02 Mar Affordable Improvements
Home improvements are often expensive affairs especially when it comes to enhancements like structural changes, electrical and plumbing works, additions and extensions, and so on. You can save money on remodeling or other home improvement projects if you follow some of these ways.
1. Plan your project ahead of time and get bids in advance
Most contractors tend to plan out their work months ahead and will not look kindly at being asked to change their schedules for you. They’ll make a higher bid for their work then than if you had booked into their program a few months in advance. Most building trades have busy and slow seasons; plan ahead so that you get cheaper bids on the slow seasons.
2. Pay extra for energy-saving features
With energy prices on the rise, most contractors offer energy-saving features with their work at an additional price. These include higher-efficiency windows, higher-efficiency heating, cooling or other appliances, all of which can improve your home’s energy performance. Compare savings with the cost of installation with an apt payback period of seven to ten years. Investing in these features now will help you save more on future expenses.
3. Hire an architect or designer for an initial sketch
The most expensive mistake you can make on a home improvement project is to build an extension or addition you don’t like after it is completed. Involving an architect or a designer during the initial stages of planning will help you to plan out the space efficiently. Take the help of lots of visual materials to make sure that what you do is in line with what you expect.
4. Do some parts of the project yourself
While the best way to make most savings is to do the whole work yourself, if you do not have time, you can always put in sweat-equity to reduce costs. Consider undertaking labor-intensive tasks such as demolition, cleaning up rubble, digging, sanding trim or painting. Co-ordinate your tasks with the contractor and make sure to stay on schedule to avoid delays and additional costs.
5. Plan future upgrades and prepare financials accordingly
It is not necessary that you have to wait until you can afford it to install the entire addition or improvement feature. You can get a head start on it and keep adding to the work as your finances allow. Make sure to work from a master plan so that you don’t have to go back and tear out something that you have already completed.