Tuesday, October 11, 2016

4 Ways to Save Money on Your Next Remodel

Before you start knocking down walls for your home remodel, it's important to think about your budget. How much can you afford to spend on new fixtures and features? Where can you find deals to help you cut costs? Are there any preparations you can make in advance to save you money further down the line? If you're serious about avoiding the red during your next remodel, here are four tips for making it more affordable.

1. Have a Plan

It's easy to overspend when you don't have a clear goal for your remodeling project. You'll agree to anything that looks or sounds good instead of focusing on specific design elements, and you'll be tempted into unnecessary upgrades when you don't have a blueprint to fall back on. Be smart about your remodel. Plan it out before you use your credit card.

2. Make Plans Based on Deals

Instead of scheduling your remodel for the busiest time of year, wait until everyone is quiet and companies are desperate for business. Instead of buying a specific kind of hardwood no matter how much it costs, find a company that offers discounted timber and make your selection based on what's already on sale. Don't let your whims dictate your expenses. If anything, it should be the other way around.

3. Cut the Right Corners

It's okay to cheat a little on your remodel, but you have to make sure that you're cheating with the right things. For example, you don't want to cut corners when it comes to your water lines because they're so pivotal to your everyday life, but your faucets are another story. If you want to slap on some stainless steel adhesives instead of actually paying for stainless steel, no one will ever have to know.

4. Talk to Your Contractors

Don't be afraid to discuss money matters with your contractors. It's better to have a few awkward conversations early in the project rather than getting an unpleasant surprise on the final bill. If your contractor tries to play coy about costs, expenses, fees and surcharges, find someone else who will be upfront with you.

These are just a few things to keep in mind if you're watching your budget during a home renovation. You might want to find a contractor today for more information, including how to calculate expenses and what you can expect to pay for materials and labor. Good luck!

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