Renovating Your House on a Budget - Cheap Makeover Ideas (2024)

Renovating Your House on a Budget

Renovating Your House on a Budget - Cheap Makeover Ideas (1)

Renovating Your House on a Budget – simple tips

Doing up a house can be notoriously expensive, with lots of surprise costs, delays, and last-minute changes. It’s important to have a clear roadmap through the project, so you need to budget very carefully indeed. If you need any help with budgeting, a visit to Creditfix for advice is a good idea.

Even when you have a reasonable budget, you should always look for savings and when it comes to renovations, there are a few ways. Here’s some of the better ones.

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Not using an architect

Not every renovation project needs an architect, especially internal remodelling projects. If you’re really on a tight budget, then drawing up the plans yourself is possible, as long as they hold all the information and follow the format required by your planning department.

You could use a draughtsperson to draw up the plans, but make sure they have the right indemnity insurance. You might even find that your building contractor can draw up the plans.This is a great way of renovating a house on a budget.

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Being open-minded about suppliers when Renovating Your House on a Budget

It’s easy to be swayed by slick websites and expensive-looking brochures, as well as believing that a bigger supplier will be able to provide you with cheaper fittings. This isn’t always the case, so keep your design ideas at the forefront of your mind and don’t think too much about who fulfils them.

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Pin renovating your house on a budget for later

Renovating Your House on a Budget – Be your own project manager

You can save quite a bit by being your own PM; this means you select and engage the suppliers and contractors, as well as decide which tasks and jobs you do for yourself. While you’ll certainly save money, you’ll have to spend a lot of time on the build; often more than you imagine.

Don’t feel you have to outsource you can totally be your own boss when renovating a house on a budget

Don’t feel too loyal to any one supplier when renovating your house on a budget

It might be quick to source all your materials and fittings from one place, but it’s not always cost-effective so taking the time to shop around pays off. For example, if you’re renovating your kitchen, you might find that sourcing your appliances and units from two different suppliers is cheaper than getting them from the same people.

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Get several quotes

Quotes can vary by several hundred pounds, so you should always get at least three. Make sure you look at contractors and suppliers that your friends and family recommend and remember – the cheapest isn’t necessarily the best.

A rustic or unfinished look can work if you are Renovating Your House on a Budget

Exposed brickwork is very popular, which means you don’t need a professional plasterer. If the trends change, you can “finish up” a few years down the line. This is only advised for internal walls, though.

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When renovating your house on a budget: Reuse and recycle

If you’re knocking down an old outbuilding as part of your plans, see if you can use some of the bricks, roof slates or flagstones in the re-build or elsewhere.

Find the perfect blend of mid-range, cheap and high-end

You can get some very serviceable mid-range cupboard “bodies” and bring them up with more top-notch countertops and handles, for example. Another great way to keep costs down is to buy ex-display units and counters.

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Make space for out-of-the-blue bargains when renovating your home on a budget

Sometimes you get lucky and drive past a reclamation yard or a showroom that’s having a clear-out and you see the countertop or set of Victorian radiators. Unfortunately, you don’t have space to store them safely and you have to pass them up. Don’t let this be you; clear a corner of your garage or even hire a storage unit in advance.

Renovating Your House on a Budget – Doing it yourself

If you’re a dab-hand with a paintbrush or you love tiling, then you can trim down your spends by rolling up your sleeves.

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Don’t be scared about Renovating Your House on a Budget – it can be so much fun and such a creative endeavour and remember you can find loads of DIY tutorials on YouTube

Further reading on Renovating Your House on a Budget

How to plan a home renovation project

And how about this project! Wow

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Renovating Your House on a Budget - Cheap Makeover Ideas (2024)

FAQs

Is $200 K enough to renovate a house? ›

Average cost to gut & remodel a house. The average cost to gut and remodel a house is $100,000 to $200,000, depending on the square footage and age. Gut renovation costs $60 to $150 per square foot and includes demolition, structural improvements, new electrical and plumbing, new roof and HVAC, appliances, and finishes ...

How to update your home inexpensively? ›

7 Affordable Updates That Add to Your Home Value
  1. Make basic repairs. Don't let that torn screen door or leaky window drive you crazy for years. ...
  2. Paint. ...
  3. Install new floors. ...
  4. Spruce up your ceilings. ...
  5. Update fixtures and hardware. ...
  6. Add low-cost landscaping. ...
  7. Go green.

