5 Simple Tips for saving money On Your Home Renovation
Originally posted on April 17, 2020 @ 9:21 am
Any major renovation can be very expensive. Some remodeling projects can cost more than the value of the property. Nevertheless, there has been a considerable increase in loft conversions, house extensions or general property refurbishments in the U.K. (especially in London) in the past 5 years. So let’s take a look at tips for saving money some of the ways to get the most value for money when remodeling your home.
– Work out a budget
The first and foremost thing is to work out a budget and then try to find creative ways to remodel your house within your budget. Your dream project might cost a fortune or it might even be accomplished with just a few thousand pounds. One of the worst things that can happen to your project is unintended growth of the project both in cost and size. Proper planning and foresight is what you need to avoid such mistakes.
– Saving in the long run
A cost effective home improvement not only saves you money when are doing the project, but will also save you money in the long-run. Always buy quality products that can last for decades without having the need to be replaced. Also, when you are renovating your house, you need to bear other thing in mind like, insulation and making your house more energy efficient. When you are doing a complete refurbishment of your house, installing cavity insulation in walls can save you 30 to 40% of heating bills during the winter. It is also good to change old and inefficient heating systems in your house to more energy efficient systems.
– Clearance and store closing sales
If price is the most important thing to you, you can save a lot of money by buying material from stores that are closing or stores that have clearance sales. If you can find great deal on the materials you can save a lot of money on your renovation project. However, you might have to sacrifice on personal style and preferences when it comes to buying products for cheap price in clearance sales since you might not have much choice.
– Professional help
You should do a cost estimate with your contractor. Realistically speaking, most projects tend to exceed the initial estimation by 10 to 15 percent. A good contractor will always provide you detailed information and line-by-line description of the items required. It is always wise to hire renovation specialists to help you with your home improvement. One particular advantage with hiring them is the fact that, they can buy material for you at cheaper price. For instance, if you have hired a home renovation company in London, and you have to buy a lot of tiles for your bathroom remodeling, they can easily get volume discount on the purchase. Stores and contractors have good business relationships as they do regular business. So the stores will be able to sell them products for lower cost.
– Buying stuff on the internet
One can also try buying materials like, lights, faucets on the internet. The best thing to do is get the quote on the materials from the local shop or your property refurbishment company, if you have hired one. Search for the same products online with the help of model or part number. You can easily save a considerable amount of money by purchasing things online. On the down-side, the product might look different than its picture on the internet. If the product is damaged when it’s delivered it might be a really big problem. So, make sure that you buy material only from reputed online stores.