Some useful money-saving home renovation tips
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Some useful money-saving home renovation tips

Thinking of upgrading your home?

Besides your workplace, your home is another location you spend most of your time in. Needless to say, it will not escape from some degree of wear and tear throughout the years.

Furthermore, if your house was constructed way back in the day its design might no longer be as contemporary as you’d like it to be, however much it charmed you when you first bought it.

All this may make you decide to upgrade it at one point in time or another. Although potentially costly, renovating your home actually increases its market value, giving you back almost everything you’d spent on it.

So you’ve decided to remodel. Now what?

First off, try to gauge how much of the task at hand can you carry out by yourself. Going DIY on certain simpler aspects could save you a fair amount on labour costs. Don’t look at it as a chore, but a fun hobby that the whole family can get involved in.

Next up: Budget, budget, budget. Assess your financial health to calculate how much you can actually afford to spend on the project. Once you’ve arrived at that amount, don’t be tempted to budge from it if you find that it differs from what others had spent. Everyone’s situation is different, and so are their needs.

Find the right partner

After this you’ll need to source for a good contractor to actually carry out the job. But never speak to just one. Shop around as much as you’d like, with three as a bare minimum.

And when you do consult them, ask them plenty of questions as this will give you greater insight into their capabilities (or lack of them). Getting a less than competent contractor could result in mistakes which might not be apparent now, but down the road when you’ll have to dig into your own pocket to fix them.

Make your choice and stick to it

When you’ve made up your mind on whom to engage, you and your contractor can then discuss how you’d like your remodelling to be done. Be sure to think this through thoroughly before any actual work begins. Making design changes mid-project is going to cost you dearly.

So there you go, some practical tips on how to save money on home improvement from the RinggitPlus team. Stay tuned for our next article, where we’ll talk about the various methods you can use to finance your home renovation project as well as their pros and cons.

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