Need to spruce up your place but don’t want to blow the budget? Try out some money saving tricks when tackling those home repairs! From searching for deals on materials and looking into DIY options, there are lots of ways you can cut costs without cutting corners.
There are a few ways to save money when you need to make repairs at home.
1. Do it yourself – If the repair isn’t too complicated, you may be able to tackle the problem yourself. Doing it this way can save on labor costs, as well as the cost of materials if you already have them in your home. Take care when attempting repairs requiring technical know-how, and consider consulting a professional for more difficult tasks.
2. Shop around – When shopping for the repair parts or materials needed to complete your project, shop for the best price. Compare prices from different stores and online vendors to get the best deal.
3. Take advantage of sales – Keep an eye out for seasonal deals on materials from retailers. Also, watch for discount days at stores like Home Depot or Lowe’s that may offer discounts on bulk purchases.
4. Look for second-hand options – Search for used materials or parts that can be used before buying new. You could also look for gently used furniture or fixtures for your home.
5. Buy generic – Whenever possible, buy generic brands to save money on the cost of materials. Generic products often come with a shorter warranty but you may be able to save enough money to justify it.
What renovations decrease home value the most?
One of the biggest mistakes homeowners make is investing in renovations that don’t add to the overall value of their home. Renovations that decrease a home’s value include projects like overly expensive landscaping, major design changes, or low-quality materials. Other costly renovations that may not increase your home’s value include:
- High-end kitchens and bathrooms that are over-the-top for the area
- Adding a swimming pool or other luxury amenity without assessing buyer needs
- A home addition with poor design, materials, or construction
- Overly extravagant outdoor spaces that don’t match the rest of the home
- Interior decorating trends that are too modern for the area
- Doing major plumbing or electrical work that isn’t up to code
- Low-cost materials that don’t stand up to wear-and-tear
When it comes time to sell your home, make sure you invest in renovations that are most likely to increase its value.