5 Money Saving Tips for Your Next Home Remodeling Project
Before the hammer hits the first nail, there is an abundance of necessary planning and preparation tasks for homeowners to complete. To ensure that you receive the best quality renovation for your money, be sure to follow the tips below to keep your home remodeling project on track and within budget parameters.
Break Up the Project Into Sections
You can save on home remodeling costs by segmenting the remodeling project in stages—this helps to control your cash flow. Obviously, you will need to discuss this with the contractors beforehand, as only remodeling certain parts of the house at a time can alter project dynamics. Overall, this will ease the pressure on your finances; however, it will also prolong the project completion time.
Use Color & Design to Increase Perception of Space
A lot of our remodeling projects focus on making a small space feel larger. Of course, increasing the size of a particular room will help to achieve this goal, yet this is the more expensive option. Use colors, decor and design features to create the perception of space, if you want the room to appear larger without adding additional space. Often one of the objectives of remodeling is to make a cramped space feel larger.
Hire a Professional for An Estimate
Most homeowners have unfortunately suffered through a home renovation that went over budget. Obtaining a realistic estimate in the beginning will help you to set a solid budget for your project. Just because you talk to a single contractor, or sit down for a consultation, doesn’t mean that you necessarily are stuck working with that particular company. Find two or three reputable companies that you are interested in working with and go over estimates with all of them. Each company may offer different materials, products, or warranties, so choose an offer you feel best suits your project and budget.
Construction and home remodeling companies are busiest during the spring, summer, and fall, so winter is a good time to start your remodeling project. During the off season, your contractor will likely have less projects scheduled and may be more willing to offer discounted services. There are other benefits to remodeling during the winter as well. Since your contractor won’t have as much business, they will be able to schedule you faster and get the job done when you need it.
Avoid Personal Loans and Credit Cards with High Interest
Avoid rolling the cost of your remodeling project into a long-term load, and don’t put it on a credit card, if at all possible. Depending on the scope of the project, you may want to take out a home equity loan or line of credit, but saving along the way and paying cash whenever possible (to avoid tax costs) is always the most cost-effective option.
Fiderio & Sons | CT Home Remodeling
For more than 39 years we’ve been the leader in home remodeling in Connecticut. We have the trained and experienced professionals to tackle all aspects of a home remodeling project. From roof to basement, interior and exterior, and from the design to final finishing, you can count on Fiderio & Sons to manage your renovation project skillfully and efficiently. Because we oversee all phases of the project we have better control of scheduling and coordination of trades such as plumbing, electrical, flooring and drywall. This results in a faster completion time and, just as important, better control of costs.