Prioritize The Renovation:
Create a list encompassing all the things you need to work on and prioritize them based on importance. Though it will not directly cut your costs, you will be able to plan your finances better. There will be two benefits for this, first, if some unexpected expenses come up during the renovation and you run short on budget, the most crucial parts of your renovation projects will be done.
Secondly, the essential tasks usually include renovating places like the kitchen, bathroom, living room, wardrobes, electrical works, and painting the home. So if you run out of money, you will still be able to live in the house as the fundamental changes will be made anyway.
You can then gradually work on the remaining areas after some time when you have saved up enough money.
Go For a Minimalist Lifestyle:
One of the best home renovation ideas is to go full minimalist. This is perfect for people who don’t want the restoration project to put a dent in their budget without compromising the elegance. Since you won’t be worrying about adding additional features to every last inch of your home, you can cut back on a substantial sum of money.
Following the less is more approach, you can give your home a timeless look by ditching the fancy fix-ins, lighting points, and even pieces of decoration that you may be planning on buying. Start by thinking of all the things that you use regularly and then eliminate all the peripherals from your renovation plan.
By the time you are done, you will have a long list of things you don’t need to install in your home, saving you a big chunk of money.
DIY the Debris Removal:
Fantasizing about the dream makeover of your home is a good thing, but you should also not forget about the cleaning of debris after you are done with the renovation. Things like hacking walls, unloading raw materials, and cement, and changing the floor will cause a lot of dirt and debris that would need to be cleaned for your newly renovated home to truly shine.
However, the cost of its removal can range from a few hundred to a thousand dollars, which is why we suggest that you do it on your own. You will just have to rent a dumpster truck depending on the amount of waste, clean all the junk, put it in the trunk and take it to the local landfill.
But, if you cannot do all of that alone and need the professional debris removal services, then make sure to check prices first. We suggest that you compare the costs provided by your interior designer with the estimates given by the Housing & Development Board of Singapore to ensure you are not being charged extra. No matter what you do, this hack will save you some money.
Save Money with Vinyl Flooring:
Flooring can make or save a significant portion of your budget, depending on the type of material you choose. One of the best home renovation ideas that we can give you is to install vinyl instead of hardwood or concrete.
Indeed, you will not get the feel of the expensive floorings, but you can get their appearance, making it difficult for someone to recognize its vinyl. The best thing about this flooring is that it can easily mimic any kind of surface, be it wood or concrete.
This will help you give your home a sense of luxury without burning out a significant chunk of your money. Plus, vinyl is pretty durable – even more than hardwood floor – because it is waterproof and also stain resistant. So maintaining it and keeping it looking perfect for years will not require a lot of money.
Avoid Expensive Design Changes:
Another hack that can save you a reasonable sum of money is avoiding significant design changes. If you don’t need to install new gas lines or reinstall plumbing or change the electrical wiring, we suggest that you don’t do it just for the sake of change in design.
Yes, it may enhance the appearance of your kitchen or bathroom, but then you will be spending a lot more. For instance, if the functional layout of your bathroom smoothly goes with the bathtub, sink, and shower, then there is no need to make changes.
Remember, any small fixture can still put a dent in your budget, so by not making unnecessary design changes, you can save money for things that do need to be renovated.
Paint is Stylish Yet, Affordable:
If you are on an ultra-tight budget, we suggest that you don’t spend thousands of dollars on fancy craft stone or luxury wallpapers. You can just simply paint the home with a combination of colours and make your walls pop.
Pinterest is your friend for finding the trendiest colour schemes for newly renovated homes. The main benefit of painting your home besides saving money is that it is effortless to maintain.
Unlike stone, you don’t have to maintain it to keep shining for a long time. However, you have to be very careful not to stain the walls as it can be tough to remove the marks from the paint.
Book An Online Renovation Contractor:
If you want to save a good amount of money without compromising on the quality of materials or workmanship, then we suggest that you hire an online renovation contractor. They have experience of dealing with all kinds of homes, apartments, condos, and so one that will help you avoid overdoing things.
Furthermore, an experienced online renovation contractor has contacts with all kinds of professionals ranging from plumbers to flooring manufacturers, which means they can get you a good bargain as well.
Besides the monetary benefits, renovation contractors can also save you a great deal of time and effort that you cannot put a price tag on.
Home Renovation Singapore – Bonus Tips for Extra Savings:
Get GST Vouchers and Rebates:
When you officially become a homeowner, it is one of the most significant milestones in your life that you dreamt of achieving since your teenage years. However, getting a home means paying bills and maintaining its infrastructure. These expenditures can burn a hole in your pocket if you don’t get some sort of financial ease.
Luckily, the Singapore government offers GST vouchers and rebates that can help you save some bucks. Though it is not a renovation hack, it still is a good idea to claim these vouchers and give yourself some relaxation after spending heaps of money on renovations.
So, according to the Singapore Government; you can get 1.5 to 3.5 months of S&CC rebates subjected to the type of house you have. So you can use these rebates and vouchers to get help in paying your conservancy charges and utility bills.
Though it might not sound so tempting, if you are low on budget, you can go this route, and if you do a bit of searching, you can find things in pretty good shape.
Whether you need material for your cabinets or some fixtures for electrical items, you can always visit a local store that sells used items and save some bucks.
There are also websites like Gumtree where you can find virtually everything ranging from the kitchen sink, bathtubs to even furniture in good condition.
Earn Cashback and Miles:
When you are renovating your home, you are going to come across significant expenses, so it only makes sense to save as much money as you can.
Therefore, by paying through your credit card, you can leverage the perks of accumulating cashback and flight miles redemption.
Make sure to use your card for big-ticket purchases such as furniture, your new flooring, and other things that cost more than what you spend daily to see your points soar instantly.
Over to You:
Home renovation is exciting and, at times, a bit daunting; however, don’t let it curb your spirit to give your house a much-needed makeover. We suggest that you estimate all the expenses yourself or get the help of an online home renovation contractor and then plan your budget accordingly.
We have already provided some of the best home renovation ideas to help you save some bucks. So make sure to follow them and give your home a new life while staying within the constraints of your budget.
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