How can you save on your next home renovation?
Home renovation costs can add up quickly, it’s no longer a secret! So you are wondering: How to save money when renovating your home.
Here are some of our suggestions for easy saving.
You had a budget, but now your very last “while there” is costing you a lot more than expected.
At TexNov, we are committed to customer service. Welcome to our latest blog post that will guide you on how to save money on your next home renovation.
5 Ways to Cut Your Home Renovation Costs
Here are some ways to plan a less expensive renovation, without losing sight of your desired outcome. Saving money when renovating your home is possible with simple changes in your planning.
Going over budget is everyone’s biggest fear when it comes to home renovations. And with good reason.
Cost overrun exception
On the newspaper Les affaires , we discover the story with the Savards:
Philippe Savard and his wife had meticulously planned their budget for the expansion of their house, going so far as to evaluate seven different bids. But an unpleasant surprise awaited them under the bathroom floor, which caused their expenses to jump by $30,000.
“We discovered that the slab was split. It had to be repaired and fitted with a French drain. All our savings went there! says Philippe, a secondary school teacher.
Plan your renovations to save during renovations in 2022
“The crucial point is to properly assess the extent of the work before starting it,” says Ronald Ouimet, director of Réno-Maître services at the APCHQ. “Otherwise, we risk making unfortunate – and costly – discoveries! – in progress. »
Prepare a surprise-proof budget
Even if you follow the essential advice we give you – prepare a cushion of 20% to cover unpleasant surprises, obtain references from contractors and check them, banish the words “while you’re at it” from your vocabulary – it It’s hard not to end up shelling out more than you want. Sometimes, saving will not be realistic, but with our advice on how to succeed with your renovations, you could avoid unpleasant surprises.
With strategic thinking about design, materials and timing, you can cut costs without taking shortcuts. Below, we’ll show you a few ways, from big to small, like choosing a wall sconce over a recessed fixture, or having your paved driveway resurfaced before you tear everything down and start from scratch.
But another universal truth about home improvement is that every little thing adds up.
Is it cheaper to renovate or build a new house?
Would it be cheaper to demolish? “Most customers don’t want to hear those words,” says one building contractor, “but it really has to be taken into account when doing major renovations.
“In one instance, for example, plans for a 1,300 square foot addition revealed that the home’s existing foundation was not up to code and would need to be replaced – increasing the job bid by $30,000. $.
After calculating the numbers, the owners concluded that it would cost as much to update their summer cottage as to rebuild it.
“For a relatively small additional cost,” explains the owner, “we get all the benefits of new construction while retaining the character and ambience of our old home.”
Renovation cost: $570,000
Reconstruction cost: $588,000
Savings: For $18,000, homeowners gained up to $60,000 in new living space, plus improved security and energy efficiency.
5 Tips to save on your next renovations
Increase efficiency, not size.
If you can rearrange and outfit your kitchen for maximum utility, you may not need to have the walls removed to gain square footage. Start by replacing shelves that take up space with 8-inch-wide cabinet-height pull-out drawers, containing shelves for canned goods and other items.
“You get three or more horizontal planes where you would otherwise only have one”, explains an architect, during the site visit.
You can easily shell out a few hundred dollars to outfit cabinets with upgrades like dividers, pull-out pot trays, and lazy susan, but you’ll save many times that amount by skipping the addition you thought you needed.
Cost to expand the kitchen by 200 square feet: $28,000 to $35,000
Cost of custom-designed super-efficient cabinets: $5,000
Saved: up to $30,000
Make your decisions early.
Start prowling the aisles of the hardware store or home improvement center long before the demolition crew arrives at your house. Get a good idea of what you want in fixtures and appliances and what they cost.
If you’re not absolutely specific in advance about what you want, you’ll have to rely on your contractor’s estimate, and their notion of what’s acceptable may be very different from yours. “Ninety-eight percent of the time the allocations are too low,” says Tom Silva. For example, you may have thought of a glass tile backsplash, but your contractor’s bid was for ceramic.
Cost to plan ahead: $0
Cost of change orders along the way: the difference in the price of the item, but also the time lost due to project delays and communication issues
Registered: up to thousands
Buy products made here, for conditions here.
TexNov is one of the only local acrylic coating manufacturers. Before proposing a new solution, laboratory and field tests by experts.
Protecting your home with products made elsewhere can become less expensive to purchase, but much more expensive in the very short term; it only takes one winter to find that the exterior siding of your house, your foundation or your house entrance no longer holds on the surface, so you have to wait until the end of winter to have everything removed to finally do install products designed for our climatological reality.
Do not move the kitchen sink.
What a great idea, relocating the kitchen sink facing the window…but wait, that could come with a hefty bill.
This also applies to the toilet, don’t do it if you can avoid it. To save money during renovation work at home, nothing like prioritizing your work. Prioritize structural work and second, aesthetic improvements.
“That often becomes the biggest chunk of the plumbing price increase,” says This Old House plumbing and heating expert Richard.
If your new layout requires you to move the toilet, take the opportunity to upgrade the plumbing at the same time. “It will save you money in the long run,” says Richard.
Relocating sinks involves changing the plumbing, drilling holes in your floors, redoing the entire plumbing diagram… do you really need it?
Cost to move the toilet more than 3 feet: $1,000 to $2,000
Cost to leave in existing slot: $0
Saved: up to $2,000
Repairing the existing paved surface, rather than completely redoing it.
Should I repair, resurface or replace my asphalt driveway? This is the dilemma. We might tend to tear down and start over, but to save money and make your life easier, why not repair?
You have made an investment to improve the entrance to your home. While as soon as the paving work was completed, everything seemed perfect, over the years the asphalt has become the color of concrete and cracks go from one side to the other of your driveway.
So you begin to evaluate a plan of attack, redo, partially repair or replace your entire driveway to save money when renovating your home.
Asphalt driveways are relatively easy and inexpensive to repair compared to other common driveway surfaces. However, repairs don’t always make the most sense.
Your driveway’s age, usage, extent of repairs needed, and your goals for the driveway will help you decide which option is right for you.
Before having your old asphalt removed, why not maintain it with high-performance products for a fraction of the cost?
For asphalt, as in life, prevention is better than cure!
With early detection and repair of any cracks or holes that develop, your new driveway could look practically new without issue for years. Take a few minutes to detect cracks, seal them using TexNov Crack Filler .
If discoloration is visible and asphalt chips are loosened from the surface, consider resurfacing. Here’s another tip on how to save when renovating your home.
Cost to make a new asphalt driveway of 300 ft²: $3600
Amount to remove asphalt: depending on the state, around $2000
Fee for resurfacing done by professionals: $1500
You don’t have to be a handyman to anticipate and reduce the cost of your next home improvement project. These tips are based on work done by a construction professional. How to save money when renovating your home is meant to guide you through the process of hiring a GC.
TexNov offers solutions that are easy to apply yourself, but nothing equals the results of work done by professionals.
Don’t have a construction contractor? TexNov also takes care of offering them in your region.
Are you a construction professional with no experience using TexNov products? Contact us to participate in the next training session for professionals.
This article “How to save money when renovating your home” has been written with the aim of informing and maintaining our connection with our customer community. The company takes no responsibility for any work done without professional supervision. Your best ally is your family contractor.
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