3 Easy Ways to Increase Your Renovation Budget
With Americans spending a lot more time at home over the last year, it is no surprise that many are choosing to renovate their spaces. Remodeling any space can get real expensive, real fast. Homeowners are always looking for ways to cut costs and increase their renovation budget to get the most out of their buck. Thankfully, there are a few simple ways you can significantly expand your budget while also helping the planet and your community at the same time!
1. Deconstruction Provides Tax Benefits that Save You Money
Not many people know that you can utilize deconstruction to provide you with a significant tax deduction. If you have a larger renovation project, like a kitchen or a large section of your home, or any project that could yield a large number of donated materials, deconstruction is a great choice to save you some money. By presenting the used building materials, you can add that value back into your renovation budget, providing you with some wiggle room to upgrade your appliances or purchase higher-quality new materials.
2. Purchase Refurbished Instead of New
When you want to give your home a new look, it doesn’t always have to be through new items. Instead of purchasing brand-new furniture, cabinetry, or other items, think outside the box. There is a large market for discounted refurbished materials that can give your space a unique twist without the new price tag. When you save money in one area, you can add it back somewhere else. For example, distressed wood is an eco-friendly and modern alternative that can be utilized for everything from an accent wall, flooring to furniture!
3. Hire a Knowledgeable Contractor
An incompetent contractor can cost you a lot. Getting the most for your money can come down to hiring the right person to help lead your renovation. Highly experienced and connected contractors have the inside knowledge of where to get the best deals, complete projects right the first time, and need little oversight. Before you jump into a renovation, interview several contractors and try to get personal referrals from other homeowners. The last thing you want is to have to pay twice for the same job.