How To Keep Home Renovation Costs Low

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Written by Michael Foote, founder of Quote Goat, has over 13 years experience working in the finance, insurance and currency sectors.

One of the most expensive things that you can do is renovating your home. Not only is it stressful in terms of the impact it might have on your family and yourself, but the impact it has on your bank account is also pretty significant, no matter how many times you tell yourself that you’re raising the value of your house. Here are a few ways to make sure that your home renovation costs are as low as possible.

Set A Budget

First of all, make sure that you set a realistic budget. A lot of people have a slightly higher figure that they know they can stretch to if pull comes to shove and you really need to spend a little more money, but there’s absolutely no point in bankrupting yourself because you want a new bathroom. Setting a budget will mean that you’re absolutely certain about how much you want to spend and that you won’t accidentally go over it.

Do It Yourself

There are certain things that you’ll absolutely be able to do yourself when it comes to renovating your home. Not only will you be able to paint walls yourself, if you’ve had some training then you might also be able to make furniture or at least refurbish it. Doing this will enable you not to have to pay workmen to do it. However, anything involving electrics or plumbing, you should get professionals in – they’re tricky and getting it wrong could mean that you get electrocuted or that your house ends up springing a leak.

Get Plenty Of Quotes

It’s a good idea to talk to lots of different people before you decide on whoever’s going to work on your home. You need to remember that the cheapest option is not necessarily the best – instead, talk to people you know and ask for their recommendations on whoever worked on their homes and did a good job. You want to be certain that you’re hiring a company that’s reliable and that won’t suddenly hike up the prices.

Remember The Costs Of The Materials

Paying for the costs of the materials is often something that can get overlooked as you consider paying for the cost of the renovation or the refurbishment itself. Some workmen and building companies will include the costs of the materials in their original quotes but you need to talk to them to make sure that they’ve done so. 

Be Realistic

Finally, make sure that you’re realistic. You’re not going to get an extension built in a week and if you pay under the odds for your new bathroom, chances are there might just be a leak pretty soon afterwards. You have to invest in your home but at the same time you need to realise that you can’t empty out your entire bank account to make cosmetic changes. Be sensible and you’ll be fine.

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