Trying to improve your home is not an easy task, and most homeowners don’t know where to start. And in some cases, these home improvement projects end up costing more than they should. But there are some major tips you can use to upgrade your home without draining your savings. From fresh paint to European oak hardwood floors, there are many ways to make your home look great without emptying your wallet.
Budgeting for Home Improvement Projects
A few simple, budget-friendly home improvement tips will make your house look fresh and appealing. Decluttering and painting can help you free up space in your home, and rearranging furniture can make a room look new without spending a fortune. You can also add a large-screen television and cozy pillows to your basement, making it a great entertainment area. Attic conversions can also be a great way to increase the marketability of your home and increase its value.
This will help you plan out the costs involved in completing the project and allow for any unforeseen expenses. Getting an accurate estimate is crucial, so talk to contractors and price out materials beforehand. You can also consult other homeowners and ask them about their budgets for similar projects. It is also a good idea to plan for wiggle room to cover unforeseen costs.
One of the best ways to stay within your budget when planning a home improvement project is to keep your money separate from other home expenses. This will help you stick to your goal and limit the temptation to dip into your savings. For instance, you can divide your budget into different categories, such as major home improvements, minor repairs, and repairs to existing items.
Finding a Good Contractor
Before hiring a contractor for your home decoration, it is important to look into the contractor’s experience and credentials. Check if they’ve received any licenses and accreditations from professional organizations, such as the National Kitchen and Bath Association and the. But remember that not all certifications are created equal.
Before hiring a contractor, ask around for recommendations. Often, store employees will have experience with a specific contractor. Try to contact these people, as they have firsthand knowledge of how the contractor works. It’s also a good idea to visit a completed project, if possible.
Spending more on Quality Materials
Consumers are increasingly prioritizing quality over price when they make home improvements. According to a Harvard University study, Americans spent $420 billion on home improvement projects last year. This growth is due in large part to the fact that people are spending more time indoors, which makes it more important than ever to have a comfortable, functional, and livable home.
Investing in high-quality materials will increase the value of your home and save you money in the long run. Quality materials can withstand wear and tear and require fewer maintenance costs. In contrast, cheap materials may look great for a short period, but require a lot of repairs or replacements.
Effectiveness
Renovating your home doesn’t have to break the bank. With a little creativity, you can make your house more attractive while boosting its value. For instance, removing interior walls can boost your home’s value by as much as 6%. It can cost anywhere from $92 to $197 to remove an interior wall, and you should factor in about $300 in labor costs and debris removal.
Energy-efficient upgrades are another way to boost your home’s value and lower your monthly bills. You can find free information on energy efficiency from the Department of Energy or from your utility company. Energy-efficient upgrades such as sealing air leaks can save anywhere from 5% to 30% of your home’s energy bills each year.
