If you’ve been in your new construction home for a while, you may be ready to take on a remodeling project. Depending on the magnitude of the project, remodeling can be very costly. The most important thing when you’re tackling a remodeling project is to really think about what you do and don’t need. Cut costs with these remodeling tips:
Before the Remodel
Plan ahead as much as possible so you have a better idea of what your budget will be. You’ll avoid making costly changes or hasty decisions later in the process if you know what your budget is. When you’re shopping, compare products. You might find that there is a look-alike option that is more affordable.
Peak remodeling seasons are summer and fall to early winter. If your project can wait until the start of the New Year, when contractors are less busy, you might be able to hire one for a lower price.
When choosing a contractor, find one who is an expert in remodeling and familiar with building codes in your area. It can be very expensive to update work that isn’t up to code. Once you have a contractor picked out, have a well-written contract. It will help you stay within your budget.
During the Remodel
Reorganize and borrow space from unused areas of the house. Any time you have to add square footage to your home, the total cost increases astronomically.
If you are remodeling an exterior space, consider doing the demolition yourself, which can save you a lot of money. You may also be able to handle the finishing touches, like insulating or painting. The more you can do yourself, the more you can save.
Avoid moving major fixtures and appliances, like a toilet or a sink. Moving plumbing and wiring can be extremely expensive. Be creative and consider other solutions that won’t require major work.
When in doubt, go with neutral colors for appliances and fixtures that won’t be out of date in a few years and require updating.
The most important thing when you’re tackling a remodeling project is to really think about what you do and don’t need. If all the room really needs is a new color of paint, don’t waste thousands of dollars for a whole new room. You may find that your current space is big enough; it’s just not being used efficiently.