Renovations That Save Big!
Owen Murphy
| 21-02-2025
· Science Team
Renovating your home can transform your living space, boost its functionality, and add a touch of personal style. However, these benefits often come with a hefty price tag. The cost of a whole-house remodel can range from $20,000 to $100,000—a serious investment for most homeowners.
Even with proper financing and careful planning, it’s natural to feel the pinch when writing those big checks. Luckily, there are practical ways to reduce costs without compromising your vision.
1. Take Charge of Demolition Yourself
Why It Works: Hiring professionals for demolition can cost several thousand dollars depending on the scope of the work. Fortunately, this is a task you can likely tackle on your own.
What to Do:
Equip yourself with safety gear, including goggles, gloves, and a respirator.
Carefully remove items like cabinets, floorboards, and drywall.
Save labor costs while getting hands-on with your project.
2. Be Your Own General Contractor
Why It Works: General contractors typically add a 15-20% markup on top of the total project cost. Acting as your own contractor eliminates this expense.
What It Entails:
Hire and coordinate subcontractors (plumbers, electricians, etc.).
Manage permits, inspections, schedules, and material deliveries.
Oversee the project to ensure things run smoothly.
3. Source Materials Yourself
Why It Works: Contractors often charge for sourcing materials, and their selections might not prioritize cost savings.
How to Save:
Shop around for sales, discounts, or alternative options that suit your budget.
Take control of what goes into your renovation and potentially save hundreds—or even thousands.
4. Phase Out Appliances Gradually
Why It Works: Replacing all appliances at once can add several thousand dollars to your renovation budget.
What to Do:
If the existing appliances are functional, hold off on upgrading until later.
Replace appliances gradually when discounts or sales arise.
5. Negotiate Discounts and Ask for Perks
Why It Works: Many vendors offer trade discounts or special deals to certain groups.
How to Leverage Discounts:
If you have ties to the construction or real estate industries, ask vendors for trade pricing.
Contractors may share their discounts with you or allow you to use their license for savings at hardware stores.
Final Thoughts
Lowering renovation costs doesn’t mean sacrificing quality. By taking a hands-on approach, planning strategically, and seeking opportunities to save, you can make your renovation dreams a reality without breaking the bank. Which of these tips are you excited to try? Share your thoughts!
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