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Four Steps to Deciding and Refining Your Home Improvement Budget

Four Steps to Deciding and Refining Your Home Improvement Budget Posted on October 8, 2016Leave a comment

You want to spruce up your home, but you’re stuck on shoestring budget.

It’s a classic scenario that most homeowners find themselves in: thankfully, renovating and redecorating doesn’t have to mean breaking the bank.

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In fact, if you’re careful with your budget and do most of the legwork yourself, your hard work can actually serve as an investment into your home for the long-haul.

The question remains: how do you decide your home budget and ultimately trim the fat to make sure you can actually afford your improvements?

By following a step-by-step approach in which you improve your home over the course of months versus weeks, you can make sure that you don’t overspend and avoid getting overwhelmed in the process. We’ve uncovered four tips that will keep you on track during the renovation process.

Balance Investments with Aesthetics

Many first-timers go with their gut and simply revamp their homes for the sake of doing so: however, just because your home feels “off” doesn’t mean you necessarily need to start from scratch.

Instead, consider improvements you can make to your home that represent investments that are also aesthetically pleasing. After all, if you invest in the proper pieces during your initial renovating efforts, you’ll avoid wanting to replace them a few years down the line, right? Such investments in your home may include:

  • Choosing elegant bedroom furniture that will stand the test of time and serve as the focal point of your design efforts in your sleeping space

  • Replacing windows and lighting fixtures which could ultimately bring down your energy bill

  • Modernizing your fixtures, faucets and tiling which could actually improve the value of your home when it’s time to sell

In short, start with smart investments versus picking projects at random.

Go Room by Room

Piggybacking off of the last tip, make sure that you tackle your renovations room by room. The benefits of this approach are three-fold:

  • You can focus on areas of the house that you and your guests will see first upon entering, such as your living room or kitchen

  • You can confine your clutter to a single space and eventually divide and conquer it at the tail-end of your redecorating

  • You won’t get stuck with a bunch of furniture or decorations that you have no place for: after all, you don’t want to contribute to your existing clutter, do you?

A simple tip on the surface, this approach will ultimately keep your budget in check.

Picking Cheaper Projects

Perhaps also a straightforward tip, make sure that you emphasize projects that are inherently cheaper and don’t require assistance from a professional. For example, you can easily paint a room, rearrange your furniture and seal your windows yourself: however, playing with your plumbing can be incredibly costly. Although hiring a professional isn’t admitting defeat by any means, such projects will inherently be more expensive than that which you can do on your own.

Pick Up Thrifty Materials

Despite popular belief, you don’t have to pick up everything brand new when it comes time to renovate your home. You can find numerous building materials at your local recycling center for a fraction of what you’d pay at the hardware store. From doors and insulation and beyond, don’t feel tied solely to “brand new” home materials.

There’s no doubt that home improvement and renovation can get pricey, but that doesn’t mean it has to be. Instead, focus on a slow and steady approach to home improvement that emphasizes investments and savings versus overspending.

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