4 Tips To Reduce Renovation Expenses

Home renovations are known for frequently going over budget. In the hustle and bustle of a remodel, you can quickly lose track of expenses. With these four tips, you'll be able to get the home you desire without blowing your budget.

Do Your Homework

Before you even begin renovating, spend some time planning your remodeling objectives. Set firm goals for yourself that outline your project's aesthetic, price, needs, and wants. 

Doing some shopping is one of the essential parts of building the plan for your remodel. Figure out the necessary supplies for your job and price them online. Make a spreadsheet with prices, dimensions, and images of the items you select. Include a link to the store that sells the product at the lowest price for a quick reference. 

Two rules of thumb for planning a renovation are to add 20 percent to the total of your planned budget to cover hidden costs. You should also review how much you plan to spend on the project to ensure you won't be paying more than 10-15 percent of your home's value on a single space. 

Stick To Standard Sizes

Before you draft any blueprints, you should plan your project around using standard-sized materials. Wood, countertops, doors, sinks all come in standard sizes. Using these standard-sized materials will save you money over having custom items created for you. The fewer cuts and custom items you need to complete your design, the cheaper your renovation will be. 

Don't Skip Permits

Always reach out to your local municipal office and obtain the proper permits for your remodel. While some people may tell you to skip permits to save on costs, completing this paperwork can save you money. Obtaining permits means any renovations will be built to code. 

If you skip the permits, you risk having to tear down the renovation work if it isn't up to snuff. If you don't build your project from the correct materials, you risk it collapsing. There's nothing more expensive than having to do the same job twice. 

Your remodeling job may require permits if you're tearing down walls, building an addition, doing electrical work, or altering your plumbing. If you're planning on painting, installing cabinets, or doing simple cosmetic changes to your home, you most likely won't require a permit. 

Do As Much As Possible

Doing some of the work yourself can save you a lot of money during a renovation. Hauling supplies yourself, patching walls, and performing cleanup could save you thousands of dollars. 

However, there are some aspects of a remodel you shouldn't attempt if you aren't licensed. If your renovation has some tricky construction, reach out to a home renovation contractor. They can assemble a team of contractors to complete the jobs you require.

For more tips, reach out to a local home remodeling service.