How to Maximize Your Home Renovation Budget

a calculator and a pen on a table

You’ve finally done it. You’ve saved up, and now you have the money in place for a major home remodel. While you may feel like you have considered all of the elements, it’s important to get the most out of your renovation budget. Here are a few things to keep in mind to make sure the picture that you have in your mind can come to fruition.

1. Focus on the big-budget items.


During home renovation, there are some projects that are going to need more cash and resources than others. Websites like Renovators Blog provide inspiration for tackling those larger changes throughout the household. For example, when conducting a kitchen renovation, cabinetry is king. You’ll want to invest in sturdy cabinets that are functional and stylish. Be sure to consider the layout of the kitchen space before opting for too large or too small of a unit.

If you’re moving into an older home that needs upgrades, you’ll also want to invest in a look at roofing and plumbing. This is a great way to make sure that you’re aware of a greater issue that needs to be handled with some immediacy. You can then find the right general contractor to tackle the project at a fair cost.

2. Consider cost and usage.


As you look to maximize your kitchen budget, you’ll want to make sure that where you spend isn’t done so in vain. If you’re more of a cook, you may want to set aside more financing for a more accommodating stove, or a sturdier countertop that can handle your recipes. Depending on the layout, you’ll want to determine if splurging for a kitchen island is a good idea, or look into other storage space opportunities like a pantry.

Now, if you have set aside part of the remodel for a bedroom, you’ll want to consider how much you spend on furniture. Paying more for a mattress may be in your best interest, but counteract that with spending for a box spring, bed frame, or any additional night table drawers. It’s also about a proper balance to balance your bank account.

3. Don’t be afraid of the little touches.


When it comes to your home’s decor, it’s important to think beyond a neutral color. Now, this isn’t suggesting to paint the house from top to bottom in a bold color, but utilizing it for little touches. Consider budgeting for a backsplash in your kitchen to add some accent to your cabinetry. You may want to opt for knobs that deviate from the color of the cabinet doors.

Accent walls are a great way to make a living room stand out from the rest of the house. It’s part of creating a more modern look that still has that homey feel. Homeowners have even added that accent in with a focus on throwing pillows or throw rugs for the floor to bring that pop of color for a fun little DIY project.

4. Don’t be afraid to ask for help.


While there are certain parts of your renovation project that you may be able to undertake, there’s some stuff that may be better left to professionals. A general contractor can tackle numerous items that you may not feel comfortable dealing with for the first time. These expenses could end up saving you a lot of money from your own errors.

While you and your family may be able to handle parts of demolition, there are locations in the home where you’ll want to avoid causing any damage, such as gas lines or plumbing. The right contractor may be able to take on home improvement so that you are better situated to make the changes you want to and avoid any hiccups in having this renovation project of your dreams come to life.