Think Before You Renovate and Save Money

If you’re in the mood to renovate, wait just one minute. Before you start tackling projects, take some time to think about a few things. Proper planning can save you money, unnecessary headaches, and make the overall process a much more pleasant experience.

Decide what you can do and what you will need to pay someone to do. You should try to tackle as many projects as you are comfortable with yourself to save money, but only if you know what you are doing. Trying to do something you are unsure of risks messing it up and having to pay someone else to fix your mistakes. This will cost you more. Be realistic about your capabilities and know when to leave it to the professionals.

If you plan on hiring a contractor, plan your remodel for their “off season”. Believe it or not, contractors charge more during their busy season as they are in higher demand. It may not be ideal to put your renovations on hold or to have to work around your contractor’s schedule, but your wallet will thank you.

After demolition you may be thinking everything goes to the garbage, but before you toss, consider donating. Trashing certain items can sometimes cost you a hefty amount of change. So, instead consider donating things like old fixtures to save you some money. Check into your local donation centers. Some will come pick up your items for free.

Try to use the space you have. You may be excited to start knocking down walls, but holding off and trying to work with the space you have, can save you lots of money. Try rearranging your furniture or scaling it down for more space. If you are struggling to see the potential in your current space, consult a professional. A professional can help you visualize all the possibilities with alternative solutions and design plans and will help you determine what the best possible options are for your space.

Article by Amber Burkhart

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   by  401(K) 2013