Pages Navigation Menu

Everything Personal Finance

Saving Money on Your Home Remode

There comes a time when you have owned a home for a while that you want to undertake some remodelling and renovation work. However, doing this without breaking the bank can end up being one of your greatest challenges. Essentially, this involves some careful and strategic thinking with regards to the design, materials, and timing of the project. Costs can quickly mount up in different areas, and here are just a few of the ways that you can save on your major home project.

Head Down to Your Local Recycling Centre

Rather than buying everything brand new, you may well be able to save yourself a tonne of cash simply by heading down to your local recycling centre and buying recycled or lightly used fixtures. Of course, before you set about installing anything, you need to make sure that it is totally usable and safe. However, the savvy home builder will find themselves saving a lot of money in this way.

Do Your Own Demolition Work

Knocking down a house may not be as expensive as building it back up again, but you can save yourself some money by undertaking this work yourself. You could rent the equipment yourself and use Red Diesel for your refuelling needs. This comes with a big caveat that you need to be confident in what you are doing. The last thing that you want to do if accidentally take out any live wiring or pressurised plumbing.

Consult an Architect

Depending on the scale of the task in front of you, you may not need to pay for a full architectural commission. However, for a much more affordable rate, you could have a consultation session. Though this represents another upfront cost, this could be invaluable in solving and major problems that you are having so that you can continue with the work without encountering a hitch.

Do Your Own Material Moving

Rather than paying for material delivery fees which can quickly spiral out of control if you are not careful, why not pick everything up yourself? If you don’t have your own pickup truck, you could simply purchase a utility trailer which you can tow behind your SUV. Not only are you saving on fees, you are also ensuring the builders have the materials that they need to continue with the work unburdened.

Make Decisions Early

The time to head down to your local hardware store or home centre is not just before the work is due to begin – it is weeks or months before it is due to begin. The more prepared you are, the better idea you will have of costings and the more likely it is that you will be able to bag yourself some good deals. If you leave everything up to your contractor, you could easily end up paying more than you wanted to.

So, if you are looking to save money on your home remodel, these are just a few of the most effective ways of doing this.