Home Construction Costs You Need to Consider When Renovating: How to Save Where You Can

Looking to renovate your home this winter, but nervous about sticking to your budget? You’re not alone. Many homeowners discover that the small things can really add up during a home makeover, inflating the price tag considerably. The good news is, with some careful planning, and some helpful tips, you can have your dream home that won’t break the bank.

You Don’t Need New Windows to Brighten Up Your Home:

It’s natural to want to add more light to your home, but the cost for new windows could easily blow your budget. The good news is, there are definitely more cost-effective methods of brightening your surroundings than installing new windows. Our friends at Build.com, for example, have a great selection of light tubes, which, when installed between roof rafters, can funnel the natural sunlight right into your home. With prices starting around $200, you’ll be saving a bundle.

Recycle, Recycle, Recycle!

Once you’ve removed any old fixtures and materials, set them aside and contact your local Habitat for Humanity. Their ReUse program will gladly come take your discarded items off your hands. You’ll not only be doing your part to save the landfill, but you’ll also be giving back to a good cause (and you can claim a charitable tax credit for your donation, as well).

Think Efficiency Over Expansion:

Before you go gutting your walls to create more room in your kitchen, first examine where you might be able to save on some much-needed space. Shelving, for example, can be a major culprit in zapping up space. Go for handy cabinet-height pullout drawers instead. Be sure to check out the plethora of choices that Build offers in this category, starting at around $50. With typical shelving, you’re limiting yourself to just one horizontal plane in which to store your canned goods and other necessities, whereas with these pull-out drawer options, you’re getting at least three. There’s room for a lot of savings in this category.

The Bottom Line: Only Spend on Renovations that Will Yield a Return on Investment

This one is key and has great long-term value. But how do you figure out where to spend that will allow for that ROI you’re looking for? Start comparing home prices for those with and without upgrades, then seek out estimates for making the renovations you’re after. Then you’ll have some solid backing on what’s worth the spend. Be strategic and forward thinking about your home renovation. Arm yourself with a plan for how you’ll pay for it, and what upgrades will give you the most bang for your buck. Do that, and you’ll be well on your way to a home that will only increase in value in the years to come.

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Heather Gautschi

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