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How To Save Money On Your Renovation Project

If you’re planning any home renovations this year, chances are that you won’t have an unlimited budget. Even if you’ve been saving for a while and have set aside a considerable amount of cash to go towards your project, it’s always good to save a little money where you can.

An article for Fool recently offered some advice to homeowners who are about to undertake a home renovation project to help them reduce the amount they spend.

The first tip is to project manage it yourself. If you have a number of jobs to do around your home, it might seem tempting to pay someone else to do the organising, but if you’re looking for ways to save money this is one of the first places to start.

Rather than trying to tackle all the renovations at once, pick out the most important projects and work your way through them one at a time. This will mean less disruption in your home and allow you to manage each one before you move on.

When you do hire tradespeople, whether that’s a plumber, an electrician or a plasterer, make sure you get several quotes to ensure you’re getting a good deal. You could even use a lower quote to help you negotiate a lower rate with your preferred contractor if you want.

Similarly, it’s worth shopping around when it comes to buying the materials you need for your home renovations. You should also ensure that, when you’re comparing products, you know what’s included with each.

For instance, buying a residential doorset will mean you’re not only getting the door itself, but also the frame, locks, hinges, rubber gaskets and adjustable architraves. All of these components are essential if you want your door to not only fit properly, but look great and provide the security you require.

Make sure you’re aware of what you’re getting for your money so that you can accurately compare what’s available.

But what about if you’re planning to sell your property in the near future? What renovations should you tackle and which ones are best left to the new owner? CNN spoke to Colleen Quinn, designer and owner of Red Bird ReDesign in Washington DC, about which projects it’s worth spending money on.

She revealed that, in terms of larger projects, things like revamped kitchens and new master bathrooms tend to appeal to buyers.

However, she stressed the importance of thinking about features that will appeal to a range of people, and not going for anything overly bespoke if you do decide to tackle one of these projects.

Meanwhile, Chris Highland, a real estate agent in Maryland, told the news provider that not all renovations have to be large and expensive.

“New carpet and paint are dirt cheap. They are the easiest thing to do for the highest return,” he asserted.

In the UK, many prospective buyers will consider the security of a property when looking to buy, which is why investing in new doors can also be worth the money. This is especially true if you have older doors that look worse for wear, or that don’t have high-standard locks fitted to them.