Renovating a house can quickly get out of control, and you will end up spending a lot more than you wish you did. However, there are some ways to avoid that.
Here is how:
- stick to a budget - it’s very easy to spend more than you can if you are not controlling your finances; one of the things you can do is create a spreadsheet with all the things you want to buy and establish a price range for each item, but remember to leave around 10% of the total budget for unexpected expenses
- look for websites like retrodesigns.com.au/ - since they are buying directly from manufacturers, they are able to sell the products at lower prices;
- don’t rush it - you don’t have to renovate the whole house at once. The best option is to divide the house into several areas and start with one or two rooms. That way, you make sure that you will not regret any of the choices you made while creating a design.
- wait for sales - do some research and find out when is the best time to buy specific things - for example, the end of summer is the perfect chance to purchase outdoor furniture with a big discount
- sell unnecessary things - if you don’t need the old furniture because you bought a new one, don’t throw it away, try selling it on websites like Craiglist - you will get back at least a small part of the amount you spend on the renovation
- Get or rent yourself the best drone for real estate so it will be easier to look for renovation opportunities when you have photos and videos from above.
If you want to learn more about how to renovate your house without getting into massive debt, check out the infographic below.
