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"Let’s Save More on House Remodeling: Save More Series Part 7"

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We are back with the next part of this article series. So far, we've discussed how to reduce your expenses in many different areas of our lives, and we certainly hoped you have improved your financial situation and have made more savings in the process.

Don't forget, one of the keys to success in achieving your saving goals is to keep track on your spendings regularly. That way, you can recognize areas where you are spending too much, and can improve those specific areas.

In this part of the series, we will discuss another major expense for so many of us: home remodeling. Although home (and apartment) remodeling is not a frequently-made expense, it can be a very significant one when the need arise.

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Thus, a smart management of home remodeling cost can also save a lot of money in the process. Here are some of the notable things you can do:

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1. Think Long Term

There are many home remodeling aspects where you can initially spend more but will save more money in the long run, so always have a long-term mindset for your remodeling plans and decisions.

For example, factory-finished furniture might cost you more initially, but will be more durable. Same thing applies to lighting. LED bulbs might be significantly more expensive initially but will save more money in the long run with its efficiency and longevity.

2. Efficiency Before Expansion

In general, expanding the size of a room will significantly cost more than maximizing what you have. For example, expanding your kitchen space by 200 sq ft may cost you $50,000 to $100,000, while installing more efficient cabinets, wall shelves, and drawers might only cost you less than $40,000 in total.

That's a potential $60,000 saving all by itself! So before deciding on an expansion, see if you can maximize, and refresh your space by installing new furniture, shelves, and decorations.

3. DIY

DIY jobs will save significant contractor and builder fees, and not to mention it can also be an exciting and fun project for you. The first thing you might consider is to do the demolition yourself, you can save $500 to $1,000 just by doing the demolition work yourself.

You can also buy unfinished cabinets you can build yourself, such as IKEA products, which will be significantly cheaper than finished ones. However, opt for those factory finished products if possible (see number 1.)

4. Buy Your Own Materials

It's a public secret that marking-up material price is one of the revenue sources of builders and contractors. By shopping for the material yourself, you can save more than $5,000, even up to $10,000 depending on size.

However, you might need to do a small research to make sure you bought the right material, and won't need to do it twice.

To Be Continued…

We certainly hoped that during the course of this article series, you have improved your finances and have made more savings in the process!

Stay tuned for the next part of the series for another tips and tricks to save more money on other aspects of your lives.