So you’ve lived in your home for a few years and daily living has brought to light that something in your home needs to be redone. Could be a large project, could be a small project but one thing is for certain; you don’t want to spend money that was loaned to you from the bank to increase the value of your home. There are ways you can save for that next home renovation smartly; there are also ways to save money on the renovation before it happens.
Start a dream jar
This oldie but goodie is a great way to start saving! Put a photo of what you’re dreaming your home will look like on the outside of the jar and start feeding it when you have the extra money. It’s a universal truth that whatever you focus on will happen. Having the jar in a high traffic area will constantly remind you of what you are saving up for.
Set specific money aside
When you get your paycheck, start putting a certain percentage away for the remodel. If you put it in a separate account and forget about it you will see how quickly this can add up over a course of time.
Maybe you have some things that you could sell that would help you start putting money away. When you remodel you typically have to move things around any how, so it might be a good time to start getting rid of some things you don’t use any more. With the invention of craigslist, ebay and other online stores, you can almost always find a buyer for your goods
Do your own demo
There is nothing like swinging a hammer through sheet rock. Prying nails out of old 2×4’s and knowing that your saving hundreds (if not thousands) of dollars on doing the work yourself. Remember to hydrate!
Hit the second hand stores
In West Michigan we are lucky to have plenty of Habitat for Humanity – ReStores around. These are awesome when it comes to saving money for your project. They have a little (and a lot) of everything and the money you save really adds up.
Imitation is the best form of flattery
Sometimes it’s okay to get the look alike facets & fixtures. They look stunning and will save you a lot when it comes time to check out.
Regardless of how you save for and on your next home project, you’re thinking smarter when you consider doing the work yourself, but make sure to leave the structural, electrical and plumbing to the pros, because if you mess any of those up the money saved will be small compared to the cost of fixing it should you mess something up.
If you have questions about how a home remodel could increase the value of your home, feel free to call one of our agents to find out how they could help in your specific case. (616) 288-3244