If you plan to renovate your home, but your finances are tight, you’ll need to get creative with your renovation ideas. You may have to strategize and use “sweat equity” – and put your energy into as much of the project as you can. Here are some ideas suggested by home remodeling experts that may help you accomplish your home remodel without breaking the bank.
1. Painting and Repainting: Change the Color Inside Your Home
Even homeowners who keep their homes clean can significantly improve the appearance of their homes by applying a new coat of paint. According to Forbes, interior paint costs an average of $3.50 per square foot. This means painting a 10 x 12-foot room, if you do the painting yourself. Besides giving your walls a fresh new look, new paint can also cover scratches or marks on your walls.
2. Heating and Cooling – Update Your Temperature Controls
A remodeling project may also be the ideal time to evaluate your HVAC system. If you have a contract with an HVAC company that includes an annual inspection, this could be the perfect time for your HVAC contractor to evaluate your current system to ensure it’s the right size and capacity for your home. If you don’t have a contractor, it may be interesting to know that, according to IBISWorld, there are over $137,000 HVAC contractors in the U.S. as of 2022. If you have to replace any of your appliances, be sure to choose Energy Star appliances for maximum efficiency with the lowest amount of energy,
3. Reevaluate Your Roofing – Ensure Your Home’s Safety
One of the most essential steps toward keeping your home safe is to ensure your roof is intact. According to Keep it Precise, asphalt shingles are the least expensive roofing material. Some homeowners trying to save money on roofing repair prefer a roof overlay, which places new shingles over the existing shingles. According to This Old House, the global roofing market will reach over $155 billion by 2030.
4. Bathroom Fixtures – Brighten Your Bathroom Experience
You typically visit your bathroom a few times a day, so you deserve to have a clean and attractive bathroom space. Many homeowners decide to get a pre-made bathroom vanity instead of buying a new vanity. According to Forbes, these pre-made fixtures can cost $100 and up. If you want to create a new look for your bathroom but don’t want to replace your sink or tub, changing the bathroom hardware from chrome to gold will revitalize the room.
5. A Better Base – Refinish or Refresh Your Floors
Installing new flooring can be very expensive, but if your floors are covered by carpet, a carpet shampooing machine will make a big difference to the room’s appearance. As for wooden flooring, refinishing hardwood floors can be a cost-effective way to make the floors in your home look more appealing. If you have a tile floor, reglazing the tiles will produce the same type of transformation. Another way to change the look of your floors is repainting or refinishing your baseboards.
6. Financial Tips: How to Afford Your Home Renovation
Although you may try your best to cut costs, your home renovation may still cost more than you can afford. Homeowners frequently decide to pursue a home equity line of credit. If your credit score is good, you may get a home improvement loan. According to Home Light, 35% of your credit score is based on how quickly you pay your bills.
There are many reasons for homeowners to renovate their homes. Whether you take one of the above suggestions or devise an idea of your own, you deserve to get the home you need and want. Look around your home, make plans that make sense for you; and then find a way to make those plans happen.
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