Home Refurbishment on a Budget

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Home refurbishment projects can take many forms depending on what you’re striving to achieve. If you’re about to begin your home refurbishment project and you want to prepare properly, it’s important to consider the finances. Contrary to what you might believe, it is possible to get it done on a budget in most cases.

We’re going to take a closer look today at what you can do to refurbish your home on a budget, saving money wherever possible along the way. It’s not going to be easy and, of course, the challenges of each project are unique. But you’ll want to make the most of the advice we’re about to discuss.

Identify Your Renovation Goals

First of all, you should take steps to define precisely what it is you’re trying to achieve with all of this. What do you want to do with the home? Are you focused on preserving and restoring period features? Or do you want to modernise the property and make it more functional in the present day? Different projects will have different goals and aims, and it’s up to you to be clear about those intentions before you begin. That way, you’ll waste less money later finding what it is that you want to achieve while on the job.

Get Multiple Quotes and Set Budgets

Getting multiple quotes from contractors and people you want to work with to carry out specific tasks as part of your refurbishment work. Getting multiple quotes from as many different sources as possible will make it much easier for you to find value and save money as you hire people. As you do this, you should also set budgets and make sure that you don’t let your spending get too far out of your control if you want to complete this work on a budget.

Make Do and Mend Where Possible

There are some situations in which you might be able to save money by renovating an item or an aspect of the home. Rather than replacing everything, which is usually far more costly, it often makes much more sense to fix what you can and make do with items that can be repaired. After all, that’s in keeping with the spirit of refurbishment. You’re upgrading the home rather than ripping everything out and starting over from scratch. Keep that in mind when you’re planning your approach.

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Employ the Right Professionals

Employing the right professionals to help you with your refurbishment project will be very important. Of course, it would be cheaper to go it alone and complete all the work alone, but that’s usually not very realistic. If you want to get the work done efficiently and well, working with solid professionals is often necessary. But that doesn’t mean it can’t be done on a budget. It’s about prioritizing the type of hires you make and only hiring people to complete tasks you can’t complete alone.

Be Your Own Project Manager

One way in which you should be able to save money on this whole project is to play the role of the project manager yourself. After all, this is your property and you know what you want for it in terms of the refurbishment aims, as we’ve already discussed above. Rather than hiring a project manager and spending even more money on that, you should consider overseeing things yourself. It gives you more control and helps you save some money; that’s always a bonus.

DIY When You Can

When there are tasks that you can complete alone and get done using your own skills and abilities, that should certainly be your aim and priority. You’ll save yourself a lot of money by taking a do it yourself approach. Roll up your sleeves and don’t be afraid to get your hands dirty when it comes to refurbishing the property. This will  give you a greater sense of satisfaction upon completing the project too. You’re capable of more than you realize.

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Live on Site if You Can

A lot of people end up wasting a lot of money on their refurbishment projects by moving out of the home while the work is being done. The cost of renting another home or staying at a hotel can be pretty large. And that’s an expense that doesn’t need to be there in many instances. Nevertheless, there are some occasions when the work required makes living in the home at the same time impossible. But the time away from the home should be kept to a minimum if possible.

Find Online Voucher Discount Codes

There are so many ways in which you can save money on the things you need to buy in order to complete your refurbishment work. Places like offer discount codes, and you should be making the most of these. Even small discounts on relatively low cost items are worthwhile. When you save small amounts of money along the way, those savings will begin to compound and add up over time. When buying things in bulk, don’t be afraid to negotiate discounts and save money that way.

Choose the Building Materials Carefully

Finally, you should think about any building materials you use. If you need to install new walls or other features, the building materials will make up a significant chunk of the cost. By choosing more affordable building materials you’ll be able to ensure the costs of these kinds of renovations don’t spiral out of your control. That’s something that can happen very easily if you’re not careful, but it’s something that you’ll want to avoid. So choose your building materials very carefully.

Taking on a big home refurbishment project is always tough. And the challenges you face will morph and change along the way. But by the time the project comes to a completion, you’ll feel very rewarded by the whole experience and maybe even turn a sizable profit if the objective is to sell it on.


Latest Issue

BDC 317 : Jun 2024