Updating your home with modern designs and materials will not only make it look better, but it may also increase the value of your home. However, these renovation expenses can add up rather quickly. According to Home Advisor, the average cost to remodel a house that is 1,000 square feet or less is $18,347.
If you are planning on doing some home renovations, the best thing you can do to save money is do as much of the work yourself.
Here are an additional five ways to save money on home renovations:
Get the timing right
The peak season for renovations is during summer months until mid-September. If you need to hire contractors, it is best to do so during non-peak months. Contractors will be more likely to offer discounts when they do not have many projects going on.
Doing Your Own Demo
Doing your own demolition can also help reduce renovations costs. It is extremely important to use the right protective gear to avoid injuries and to use caution, especially when taking working on walls, plumbing and areas with electrical wires.
Picking up your own material
Delivery fees are expensive no matter where you go. Arrange for another person to help you and use your own truck or rent one for the day. If you are renting a truck, schedule a few pickups to offset the cost of the rental.
Shopping for used gently used material
One of the best ways to save money during a remodel is to hit up resale shops. However, take into consideration that many contractors will not work with salvaged items or materials you buy yourself.
Doing minimal plumbing work
One of the most expensive changes you can make in renovations is moving sinks, toilets and bathtubs. Anything that involves moving the plumbing and drain system will be costly. Plan your renovations around the existing layout to save several thousand dollars.
Before you start tearing down walls, check your home insurance coverage for home renovation coverage. For the most part, general contractors carry a general liability policy but if someone is injured during home renovations, this coverage may not be enough. Contact your insurance agent to review your policy before renovations start to upgrade your homeowners insurance policy if necessary.