BudgetingFinancial LiteracyFinancial Success

3 Easy Ways To Save Money When Doing Home Renovations

With the recent COVID-19, we have all been spending more of our time at home. As we sit in our houses, we begin to think about all of the things we want to do. It could be as simple as adding some new decorations to as much as a complete remodel. Whatever it is, it will likely cost you some money to complete. If you are like me, and sticking to a budget, there are a few simple things you can do to mitigate some of the costs.

1) Refurbished, Recycled, Reused

When looking into incorporating something new into our homes, we check out new things first. The current items are the ones that are the most appealing. There is also an added bonus of not having to mess with anything yourself. Instead, you can buy something used or recycled for repurposing. Take something cheap and make it look like it is brand new or much more expensive. You can save so much money taking this approach.

2) Helping in the labor or doing the labor yourself

Having done a side job last year, I know first hand labor is one of the largest costs to building something new. For example, imagine you wanted to add a pool and update your backyard. The costs of the labor will be very high. Now, unless you are capable of building a pool yourself, you should leave it to a professional. However, if updating your backyard is something you can do, it could save you a ton of money. You might even be able to save money on materials as well if you can find better prices.

3) Offering trade

Recent changes in society and the job market has altered the dynamic of the way some of us live. Trade has been growing on places like Facebook or Craigs List as an alternative to actually paying for something. If you are skilled in something you might be able find someone would can perform a job for you if you perform a job for them. For example, I could help someone with their taxes if they are able to clean my roof (I don’t like heights).

Being smart during this time can still allow you to update your homes and lives, regardless of the stuff going on in the world around you.

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