Home free – 5 tips to renovating your house without breaking the bank

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If the thought of having to renovate your home sends your piggy bank running for cover, then it’s time to think smart. While the changes you’re looking to make may be significant, the eventual cost doesn’t have to break the bank. It’s all about being strategic with money and taking note of these five renovation tips below:

Consider Finance Options

If you need to make emergency repairs to your home that can’t wait, there’s every reason to consider fast cash loans. Rather than wait for days for your bank to approve your small, high-interest loan, you can instead rely on reputable and honest cash loan providers to save you a lot of time and hassle. The best part is, you can get those problems fixed in record time while paying back your loan with affordable interest rates.

Small Changes for Big Impacts

If your kitchen is a little dated but the average $25,000 to $50,000 price tag for a remodel doesn’t sound all that appealing, you don’t have to say goodbye to your renovation dreams. You only have to get a little creative. Rather than invest in new cabinetry, repurpose what you have. A fresh lick of paint and new handles can transform previously dank cabinetry with little effort and money.

Don’t Shy from Used Goods

Home renovations don’t have to cost the earth, especially if you take the time to visit thrift stores and put feelers out online. Rather than spend several hundred dollars buying hardware or supplies, check out online giveaway groups, or trading sites to see if you can find what you need at more reasonable prices.

You can even benefit from bargain deals when carpeting. Look for run-out sales at wholesale stores, or check noticeboards for off-cuts. You may find that someone’s previously removed nearly-new carpet is more than sufficient for your home.

Basic is Best

Latest research shows that when you sell your home, your resale value is only 56% of the cost of the remodel. Therefore, sticking to the basics is going to be better for your bottom line. Rather than opt for Swedish imported designer granite bathroom sinks that were blessed by the Pope, you may find a standard bench top from your local home depot store looks equally as attractive.

Opt for the same approach when painting and wallpapering as well. Choose the paper that suits your home’s style the best, not the one that appears to be more elegant and costs a significant amount more.

One Area at a Time

If you’re on a budget and have no time-frame in mind, you may find your wallet takes less of a hit if you carry out home renovation in stages. Rather than gut your entire home and live amongst framing and power tools, work your way through the house while spending your time saving money for the next item on the agenda. You may find that having a construction schedule can be beneficial in this case. You can keep an eye on costs while budgeting for those more expensive areas like the bathroom or kitchen.

While it might seem impossible to renovate with limited money, you can do it! Learn how to be smart with the money you’ve got, take advantage of the resources available to get the job completed with a minimum of financial stress. Before you know it, you can have a wholly transformed home that didn’t cost nearly as much as you thought it would.  

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