Everyone loves a bargain, there’s no mistaking that. But if your bargain hunting is causing your house to fall apart because you’re doing patch jobs instead of getting in some real help to fix structural issues, you could end up spending extortionate amounts of money instead of saving it.
Before you even begin on any kind of home repairs, you need to make sure you have the time. If home repairs cost money, they also cost you minutes in the day and if you don’t have those minutes to spare, you should have a rethink on the repairs you need to do. There’s no point in starting a job if you are going to end up living on a building site. Interior design is always regarded as something that will cost a lot of money, but if you’re smart about where you make your savings, you can make sure your home looks beautiful.
- Create Your Budget: Sit down and make a list of the repairs you need to do on the house. By doing this first, you can work out how much money you can spend on each room. Always plan the structural issues as a priority and the interior design as the afterthought. It’s nice to make a kitchen look pretty but it’s no good to you if the winter has caused frozen water pipes and is springing a leak. Fix the broken parts first with the budget you have set, and you can then have the money that is left on the cosmetic fixes.
- Shop Savvy: Sales are your friend. You can make a lot of savings on paint, wood, flooring and lighting if you check out the sales through the year and only shop when the things you need for the house are on offer. Take the time to compare the brand names for the store names and you will often find that the store version is just as good as the branded item.
- Second Hand Winning: Buying used materials for home projects is always going to make some turn their nose up, but if you can see the value in the three R’s (reduce, reuse, recycle) you’ll always find value in salvaged materials.
- Negotiate: If you are hiring in contractors to help with the jobs that are a little beyond your reach, make your savings by negotiating prices. Get quotes to cover three or four different companies or independent contractors and always get references from previous customers. You don’t want to go too low with what you pay for, as a cheap contractor’s work often needs fixing by another contractor – not a good way to make savings.
Working on your house can be a pleasure but if you’re maxing out your credit cards and spending more than you plan, it will end up causing a lot of unnecessary stresses. Take your time to plan your renovations carefully and make a point of planning a savings timeline so you can get the maximum out of your budget and for your home.