4 Ways To Save Money Remodeling Your Home

If you’re planning on selling your home soon or simply looking to upgrade certain features of your home, these 4 tips will help you save money while improving the look of your home.

Remodeling and updating your home is a very important project, especially if you’re looking to sell your home, because certain renovations and upgrades can increase the value of your home. But, even if you’re not planning on selling, upgrades and renovations can give you a great return on investment by helping you save money in heating and cooling costs, increasing the energy efficiency of your home, or by simply creating a more inviting environment. Renovating a home can be costly though; Realtor.com writers say that “The expected financial outlay of renovating a home is generally determined by taking 25 percent of the value of the home”. Follow these 4 tips from Realtor.com to get an updatee and upgraded home without breaking the bank.

  1. Your renovation doesn’t have to be major. Kitchens and bathrooms are the top rooms for renovating because they bring the greatest return on investment, but they’re also the most expensive rooms to renovate. If your kitchen and bathrooms don’t need a complete overhaul, look for less expensive ways of improving those rooms and other rooms in your home.

    • Try painting or refinishing kitchen cabinets instead of replacing them

    • New linoleum flooring can make a world of difference for a fairly low price

    • Repaint the walls of any room that needs it

    • Make sure your kitchen is well lit (try under-cabinet lighting)

    • Re-grout bathroom floors and tubs

    • Bathtubs can be resurfaces or reglazed if they’re in bad shape

    • Replace out-of-date medicine cabinets with something more trendy and invest in a new mirror

    • Try restoring color and shine to floors before jumping to replacing them

  2. Clean! The cheapest way to update and renovate your home is through good old fashioned hard work.

    • Instead of replacing all of your appliances, try deep-cleaning them until they’re spotless

    • Get rid of clutter – donate old clothes, dishes, magazines, etc. and throw away rickety old furniture and whatever is living in your junk drawer

  3. Proper lighting can make all the difference in your home, but hiring an electrician to re-wire your home or installing a new skylight can be pricey. Try investing in lamps and natural sunshine instead.

    • Get new table lamps for end tables and coffee tables

    • Put standing lamps in dark corners

    • Lighting outlets and yard sales are great places to look for cheap lighting fixtures (but make sure they’re in good condition)

    • Pull back the drapes and let as much natural light in as possible

  4. DIY. Just as with meticulously cleaning your home, DIY projects are typically the cheapest way to update your home.

    • Visit home product stores for advice on fixing things (they can tell you how to install faucets, patch walls, install shelving, etc.)

    • Replace poorly insulated or leaky windows with new energy efficient ones (which will help save you money on energy costs in the long run and add value to your home)

If you have the money to do a complete renovation of your home, great! If not, don’t fret. Realtor.com writers encourage, “A combination of cosmetic and structural renovations can actually look like you’ve invested a lot more money than you did, which also goes to prove that money isn’t everything”. Quite simply, hard work and smart shopping can go a long way in helping you improve the look of your home. For more tips on remodeling and saving money, check out this article!

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