8 Ways to Save Money on a Home Renovation 

What are the three words that strike fear in the hearts of homeowners planning a renovation? “Might as well.” Yes, this is the renovation nightmare that can turn your project out of control and drive up your costs . Whether a small glow-up or a gut-job, we’ve pulled together our top 8 tips for saving money and navigating your renovation with confidence. 

1. Plan, Plan, and then, Plan Some More 

First, when you consider undertaking a renovation, ask yourself what your budget is. What are the “needs” in your home versus the “wants?” This will help you with prioritizing and creating a realistic scope. With some due diligence, you’ll be able to determine what’s within your budget before a hammer gets picked up. It’s easier to go over budget than you might think, so it’s recommended to put aside 10% to 20% of your overall budget as a contingency fund for unexpected costs. Being organized and diligent will save you both time and money in the long run.

2. Find a Trustworthy Contractor

A good contractor will not only help you manage your budget and simplify the process, but also has the expertise to help save you time and money. While we recommend getting at least three bids for comparison (if the price is too good to be true, it likely is), we also have tips for how best to choose a trusted contractor – click here to learn more.
studio s

3. Keep to the Footprint

One of the largest expenses in any renovation are structural changes, such as moving walls, digging out the foundation, or putting on an addition. These big undertakings can require permits, specialized trades, and of course, can make a huge dent in any budget. Staying within the space you have, whether in the bathroom (American Standard’s Studio S Collection is configured to fit almost any space) or the kitchen (new hardware, countertops, sink, and faucets can provide a whole new look), can save money while still delivering the wow factor.

4. Do Some DIY 

From extensive tutorials on YouTube to our own DIY tips such as How to Easily Install a Toilet, you can become a home improvement expert just by utilizing the internet. So when should you open your toolbox, and when is it better left alone? Painting, clean-up, and some of the planning work is all doable. You can also learn best practices in design and landscaping.  However, where you might run into trouble are areas that either require a well-honed skill (plastering, bricklaying, and tiling will show if the work isn’t done well) or areas that carry risks, such as installing windows, electrical and demolition. If you’re not licensed, leave the electrical work to the pros. 

5. Take Your Time

Once all the numbers are put into the budget, you may discover that you need to take a phased approach to your renovation, beginning with 1-2 rooms at a time. While the urge might be to check off all the items on your wish list, there are many less expensive upgrades and high-quality enhancements that can make your house look and feel fresh, such as a new bathroom sink, toilet, and fixtures (discover how to choose your faucets here).

6. Consider Long-Term Savings

Looking for a return on your investment? Think about installing water-saving faucets, toilets, and showers that will not only help save on your utility bills but will also help the environment. American Standard’s collection of high-performance plumbing fixtures are highly recommended for their power, efficiency, and beautiful design. Choosing timeless designs can save you money in the long run, such as the classic design of American Standard’s Estate Collection, a bathroom lineup that will remain an elegant and timeless centerpiece in your home.

7. Choose Materials Wisely

There are so many different materials and finishes to choose from. In looking at new materials, consider lookalikes, products that give the same feel as the aspirational one, but fall within the budget. As well, how you finish something will affect the cost, such as opting for the less expensive option of painting versus tiling. If you’re going to reuse materials already in your home, as mentioned, paint and hardware can go a long way, and, whatever you aren’t using, consider listing it for sale or donating to an organization such as Habitat for Humanity.

8. Mix High and Low

When trying to save money, it’s key to consider the idea of balance. What’s going to give you the biggest bang for your buck? For example, in the shower area, why not use low-cost tiles on the walls and then splurge a bit on the smaller shower floor? Or in the kitchen, purchase inexpensive cabinetry but spend on high quality work surfaces that add a luxurious feel and stand-up to everyday wear and tear. As well, your hardware and faucets are the jewels of the home and are easy ways to elevate any space. A matte black faucet like the Lez Single Hole Bathroom Faucet or a high-tech fixture like the Avery Touchless Pull-Down Kitchen Faucet, instantly add interest and style with a simple update.

Doing a renovation can be a stressful and costly undertaking, but with a wide array of high-performing, well-designed, and long-lasting plumbing fixtures and faucets, American Standard is here to help simplify and beautify your home. To learn more, visit us here.

Related Posts:

The Top Fixtures for a Modern Bathroom

The Top Fixtures for a Modern Bathroom

5 Ways to Make an Old Kitchen Look New
5 Ways to Make an Old Kitchen Look New
10 Signs It’s Time to Remodel Your Bathroom
10 Signs It’s Time to Remodel Your Bathroom

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