There’s no better time than spring to take on a big renovation. The sun is shining, the days are longer, and the humidity of the summer hasn’t arrived yet. They’re the perfect conditions for rolling up your sleeves and getting down to business. But before you can start your springtime renovations, you need to make sure your budget is similarly prepared. Don’t let your aspirations with the hammer run away with your finances. Keep things well within your budget by following these sensible tips.
First things first: have an actual budget
You need to go over your finances to know exactly how much extra cash you have on hand to put towards your renos. Financial advisors suggest tracking your expenses for at least three months. This helps you map harmful spending habits that leave your wallet chronically empty. If you notice unnecessary expenses like daily coffee or takeout litter your budget, use a guide to saving money to help eliminate these habits from your life. This guide will not only help you find the motivation to keep to your new frugal lifestyle, but it will also help you identify other ways you can introduce saving into your life.
Create a plan
Though it may feel cathartic to take a sledgehammer to the ugly tile in your shower, this spontaneous approach to your reno can do more harm than good. Like any big event in your life, it’s important to organize your renovations with a thorough plan. When you have a strategic list of jobs you want to take on this spring, you’ll have a better understanding of how much money you’ll need to complete them successfully. Once you have a basic list of what you want to accomplish in your home, break each item down into actionable tasks. This exercise forces you to anticipate the stages of every job, so you can avoid unexpected delays or costs.
Prioritize your renovations
Once you have an idea of the steps and costs of each project, you should list them according to function or need. It’s all too easy to use up your budget by taking on unnecessary improvements. While ripping up your old tile floors to lay underfloor heating coils is a trendy addition to modern homes, it can be expensive. Doing this job first leaves less money to use on practical updates, like new wiring or plumbing that brings your home back up to code.
Source your reno with a recycling center
You can shave off considerable costs by sourcing materials from a recycling center like Habitat for Humanity. Their stores have salvaged building materials, fixtures, and furniture, many of which come straight from retailers that can’t sell end-of-line products due to minor imperfections. Not only can you save a lot of money by using their reuse centers, you’re also doing something charitable. By purchasing repurposed or reused items, you’re reducing waste in your local landfill. Meanwhile, proceeds go towards Habitat for Humanity’s building initiatives.
Though the time might be right, the budget may not. Don’t take on spontaneous renovations this spring without checking if you can afford them. Use a savings guide and tips like these to make sure your plans match your finances.