Every homeowner has dreams for their property, but often they do not know how to frugally invest in their homes. Spring is the perfect time for beginning remodeling. There is just something about the weather and the green grass that makes us want to paint the walls we’ve stared at all winter.
You can make choices to renovate your house that do not hurt your pocket. What is the ultimate goal for the frugal homeowner? Every penny that goes into a project return to them. There are steps that can be taken to ensure that you will not spend too much money on the project.
If you want to paint a room, remodel your kitchen or add a second story, you should make wise choices. Let us look at some steps that will lead to success, and frugal, project.
Step #1: Decisions must be taken
This is your home, and you have some decisions to make. The first is whether your project requires a contractor or not. It depends on how much time you have, what your skills are and how much stress you can handle. If there is even a mild suggestion that you may not finish the project or not finish it well, you should hire a contractor. Yes, you have to pay more, but in the end you have something that has the potential to appeal to buyers, not repel them.
If you decide to use a contractor, make some smart decisions. You have to shop for a contractor. Ask lots of questions and go with someone who you are comfortable with. Word-of-mouth will tell a lot, so ask everyone you know if what they have heard about the contractor in question. Don’t forget to call the Better Business Bureau and the state attorney general’s office about any investigations or complaints about the contractor and its subcontractors.
Step #2: one project at a time
If this is your first remodel project, do not start with something bigger. In order to keep your finances and sanity in tact, you must prioritize what you need to do at home. Do not try to do everything at once. For example, having your living room painted and your bathroom torn out at the same time, it will be a lot of pressure on you.
Start with the smaller and lighter design first. This often includes things that you can do yourself, like painting and new light fixtures. Then move on to the projects that you will pay in the long term, such as new windows and major systems. Then turn to the cosmetics and finish.
Step #3: Cheap will result in costly
There are many places where you can save on the cost. Its walls, ceilings and floors are not among them. You can buy cheaper fixtures, plain bathroom tiles and moderate-cost appliances. But your structure, insulation, electrical, plumbing, heating and cooling are what makes your house efficient. Spend dollars for these things, you can save a little money in the long term. Believe me, rising tools are all the reasons to make your home top-notch effective.
Along with this, you should invest in good windows and doors. They are expensive, but, again, is not a place to cut costs. When you are buying windows, search for brands with high energy efficiency ratings and low maintenance costs. A good choice is often a good quality vinyl window.
Step #4: Classic design is always the best
While trends are fun, they reduce your sell options. For example, my husband and I are into a western cattle baron look. We have chosen to show this in our leather and cowhide furnishings and decoration. We know that if we are to go far, like a mural of a cattle drive on the dining room wall, that merely a special person, such as the house.
You are better off if you use classic materials, like wood and granite, and simple design. Use your decoration as a way to give your home style, or be prepared to repaint before you can sell the house.
Step #5: Expect your budget to be blown
It is a good idea to think that you can stick to your budget, or better yet, get in line with the budget. But this is not always possible, in home remodeling projects. Why? Because houses hold a lot of surprises.
You should give yourself at least 15% of the budget as the room for manoeuvre. This will mitigate any unexpected costs and surprises. To do this, especially if you are working with a contractor. Remember you budget and his estimates are only numbers up in the air. When dollars is spent, that is how much your work really costs.
There are many ways to be frugal when you make changes in your home. Walk the corridors in your home, store, when making a decision. Ask your contractor to help you get the best deal for your money. But the prime factor to being frugal in your home remodeling project? Knowledge. Do some research and research about what you will do with your house. Look at the different steps and what to expect the final project to give it to you. Use your potential for knowledge to your advantage and you will make wise decisions for your home.
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