Categories: Home Improvement

Buying for Value: 3 Tips for Getting the Most from Your Renovation Budget

March 2, 2018

Most home renovations are completed on a tight budget. If you are renovating your home soon, you may have grand ideas for the finished result. However, you likely are also focused on containing costs. Getting the most bang for your buck is essential when working on a home renovation project. While you do not want to skimp on quality, you can follow a few tips to stretch your renovation dollar.

Choose Quality Materials and Furnishings

You may be inclined to choose lower quality materials when renovating your home, but this is not always a good strategy. There are some materials that you can opt to shop around for and even to look for cost-effective alternatives. However, when it comes to your cabinetry and furnishings, invest in quality products. The last thing you want is to need to replace your living room set every few years.

Custom furnishings are often built to last and look better than what you can find at home furnishing chain stores. A unique piece with quality construction can be a focal point in a room for generations. When you skimp in these areas, the results are immediately noticeable, and they can detract from the results that you are trying to achieve.

Focus on Energy Efficiency

Some renovation projects simply modernize your décor, but others can save you money in the long run. For example, replacing your windows may make the home more energy efficient. Upgrading your HVAC system and choosing more energy-efficient appliances are also great ways to save money going forward. Another way to save money through your selection of materials is to choose low-maintenance items that do not cost a small fortune to keep up with over the years.

It may seem contradictory to spend extra money on appliances, but it often pays off. The savings in energy and resource consumption can easily recoup the cost over time. You may have to make these large purchases one at a time to stay within your budget, but you’ll be glad you did. The best way to cut costs is almost always to reduce waste.

Use Paint Creatively

Paint is one of the most affordable materials that you can use when renovating the home, and it also produces results that are instantly noticeable. Any paint color can add a splash to your décor, but you can also invest in faux finishes. Another idea is to use paint in creative ways to make a big impact in the space for a small price. Remember that you can also use paint to seal cracks or even to conceal small blemishes with some types of materials.

Renovating your home can add value and style to your space. It can also potentially save you money through decreased maintenance and reduced energy in some cases. If you want to get the most value out of your renovation budget, you must focus on improvements that add value while also making an impact in a substantial way. Turn your attention to these ideas, and incorporate them into your renovation budget and plans for wonderful results.

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