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Want an energy-saving appliance, but can’t shell out the money for it right away? Beware of paying for it with credit, because the cost of your interest payments will undo the money you’re saving on utilities. But if you do have the cash for an energy-saving appliance, you’ll eventually see the return on your investment after years of lower utility bills.
One of the simplest, most cost-effective improvements of all is paint! Freshly painted rooms look clean and updated — and that spells value. When selecting paint colors, keep in mind that neutrals appeal to the greatest number of people, therefore making your home more desirable. On average, a gallon of paint costs around $25, leaving you plenty of money to buy rollers, painter's tape, drop cloths and brushes. So buy a few gallons and get busy!
If you are decorating/renovating your house then you are probably trying to de-clutter and maximize your storage as well. Utilizing your kitchen to its maximum capacity can help you minimize your storage problems. In order to do this on a low budget you can either DIY kitchen cabinets or storages from recycled material at your house, or take advantage of thrift shops in your area.
I recommend starting with one or two rooms and finishing those before moving on to other areas. For one thing, most people find it difficult to finish a project before moving onto the next thing. Prioritize what will be the most intensive project and do it first, otherwise it may drag on for years! If you force yourself to finish one project before beginning another, you won’t have to live in a house full of unfinished rooms. Also, from a budget standpoint, beginning with only one or two rooms is smart because if you run into unexpected expenses, you can deal with them without having to halt work, take out a loan, or make huge compromises in other spaces.
Shop around quite a bit before hiring professional help with your project. Elsie has mentioned that in order to save money, she didn’t use a general contractor initially when renovating her home. This ended up causing a lot of stress because of all of the organization involved with using different skilled workers in a project. You should check out the post she wrote about renovation mistakes, especially the parts about hiring out help. I don’t have too much experience with that aspect of home renovations, though I did hire someone to lay the stone veneer for our fireplace and also hired a crew to do some subfloor work and drywalling when I was too busy to do it myself last summer.
However, if you’re considering a home renovation, think practically about what you can and cannot do; painting the walls of a small bathroom may be totally feasible by yourself, but painting all of the walls of a 4,000-square-foot house is likely less so. While you may think you would be saving a lot of money by doing the work yourself, if it is something unfamiliar, it might cost even more to have a professional undo and then properly complete the project.