The home remodeling process is an exciting one, although it also involves a certain degree of planning and responsibility. Perhaps one of the most important precautions you can take while renovating is to avoid spending significantly more than you had initially planned. Fortunately, you will often find that there are dozens of different models, styles, colors, and materials to choose from, so you are never limited in this sense. Here is a guide to staying within budget while remodeling your home.
The Excitement of Remodeling
A remodel can be an extremely thrilling experience. The sheer concept of taking an old structure or room (e.g. a bathroom, kitchen, basement, etc.) and rebuilding it until it looks noticeably different is exciting to many, and the final result that stems from this idea can be incredibly satisfying. The home renovation industry in the United States has grown substantially in recent years. According to a 2019 report from Harvard University’s Joint Center for Housing Studies, this market grew from $398 billion in 2016 to $424 billion in 2017, approximately a 6.5% increase. The report also revealed that remodeling spending generated 2.2% of the country’s economic activity in 2017.
Helpful Ways to Stay Within Budget
Unless you are only making minor improvements, a home renovation can be costly. According to iPropertyManagement, the average spent on home improvement per owner in 2017 was $6,649. However, there are several tactics you can use to help you remain within your budget when remodeling. Here are four ways to avoid going over-budget.
Basic planning is always essential to help you ensure that the design idea for your home is cohesive. You don’t ever want to end up with incongruous colors or styles anywhere in your home. Therefore, take as much time as you need to map out your vision and compare different options. Then, thoroughly clean the space you wish to remodel.
Start With All-White Paint
After extensively planning and cleaning the remodeled space, begin by using all-white paint for your project. Although white may initially appear like a dull and unoriginal color, it is typically inexpensive and easy to find. Additionally, if applied correctly, white can give your home a fresh new look while simultaneously hiding imperfections and uneven spots in your walls.
Even old homes can have visually pleasing doors and other similar parts that may have simply become rusted, dusty, or chipped over time. One simple way to highlight these doors and features is by painting them a new color. You can choose a vibrant color such as blue or red, or whatever you believe would contrast well with the surrounding shades. For the doors inside your home, you can make them stand out by using various glossy coats of paint for them.
Update Your Old Outlets
Although this may appear unnecessary, updating your electrical outlets can serve as an inexpensive way to upgrade your property. Therefore, take time to see if any of your light switches or outlets (or plates covering these outlets) are painted on, cracked, or yellowed. If you feel hesitant about updating outlets yourself, don’t hesitate to seek assistance from an experienced electrician.
Other steps you can take to help you remain within your budget when remodeling include cleaning or replacing old carpets, rugs, curtains, and other furnishings, painting your cupboards and replacing your backsplash (if you are renovating your kitchen).
Consider A Professional Remodeling Contractor
Speak to the professionals at Monumental Contractors in Chantilly, Virginia for more information on how to avoid exceeding your budget when home remodeling. We are a family-owned-and-operated contracting company that serves the Washington, DC Metro Area. We aim to uphold our core values of quality, integrity, respect, and accountability in every project we undertake. Monumental’s team has extensive experience with bathroom, kitchen, and basement remodels, as well as entire home renovations. We can also remodel accessory dwelling units and home additions such as decks and porches. Regardless of the scope and style of your desired remodel, Monumental Contractors will work tirelessly to ensure that your unique needs are met and that the final result reflects your lifestyle and fits your budget.
At Monumental, we follow a detailed remodeling process that begins with an initial consultation so that you can explain your vision for your project to one of our design and construction professionals. Afterward, you and said professional will sign a design agreement, and Monumental will gather all of your selections for the project (paint colors, lights, flooring, etc.). Following a prep and pre-construction meeting, we will perform a construction and quality check before doing a final walk-through inspection to verify that every aspect of the project has been completed. We also work closely with local architectural and interior design firms. Call Monumental Contractors today at (703) 552-9626 or contact us online for a design estimate or for more information about our services.