Once you start thinking about the renovation of your home, you also start worrying about your budget. Unless it’s unlimited, you should plan your budget very well so you don’t end up overspending and getting yourself into further trouble. Renovating your home can get expensive if you don’t set priorities and make a strategy for your expenses. So, if you don’t know where to start, this guide will help you out. You will find out what are the most expensive rooms to renovate, so you can see what are your priorities and what can fit into your renovation budget.
There’s a good reason why the kitchen is one of the most expensive rooms to renovate. It’s the place where the family spends most of their time. A lot of meals and snacks later, it’s time to give this space a new shine. However, many homeowners are surprised by the costs of this project, even though it levels up the property’s value. The thing is that there are different aspects of kitchen remodeling, and each of them can cost a lot. Things that cost the most in every kitchen are:
new appliances – modern kitchens come with all sorts of smart, new-age appliances that certainly aren’t cheap. Even though these make cooking a lot easier and more interesting, they will take a lot of your budget.
countertops and cabinets – depending on your final goal, kitchen cabinets and countertops will vary in price. Even though you can go cheap with some stock items, getting a unique kitchen will cost you a lot more. High-quality materials and modern finishes that are custom-made will surely increase the price. So, once you pick the style, also be sure to inform on the price ranges for various materials, types of wood, etc.
updating the water/electricity system – new appliances and a new kitchen may require you to update the electricity and plumbing systems. From adding new lines to replacing the old ones, these tasks can cost a lot, as this is something you can’t DIY, but you need to hire a professional to do it well.
However, this information doesn’t need to scare you. It’s all about priorities and smart choices. Depending on your budget, you can easily opt for budget-friendly solutions for your kitchen or spend more. Renovated kitchen will certainly look good in both ways, just e sure to focus on safety and quality.
It’s no wonder why kitchen is one of the most expensive rooms to renovate. alt.tag: a renovated kitchen
Depending on the size of your bathroom, you can spend thousands of dollars on renovation. Actually, the average costs of renovating a bathroom are about $12,000, which can go even higher for more exclusive options or higher prices in your area. Master bathrooms tend to be quite large, which is why it costs more to renovate. There are several jobs that you’ll need to pay to get done – demolition, plumbing, electricity tweaks, painting, making of cabinets and countertop, tiling, etc. These add up to a pretty high price. Luckily, there are ways to avoid spending more than planned. However, always set your priorities, as some tasks shouldn’t be cut from your budget plan. A reliable contractor and skilled handyman are essential, as well as safe plumbing and electricity work.
Another part of your home where your family spends most of their time is the living room. The space is often quite large, which is why renovating can be a both financial and logistic problem. However, you should make a difference between renovating the living room for completely changing the looks and purpose of the room and remodeling the space to make it look better. Renovations often include getting rid of a wall, demolition of the floors, etc. In that case, be sure to trust a professional to help you maximize the space and make it more useful. Furthermore, re-wiring of the outlets is a good thing to do in case you need them in more practical locations. Luckily, there’s no plumbing, but you may have to deal with window/door replacement, changing the flooring or the ceiling, etc. Start planning the project and see which of these tasks is necessary and manageable to do.
Tiles, colors, finishes, materials – a lot of details to consider before starting a renovation project. alt.tag: renovation choices
Ways to spend less on renovation
Information about the most expensive rooms to renovate may sound scary. Fortunately, there are ways to make it easy and actually save on renovation costs. Here are some tips on how to reduce your expenses while making your home better.
Stick to your plan and budget
Many times homeowners will underestimate the power of organization, planning, and budgeting. The renovation costs will quickly go up if you’re not careful. These projects can unexpectedly take more time and also cost more as complications are the reality of almost every renovation process. However, if you don’t stick to your budget, these costs can go even higher.
Don’t start multiple projects at once
In case you decide to renovate multiple rooms at your home, it may seem like a good idea to finish everything at once. However, due to the unpredictability factor, this can become a step too big for you. That’s why it may be best to take your time and don’t start a project before finishing the previous one. Start with the room that is the top priority, and then continue to others.
If possible, try to do some tasks by yourself. DIY projects can be significantly less expensive, and help you save a lot. However, be sure you can do something before you start it. DIY projects are also riskier, as homeowners are generally not experienced professionals. Therefore, do tasks that are not too difficult or risky, and leave the other jobs to reliable pros.
DIY may be more affordable, but also riskier. alt.tag: a plan of one of the most expensive rooms to renovate
It’s true that very often renovations include some of the most expensive rooms to renovate. However, think of it as a smart investment, especially if you’re renovating to sell the property.