When my husband and I were recently renovating our front entry, we made sure to look for ways to save money without sacraficing quality.
Here are a few ways we have saved money:
1. I painted the door and frame myself. To colour match our door and have the frame arrive pre-treated, it was going to cost us over $1,000 more. Personally, I felt that was outrageous when it was something I could do myself. I have painted many things over the years and consider myself knowledgeable in this area. Make sure you do your product research first!
2. Try to be flexible with your time. Almost all trades charge a premuim rate for off hours work. If you can coordinate to be home for service during regular business hours you will keep the necessary services at a reasonable rate.
3. If you possess the capabilities to complete the renovation yourself, do it! However, be honest with yourself. There are some things (plumbing, electricial, etc) that should be done by a licensed professional.
4. Pay cash!!! I will sing this from the roof tops over and over again! Stay away from “Buy now, pay later” or the dreaded credit cards, in the end the renovation will cost you way more than it did originally. If you can’t afford to pay cash, question if this is the right time to be completing the work or if you can truly afford it. If the work is necessary pull from your emergency fund, something every home owner should always have! ZERO excuses.