How do I redesign my house on a budget? ›

These renovations can be done in multiple rooms for an inexpensive but transformative effect on your house.
  1. Interior Painting. ...
  2. Refinish or Recoat Hardwood Floors. ...
  3. Incorporating an Interior Design Theme. ...
  4. Replace Appliances. ...
  5. Complete a Cabinet and Drawer Makeover. ...
  6. Replace Countertops. ...
  7. Redo the Backsplash.
May 24, 2024

What is the most expensive thing when renovating a house? ›

Here are the top 10 most expensive home repairs:
  1. Foundation repair. ...
  2. Roof repair. ...
  3. Repair or replace hot water heater. ...
  4. Termite damage. ...
  5. Water damage. ...
  6. Repair or install new pipes. ...
  7. Heating/AC repair. ...
  8. Mold Removal.
Mar 13, 2024

What is a gut renovation? ›

Unlike a normal renovation, which usually only involves certain areas, a full gut renovation is essentially a restart. Builders will strip the home down to the foundational elements to rebuild the design. Since only the basic structure of the home is left, this allows for a lot of freedom in designing and construction.

What's the difference between remodel and renovation? ›

Definitions. Technically, a renovation and remodel are defined differently. While a remodel changes the form of something (like adding a new shower to an existing bathroom), a renovation focuses more on restoring something old into good repair (fixing up a creaky floor, for example).

How can I update my house without spending a lot of money? ›

Easy Home Upgrades You Can Do on a Budget
  1. Repaint Areas of Your Home. Mike Casey. ...
  2. Update Cabinets. New cabinets could cost you several thousands of dollars. ...
  3. Replace Bath Hardware. ...
  4. Swap Window Treatments. ...
  5. Upgrade Lighting. ...
  6. Install Built-In Bookshelves. ...
  7. Create Custom Storage Areas. ...
  8. Add Crown Molding and Update the Trim.

How to increase home value by $50,000? ›

Adding $50K in Value to Your Home: Top Strategies for Sellers
  1. Curb Appeal Matters. First impressions count. ...
  2. Upgrade the Kitchen. The kitchen is often the heart of the home. ...
  3. Bathroom Remodel. Bathrooms also hold great value. ...
  4. Energy Efficiency Improvements. ...
  5. Fresh Paint and Flooring. ...
  6. Professional Staging. ...
  7. Proper Pricing Strategy.
Aug 28, 2023

How do I renovate my house checklist? ›

Step-by-Step Home Renovation Checklist
  1. Consult a pro. ...
  2. Stabilize the structure, if necessary. ...
  3. Plan site access. ...
  4. Do any demolition work. ...
  5. Relocate any drains or plumbing. ...
  6. Major renovations. ...
  7. Flooring and minor renovations. ...
  8. Final punch list.

How to keep remodel costs down? ›

18 Ways to Save on Your House Remodel
  1. Run the Numbers: Is It Cheaper to Remodel or Build New? ...
  2. Create a Realistic Budget. ...
  3. Increase Efficiency, Not Size. ...
  4. Reorganize Kitchen Storage. ...
  5. Consider Long-Term Costs. ...
  6. Shop at Recycling Centers. ...
  7. Look for Contractors' Leftover Materials. ...
  8. Attend Building Supply Auctions.

How do you flip a house on a budget? ›

A similar method of budgeting a flip is the 70% rule in real estate. When buying a home, property investors should spend no more than 70% of the selling price, minus renovation costs, according to the rule. That leaves 30% for profits and fixed costs. The fixed costs are usually about 15% of the project.

What adds most value when renovating a house? ›

Projects That Boost Your Home's Value
  • Remodel the kitchen. Updates to the kitchen pay off. ...
  • Upgrade the appliances. ...
  • Boost the bathrooms. ...
  • Remodel the attic or basem*nt. ...
  • Get decked out. ...
  • Boost curb appeal. ...
  • Improve energy efficiency.

Is 100k enough to renovate a house? ›

With a $100,000 budget, you can accomplish a significant amount of renovation work, particularly if you prioritize your project goals and work closely with an experienced team like Multigroup Contracting.

What to buy first when renovating a house? ›

The kitchen should always be one of the first projects to tackle because homeowners want to make a good first impression, and it is one of the rooms where guests spend the most time. “This renovation includes new cabinets, flooring, appliances, countertops and often, the layout, to open up more space,” Muller says.

How much should I spend on a house renovation? ›

Full home renovation: $100—$400+ per square feet (psf)

Is $200 000 enough to build a house? ›

Under $200,000

At $187 per square foot, you can build a house of up to 1,069 square feet. That's enough space for two bedrooms — three if they're on the small side — and two baths. Homes this size make good starter homes, downsizes, or investment properties.

How much remodeling can be done with $100,000? ›

Examples of What You Can Achieve with a $100,000 Budget

A comprehensive kitchen renovation, including new cabinetry, countertops, and appliances. A full bathroom remodel, with upgraded fixtures, finishes, and tiling. A room addition, such as a bedroom or family room, depending on the complexity and scale of the project.

Is 40k enough to renovate a house? ›

Basic Budget Ranges

A mid-grade home renovation will cost an average of $40,000-$75,000. It includes the above items, as well as: Upgraded materials. New exterior siding.

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