoid costly mistakes. Don’t forget to compare different tradies and ask for their quotations and samples of their previous work, so you know what kind of person you’re getting.

5. Get the right financing
If you’re doing a major home renovation and you don’t have the cash to pay for expenses upfront, a construction loan is a good way to finance it.

A home renovation doesn’t need to be that expensive. With thorough research and the right strategy you can save hundreds and even thousands of dollars.