The renovation process is a long and complicated one that sometimes consumes homeowners for months or even years. It’s not uncommon for renovation projects to take more time than the homeowner expected, but it doesn’t have to be this way. With a few tips and tricks up your sleeve, you can expedite the renovation process without compromising quality workmanship or overspending on renovation supplies.
Renovating your home can be a daunting task, but it doesn’t have to cost you an arm and a leg. There are many ways to go about renovation on the cheap. Here are some steps that might help:
Consider selling what you currently own and moving into something smaller that needs less renovation
Selling your big home might be the best option for you. You can then use the money from that sale to purchase a smaller home that requires renovation and start fresh. For example, renovation costs can be decreased if you don’t have to add on a new room or renovation.
Inhabiting a smaller home also means less renovation work for your wallet, and you’ll probably save money by not paying extra rent. You might even be able to sell some of your renovation supplies for cash if you find yourself with too much after the renovation is complete.
Take advantage of any home renovation programs offered by the government
The government might have been offering renovation programs to help families who require renovation. If you qualify for any renovation program, taking advantage of it can be one way to lower renovation costs. Also, you can look at renovation forums to learn more about available renovation programs. Find out which home renovation supplies you can get for free or on the cheap.
If proper planning is done, you might be able to find suppliers who will give you renovation supplies for free or at a reduced rate if they see your renovation as a great opportunity for them to advertise their business. You can also find contractors who offer renovation services for less if they know that your renovation company has limited funds. For example, some companies might donate leftover renovation supplies after jobs have been completed so that these materials won’t go to waste. Also, some local churches might have renovation donation drives where items are given away if they’re left over after renovations are complete.
Look for financing options like renovation loans
Another important step is to look for financing options. You might be able to get renovation loans from your bank or renovation financing from private renovation companies. These renovation loans often have a lower interest rate, making them a better option for cash-strapped homeowners.
Avoid renovation scams by doing some research first. You should avoid renovation scams that will end up costing you more money in the long run by hiring a shady renovation company that doesn’t do quality work or that uses substandard materials. Look online and ask around for referrals. Do your homework about renovation costs and try to plan ahead as much as you can before starting home renovation so you know how much renovation supplies you’ll need and how much it will cost to complete the job with the desired budget.
Be creative with how you do renovations (think used items)
You can also be creative with renovation. Try to think outside the box and reuse renovation supplies if possible. Don’t just toss renovation materials that can still be used, especially if you’re working on a tight renovation budget.
For instance, renovation materials such as particleboard, cinder blocks, and cement can be used for other renovation projects. You can use them to start a garden or even fill in holes in your walls if you don’t have enough renovation supplies yet. Even small renovation supplies such as leftover construction nails might still come in handy if you want to make home repairs later on.
Don’t forget about tax breaks!
You may be able to deduct some or most of your renovation expenses from your taxes if they’re related to improving energy efficiency in your home. The government might offer renovation tax credits, so be sure to check if you qualify before starting your renovation.
These renovation credits are often claimed by low-income residents who need to make home repairs but don’t have much money left after paying their bills each month. By having the proper knowledge about renovation loans, renovation supplies you can get for free or on the cheap, and renovation programs available for families with limited budgets, you’ll be able to renovate your home on a budget with minimal savings.
The renovation process can be expensive, but it doesn’t have to break the bank if you follow these steps. Plan early and do your research so that you know where you’re most likely to find renovation supplies for free or at a reduced price.