Home remodeling is an exciting way to customize and freshen up your living space. And while many renovation projects can be quite expensive, it is entirely possible to remodel any room of your home on a tight budget. If you want to add value and interest to your living space, a makeover may be the solution you’ve been looking for. Here’s everything you need to know about how much to budget for a home remodeling project, and how to save money on all types of home renovations. These tips can help make your dreams a reality.
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Before you begin any renovation project, you’ll want to know how much money to set aside for a home remodel, and how you will finance the project. Then, you can be strategic about saving and planning. Follow these steps for how to create a budget for a home remodel.
Determining home much a remodeling project will cost you varies on a number of factors. A Larger renovation like a full second-story addition will cost more than a first-floor bathroom remodel.
The average renovation project falls between $17,000 to $200,000 with the average running to $49,000.
After you set a budget and develop a plan for your renovation project, it’s time to hire a contractor to complete the work. They take you through their remodeling process which usually involves:
To keep your remodeling costs lower, consider these tips.
To keep costs lower on a bathroom remodel, consider smaller, cosmetic upgrades instead of total overhauls. Moving walls and major plumbing around leads to more costly renovations. For other tips on how to remodel a bathroom on a budget, try repainting cabinets or floors instead of replacing them. Touch up or refinish the tub rather than buying a new one, or consider lower-cost materials. These could include swapping wooden plank flooring for high-quality laminate, or using quartz counters instead of granite. Look at buying prefabricated tubs and showers instead of paying a craftsperson to do custom tile work.
If you’re wondering how to remodel a kitchen on a tight budget, a few tips can help you out. If you’re comfortable with your kitchen’s general layout, you can keep costs down with cosmetic upgrades and new appliances. That way, you can avoid more expensive renovations that involve moving walls and appliance hookups. All-new cabinets can be a considerable expense in a kitchen remodel, so if yours are in good shape, consider refinishing or painting them, or swapping the doors or handles for an updated style. Other cost-saving measures include painting existing tile or flooring instead of replacing, and using DIY lighting kits.
An extensive basement remodel can quickly deplete your savings, so if you want to know how to remodel a basement on a budget, these tips can help. Focusing on basement floors, walls and ceilings will give you the most bang for your buck, no matter how you decide to finish or use the room. Doing so gives you the versatility to use the basement any way you’d like, with an attractive, polished look. Another option is to work on only part of the basement, leaving the rest incomplete. With this approach, you can focus on adding a room or two without the expense of renovating an entire basement all at once. For any areas you are not fully finishing, you can use paint to give the space a cleaner look and make it feel more cohesive.
Are you ready to take on your dream remodeling projects and stretch your dollars further? At Hometech Services, we can make your home renovation goals a reality without overspending. We have the experience and expertise you need to complete any remodeling project, no matter the budget. If you’re in northern Virginia, contact us today to schedule your free in-home consultation and get started on your home makeover.
Hometech Services is a top-rated and leading full-service home remodeling company in Northern Virginia. Our team will help you plan, design, execute, and complete your remodeling or construction project. We are committed to completing our projects on time and within budget, ensuring that your experience in working with us is as stress-free as possible.