If your home is in need of a remodel, but you don't want to break the bank, don't worry!
You can remodel your home on a budget, maximizing its value without minimizing your wallet.
Below, we outline our best tips for budgeting your home remodel and saving money in the process.
- Understand What You Like and How Much It Costs
- Use Less Expensive Materials Whenever Possible
- Donate What You Can First
- Handle Some of the Work Yourself
- Schedule Your Work During Slower Months
- Maximize Efficiency Before Expanding the Space
- Don't Relocate Plumbing
- Add Natural Light Without Installing Windows
- Do Your Research When Choosing a Contractor
Save on Material Costs
Start browsing the aisles of your local hardware stores and/or home centers well in advance of when you anticipate beginning the work.
Get an idea of what materials, fixtures, and appliances you like and what they typically cost.
Approaching a remodeling contractor with minimal information about what you're looking for will make it harder to get an accurate estimate.
In addition, materials vary greatly in cost.
If you aren't specific upfront about what you want, your contractor may choose materials that are more expensive than other, perfectly satisfactory materials.
- Hire the Right Remodeling Contractor and Know What to Expect
- Create a Home Remodeling Plan in 10 Simple Steps
- Remodel Your Basement on a Budget (for $10,000 or Less!)
- Top 5 Go-To Tips for Budgeting Your Kitchen Remodel
Using salvaged, lightly-used fixtures or building materials can save you a ton of money.
There are 400+ Habitat for Humanity ReStores nationwide, offering salvaged building materials for a fraction of big box store prices.
The downside is that most contractors won't work with salvaged items, or even with homeowner-supplied materials in general, because they don't want to assume the liability should something go awry in the future.
However, if you're performing that aspect of the work yourself, you could save up to thousands of dollars by using gently used materials.
Standard Size Materials
Manufacturers offer off-the-shelf dimensions of various building materials, and taking these dimensions into consideration during your design process could save you a boatload.
Custom fabricating anything drastically increases costs, so we recommend avoiding doing so whenever possible.
Going with less expensive imitation materials is a smart choice in a lot of cases.
Hardwood is beautiful, but there are countless options that look and feel like the real thing for a much smaller pricetag.
Building-supply auctions are excellent places to look for materials.
The inventory at auctions typically includes overstock supplies, misordered custom materials, or items with minor signs of wear.
Most have anything you could want, and you can save hundreds or even thousands in some cases.
Save On Labor and Disposal Costs
Before you start a remodeling job, whether it's your kitchen, a bathroom, your basement, or the entire home, reach out to your local Habitat for Humanity to see if they'd be interested in coming to your home to remove any materials or fixtures they'd like for resale.
A vast majority of a home's materials are reusable, so there's likely a variety of useful items in your home a charity could benefit from.
Cabinets, tubs, sinks, and more—all of this is valuable to others, even if you no longer are using it.
Find out more:
- DIY Home Staging: Sell Your Home Faster for Less
- Decluttering: A Guide for Success
- Declutter Your Home to Sell It Faster
A majority of interior demolition work is best left to the pros, but if you have some light demolition that needs to be done, you may be able to handle it yourself and save some money.
For example, if you plan to replace your cabinets or even an outdoor feature, like a deck or fence, you likely can demolish and remove these items yourself.
To prevent adding to project costs by making costly and potentially dangerous mistakes, hire a professional to assist you with interior demolition work.
If you're uncomfortable or unable to handle any of the demolition, use Hometown to help you find the right local, qualified contractor for your project.
Luckily, demolition isn't the only part of the job that can often be done yourself to save money.
Other common aspects of a remodeling project that you can do yourself:
- Light demo
- Material pick-up
- Material cleanup
- DIY Interior Demolition: Is It Really Worth It?
- 7 Things You Should Know Before Starting a DIY Demo Project
- Small Demolition Projects: DIY or Hire a PRO?
- When Hiring a Contractor Saves You Money vs. Doing It Yourself
Many pros will argue that winter is the best time to remodel because it’s the time of year when labor prices are often at their lowest.
Contractors aren’t as in-demand during winter months, which equates to lower labor costs for homeowners looking to remodel.
Not only do you tend to pay less for materials and labor in the winter, but your remodel project tends to be completed in less time, too.
Winter months are less busy for contractors which means the local departments that issue permits are also less busy, saving you time.
While this is the case sometimes, in certain situations, you can get away with reorganizing the layout of your kitchen and equipping it to maximize it's functionality.
For example, adding additional shelving in your existing cabinets may be a better option than ripping them out and replacing them with new, bigger ones.
Doing this could save you thousands while still meeting all your needs.
Moving plumbing is one of the biggest causes for remodeling cost increases.
If you absolutely need to move a toilet or sink, take advantage of the opportunity to upgrade the pipes at the same time to save money in the longrun.
- Bathroom Demolition Cost Guide: Pricing Info Homeowners Should Know
- 8 of the Hottest Bathroom Remodel Design Trends
- 15 of the Most On-Trend Kitchen Remodel Design Ideas
Cutting a large hole in the side of your home and adjusting the framing to accommodate it is invasive and expensive.
Luckily, there are less expensive ways of capturing light.
For example, solar tubes, or light tubes, are like a small skylight designed to go between roof rafters and funnel sunshine into your space.
However, skylights cost $2,000 or more in some cases, while a solar tube costs less than half that on average.
Remodeling your home is a big investment, and choosing the right person to assist you is important.
Choosing the wrong contractor could be extremely costly.
Ask contractors for line item bids so that you can closely compare how contractors price their work, and ask for references to see what they’ve done in the past.
Getting multiple quotes can save you hundreds, if not thousands, of dollars in the longrun, so don't skip this step!
Find out more: