Are You Spending Too Much On Your Renovation?

Real estate isn't cheap, especially not in major cities like NYC. In fact, the average sales price in Manhattan was $1.9 million for condos in existing buildings in the third quarter of 2017. Instead of purchasing a whole new property to get the look you want in your home, remodeling can help you save money while still creating a perfect home for you. However, remodeling can also be incredibly expensive if you're not careful. Use these tips and tricks for your future remodeling project to save as much money as possible.

Look For Local Help

As much as possible, aim to support local businesses with your ongoing renovation project. It’s estimated that 90% of Americans shop with local businesses at least once a week and as many of 42% of them visit more frequently. Local businesses not only rely on your support to continue thriving, but you can save money by choosing them. Establishing a relationship with your local business can help you save through added discounts - smaller businesses are usually a bit more willing to be flexible on pricing. See these builders that can help you renovate your home and is budget-friendly.

If You DIY, Do It Safely

Tackling home projects yourself can be a great way to save money, especially if you already know what you're doing. You'll be able to skip on labor costs and only pay the cost for the tools and materials you need and don't already own. However, if you do choose to remodel on your own without the help of a local contractor, be careful. It's easy to get hurt while working on home projects. According to a study published in the American Journal of Emergency Medicine, more than one million Americans are injured on stairs every year.

Remodel For Future Savings

When picking out remodeling projects to tackle in your home, make sure you're considering which renovations are going to be less expensive in the long-term. Did you know that only 32% of homeowners are satisfied with their dining room’s design? It’s merely one of the popular rooms that people have remodeled. While some remodeling projects are a bit more costly upfront, they can end up paying for themselves in savings over time. For example, pay attention to how much insulation you're installing when tearing down or moving walls. On average, a well-insulated home will cost 30% less to cool than one with inferior insulation. While these might seem like unnecessary expenses upfront, paying for extra insulation now will pay for itself the longer you have it installed in your home.

Reduce, Reuse, Recycle

Finally, the easiest way to save money in your home remodel or renovation is to go green. While many people see environmental home remodeling as more expensive, it ultimately boils down to three points: reduce, reuse, and recycle. Reduce how much you're buying by making the most of what you already have. If you've got extra paint for your walls, think of other projects where you can use it. Reuse items as much as possible - instead of getting rid of old furniture, give it a makeover with a fresh coat of paint or some new stain. Finally, if you can't find ways to use materials, recycle them into something new rather than sending them to a landfill. You'll cut down on expenses for your remodel along the way, largely because you're buying fewer raw materials.

Remodeling can be incredibly expensive, but these tricks can help you save on your next big home project. With the right resources and information, you'll be able to give your home a brand new look for far less than you might expect to pay. With that in mind, it's also advisable to look for more remodeling tips online, you can find very useful information, on sites like Hardie Boys as well.