Your home is the most sacred place, so you need to take good care of it; probably you’ve been living in the same old house for ten, fifteen, or even twenty years. It might be homey, but it could also start feeling boring and limiting. Whether you’re renovating an old home or starting from scratch, it can be expensive. Budgeting your spending is key to keeping financial obligations under control.
Here are some tips to help you save money on house renovation costs in the Philippines while giving your home a new look.
Plan your budget
Before you start renovating your home, make sure you have the necessary components set up with the money in place. This saves headaches and money down the line. Start by setting aside a contingency fund for work that may be needed after completing the project. Consider putting aside an additional amount from your budget for unforeseen expenses.
Which room you want to turn into a home office is also essential. It could be an existing room, like the bedrooms in case your guest house has been converted into living quarters, or a separate space rented out, like an empty garage. Then identify all the pieces you need to furnish, including furniture, kitchenware, appliances, and other amenities such as accessories and electronics.
You can also get close to a home renovation cost breakdown by listing all the necessary materials, tools, and equipment. For example, screwdrivers, spray paints, ladders, and drills should be listed under the expenses column. This will show you how much money you have already spent in this category. Get quotes from various contractors to understand how much everything will cost. Your budget should consider what type of materials you need for your renovations and labor costs.
Start planning ahead of time
A renovation project can be time-consuming and expensive, so it’s essential to have a plan. Make sure that there are no unnecessary delays or expenses by creating a timeline and breaking it down into smaller tasks that can be completed each day or week. This will ensure everything is done within the allotted time and plan.
The best way to avoid unexpected costs is to provide all the necessary information to your contractors so they can fully understand what you’re asking them to do and any expectations you have during the project. From specific features to be included in the design to what materials will be used for a successful renovation, it’s essential to start planning early and remember about energy efficiency!
Plan and discuss your budget with your contractor
Communication and collaboration are what separate professionals from amateurs. Your contractor should be able to provide you with all the information you need, so ask your builder or contractor for cost breakdowns of materials, labor, and fees.
Most importantly, be open to collaborating with your remodeling contractor on ideas that will help the entire process effectively. For example, if your budget allows for it, ask about buying used flooring at a lower cost rather than new. It helps your renovation budget stay within its original boundaries while providing better value.
When planning for your budget, you can have funds for the project. However, you can also have home equity loans and home improvement loans if you have the budget for monthly payments. This loan is one of the unsecured personal loans that banks and lenders offer. But if you can do a monthly payment, it is best to talk to your contractor for better options.
Find where to shop for home decor/furniture
Going overboard and spending too much on furniture is one of the most crucial mistakes homeowners make. Yes, quality furniture is not cheap, but you should only pay part of the fortune for a cabinet or a coffee table. On the other end of this is buying cheap furniture with lower quality because of the idea that you can save more.
Buying cheaper furniture might do more harm than good for your family room in the long run. Low-quality furniture is more prone to damage, and you would have to buy another one after a while. The best way to save money on furnishings is by purchasing high-quality items at surplus shops, flea markets, and online shopping. Or better yet, you can buy high-quality furniture at reputable stores like AllHome.
AllHome is the one-stop shop for all your homemaking and renovation needs. This store located in your nearest Vista Mall has everything from appliances, furniture, plumbing, handicrafts, and other items needed in your home. The good news is that every new Camella homeowner receives an AllHome gift certificate upon purchasing a Camella house and lot.
Do small DIY home renovation project
To start home improvement projects, you need to know what you can do yourself and what requires professional assistance. Some tasks are easy and inexpensive, while others cost hundreds or even thousands of pesos. Renovating a home can be time-consuming, but you don’t need professional help for all the tasks involved. If you have the essential tools and some enthusiasm, you can take control of your project.
Use and retain old furniture
Home renovation can be an excellent opportunity to update your space, but it doesn’t have to mean a complete design overhaul for home renovations. There are many ways to improve the look of your current plumbing and electrical systems while saving money.
When it comes to drains, you can keep old drains and only replace the ones that need changing. On the other hand, you can reposition old light switches and outlets to accommodate a more significant number of plugs.
Sell unused items
Selling unused items online or through garage sales is an excellent way to eliminate the new furniture in your home while making more money. The money you get from selling old items can then be used to fund your home renovation. As long as you’re selling pre-loved items that can be used, there will be buyers.
Renovating an old home can leave a hole in your pocket. However, there are ways to lessen the expenses in your home renovation projects. Another way to save you from the challenges of home renovation is purchasing your own home.
Have your Camella House and Lot Today
Starting from a clean slate and buying a house and lot is an option for those with sufficient funds. If you are looking for a house and lot in the Philippines, a home in Camella is a wise investment.
Camella communities provide a gated community with roving guards and 24/7 CCTV security for safety and security. Camella has world-class amenities such as green spaces, basketball courts, and swimming pools that increase your property value.
For 45 years, Camella has been the trusted real estate brand in the Philippines. Come home to your trusted Camella communities and build new experiences with your family today.
