Whether you’re looking to increase your property’s value in order to sell or you just think the place could do with a bit of an upgrade for your own benefit and that of your family, a refurb is always an exciting prospect.
However, major changes to your home are rarely cheap – plus, if you’re hoping to turn a profit on your property, you need to make sure that you’re not going to spend more than you’re likely to make!
With that in mind, here are a few easy tips from Property Solvers – experts in selling your home quickly – to help you save money when giving your home a makeover, however large or small-scale it may be.
It’s easy to get carried away when planning changes to your home, but if you’re on a tight budget, it’s important to ask yourself if all of the work you have planned really needs to be done.
There may be features of your home that are perfectly serviceable but just need a lick of paint or a good clean.
For example, don’t give up on your old carpets just because they look a little discoloured – try a freshener powder or another deep cleaning substance first. They may end up looking like new and saving you a great deal of money!
You also need to look closely at the schedule you have planned for your refurbishment. Doing it in smaller bits and pieces over time may seem to be a smart way to spread the cost.
However, this may actually result in your bills growing – with multiple visits from plumbers, electricians, plasterers and other specialists required. Be smart and try to arrange for similar jobs to be undertaken at the same time to prevent unnecessary costs.
Recycle and Upcycle
Wobbly, old fashioned fittings and furnishings? Your immediate reaction should not be to just throw them in a skip! Tighten bolts and screws, strip or sand back finishes and repaint or varnish them to match your brand-new theme.
Anything and everything that you can reuse or repurpose will save you a little cash here and there, so as tempting as it is to scrap everything and start again, try to be savvy with what you keep hold of.
If an item is still in great condition but you don’t think it will go with the intended new look of your home, why not list it for sale online? This way, you can make a little money back to spend on home improvements.
Do it Yourself or Enlist Help
While you’ll definitely need to call in the professionals for any electrical and gas–related jobs, it’s perfectly possible to do a great deal of the work on your home yourself.
There are a number of superb free DIY guides and tutorial videos available online, meaning your can learn how to plaster a wall, how to hang or door, and many other things. So as long as you do your research properly, you may be able to save quite a lot of cash. Just make sure you take your time and wait until you are totally confident that you know what you’re doing. Mistakes can be extremely costly to put right!
Another option is to find friends or family members to assist you. It’s always an added bonus if they have experience of building or labouring – plus, they may be able to help you access materials at trade price if this is the case – but any spare pair of hands will serve to make your life easier!
Find Affordable Alternatives
Take your time when searching for materials and furnishings for your property; the first thing that catches your eye may not be the most affordable, and there might be cheaper options of equal quality on sale elsewhere.
Be sure to compare prices and look for sales where you can. The exact same product may be on clearance at another outlet. However, be careful not to invest in something that will fall apart – looking at reviews, requesting samples or visiting stores in person will help you to gauge the real standard of the items you are considering.
Buying in bulk can save you money too. Many DIY outlets will deliver for free if you request over a certain amount, or they may knock the price down on a larger order.
Don’t be afraid of looking for secondhand goods. There are numerous sites online including Gumtree, Ebay, Preloved, Freecycle and many others that allow people to list items cheaply or for free. You should try to take advantage of this in order to grab a bargain!
Try to arrange to look at everything in person before you commit to buying it. That way, you can properly examine the condition and consider the potential for restoration if required.
Some people may even have brand new materials such as joists, flag stones, tiles and carpet available for sale if they have ordered too much for their own refurb project.
Kitchen fittings, windows, electricals and much more besides may be available on 0% finance. This means you can have them fitted and continue to pay them off without immediately being charged interest.
This is a useful way of obtaining big–ticket items without needing to have all of the money available up front.
However, you should always be very careful when deciding whether to do this or not, as racking up too many different repayments can get you into significant debt. You need to be sure that you’ll be able to comfortably keep up with repayments before you commit to this approach.
The best way to ensure that you keep on top of your spending when refurbishing a property is to set a firm limit and to diligently record every expense as and when it is accrued.
Following the above steps – prioritising, recycling, taking on the work yourself, seeking cheap alternatives and looking into the prospect of finance – will help you to stay within the constraints you have given yourself.
This will help you to ensure a very good profit if you are selling your house. Otherwise, you can simply sit back and feel satisfied with the beautiful new condition of your property, without any painful financial hangover from work that has cost an arm and a leg!