How To Save Money When Renovating Your Home
Planning a Home renovation on a Budget? Discover our money saving strategies to get you started on the right foot.
Renovating your home doesn’t have to drain your savings to make an impact. You can transform your space without spending a fortune with a little creativity and some smart planning. Follow along to learn how to save money when renovating your home.
Set A Realistic Budget
Before “Swinging the Hammer“, sit down and outline what you can truly afford. Include a buffer for unexpected costs (aim for 10-20%). Use a simple printable or digital tracker to monitor your spending- every little purchase adds up.
PRO TIP: Be sure to checkout our Renovation Budget Tracker (available in our Etsy Shop) make this part a breeze.
Create a Plan To Avoid Surprises
Start with a detailed plan before you lift a hammer or buy a gallon of paint. Map out every room, set a budget for each renovation, and track your expenses as you go to avoid mid-project surprises or costly detours. Plus, knowing what you need for every room means fewer impulse purchases at the hardware store.
PRO TIP: When making any list double check what you have listed, then check it again and to be really sure check it a third time. This is a great “rule of thumb” all designers, builders and remodelers have used forever.
Repurpose and Upcycle Materials
Take stock of what you already have before buying anything new. Can you refinish that old cabinet or freshen up a dresser with a new coat of paint? Repurposing materials gives your home a unique, personalized touch while saving you money.
Thrift stores, estate sales, and online spaces, such as Facebook Marketplace, are goldmines for affordable, secondhand materials. Often, you can find high-quality items that cost a fraction of retail prices, from reclaimed wood to light fixtures.
DIY Your Furniture
Building your own furniture is a fantastic way to save on expensive designer pieces. Creating a custom headboard, coffee table, or shelving unit can cost significantly less than buying pre-made items. Plus, you can easily seek inspiration from tutorials on YouTube or Pinterest. Even if you’re new to woodworking, you can start small and build your skills. You’ll save money while getting the satisfaction of adding personal flair to your home by taking the DIY route. A cozy bench at the foot of your bed or a handmade dining table becomes even more special when you know you’ve crafted it yourself. I have always admired friends, other bloggers and even family members who are so talented with just a simple board and a few nails.
Shop Smart
USE SALES, COUPONS AND OVERSTOCK STORES.
Renovations doesn’t mean everything has to be brand new at FULL PRICE. Check out local overstock outlets, online auctions like MACBID Go to your Big Box stores for even floor models. They’re very likely will be something you can save money on.
Focus On High Impact, Low-Cost Changes
Sometimes the most effective updates are also the Simplest:
Swapping Out Hardware
These changes add visual value without draining your bank account.
Splurge Strategically
While saving money is the goal, it’s okay to splurge on essentials, such as durable flooring or good-quality paint. Investing in these areas ensures your hard work lasts for years, but be mindful and carefully consider where to cut corners and where to spend.
Renovating your home on a budget is all about being resourceful, creative, and strategic. With these tips on saving money while renovating your home, you can create your dream home without breaking the bank. Start small today and watch those savings grow as your vision comes to life.
Know When To Call In Help
Trying to do everything on your own without direction can backfire, especially when it comes to plumbing, electrical or structural work. Hiring a PRO for trick tasks might “save you money in the long run” by avoiding costly mistakes.
Conclusion
Renovating on a budge isn’t about out cutting corners- it’s about making intentional choices that reflect your style and lifestyle. Maybe your a DIYer and want to try your hand at something that will add your personal flair to the home you already “LOVE“.
If you have used any of these tips please share with our readers. We all love to hear your ideas.
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