Sunday, July 22, 2018
By LAUREN SCHWAHN
NerdWallet
Home improvements can rejuvenate a stale dwelling. But remodeling and renovations could set you back thousands of dollars for each room.
A “midrange minor kitchen remodel” – including hardware, countertops, flooring and a refrigerator – is about $21,000, on average, according to Remodeling magazine’s 2018 Cost vs. Value report. But with the right approach, you can give your abode some TLC without busting your budget.
“If you’re strategic with the planning, especially if you’re willing to put in a little sweat equity, there are definite simple fixes that you can make,” says Dan DiClerico, a home expert at HomeAdvisor.
Try these ways to update your home for less.
REARRANGE THE FURNITURE
Here’s a solution that won’t cost a dime: a new room layout. You can work with what you already have to make your space feel new again.
GRAB A PAINT BRUSH
Slap a fresh coat of paint on the walls for a quick makeover. Hiring a professional to tackle the entire interior can set you back close to $2,000, DiClerico says. But you’ll cut costs by taking on the project yourself.
Don’t have the time or money to paint the whole house? Choose one or two areas that you spend the most time in, such as the living room or bedroom.
Try the same tactic with furniture. Fresh paint or a new finish can revitalize old cabinets, tables, dressers and other items.
REPLACE FIXTURES AND HARDWARE
New light fixtures, faucets or cabinet hardware can give a room a completely different look and feel. Cosmetic changes can benefit your wallet, too. You can find cabinet handles and knobs at most home-improvement and hardware stores for a few dollars each. Some faucets and shower heads reduce water use, which means you could save money each month.
LIMIT YOUR UPGRADES
You don’t have to revamp every inch of a room. DiClerico suggests that you “splurge on the things you’re interacting with on a daily basis.” So rather than shell out half a year’s salary for a complete kitchen remodel , upgrade a few select items.
ACCESSORIZE
Redecorating can be much more affordable – and just as effective – as major upgrades. You can cozy up a space and add a pop of color with throw pillows, lamps, area rugs or plants. Dress up windows with brand new curtains. Or, pick a statement piece for the wall, such as a large work of art or mirror.
COVER YOUR FURNITURE
Salvage couches and armchairs that have minor wear and tear with slipcovers. While getting a piece of furniture reupholstered or buying an entirely new piece can cost hundreds to several thousand dollars, you can buy a quality cover for less than $100.
SHOP SMART
Knowing when and where to shop can help you trim expenses. For example, January white sales are prime time for discounted bedding. Presidents Day sales in February often include furniture, while November’s Black Friday deals feature appliances. Map out your purchases accordingly, if you can.