10 economical tips to renovate your home in style

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Want to have a more stylish and comfortable home? Renovations are the best way to make major changes to your house. Regardless of the nature of changes that need to be made, a house renovation needs to be carefully planned—similar to either a business plan or a new building project—to achieve the best results.

In a recent CIBC Home Renovations Poll, it was revealed the 49% of Canadians have the intention of remodelling their houses this year, with an average budget of $10,000. However, 39% of all those who recently finished their renovations over shot their budget—showing why adequate planning is necessary before beginning any home renovation.

For some homeowners, hiring an architect to oversee the planning of their renovation is the best way to stay within a specified budget, however, such methods can be quite expensive.

Therefore, if you are searching for an economical way to renovate your home to your taste, the secret is to plan the whole process by yourself exhaustively. Here are some of the ways to effectively renovate your home with style while saving some money:

1.  Adopt the divide and conquer approach

To successfully renovate your home without overspending, it is necessary to draw up an effective plan.

For those who are making the renovations themselves, a useful strategy would be to break down the project into little bits and create a renovation plan for every single part of the house. But if you’re hiring the services of an architect to oversee the renovations, there would be very little opportunity to make inputs as they would be responsible for the planning and execution of the renovation.

Therefore, a DIY approach would not only be economical but would help in carefully detailing and tracking every aspect of the renovation yourself.

2. Adequate budgeting

The only way to ensure that you don’t overspend during a renovation is to ensure that you determine the total cost for the project and benchmark it.

3. Make proper research

While building a budget as mentioned earlier, it is necessary to carry out in-depth research on every item on the list.

There’s the likelihood that if you search deeply, you would find cheaper prices for certain goods—saving you a significant amount of money in the long run. Second-hand furniture stores, online stores and thrift stores are some of the best places to find cheap items that can be used during renovations.

4.  Make long-lasting floor renovations

Depending on the size of your renovation project, installing floor heating systems can be quite expensive. However, it can turn out to be a huge investment in the future as they come with numerous benefits while adding comfort to your home.

An electric floor heating system is highly beneficial as it has the ability to heat both the floor and the room that it is installed in. It also requires zero maintenance and is quite energy-efficient, saving you money on electricity bills.

Also, another advantage of an electric floor heating system is that it is very easy to install and can be done independently by the homeowner—especially since they require no extra ductwork.

5. Take advantage of cheap bathroom items

If your goal is to revamp your bathroom, it would be interesting to know that there are quite a number of quality products out there which you can purchase without having to break the bank.

Whether you are planning on installing a new toiler accessory or are just make minor upgrades to the painting and cabinet, it is necessary to be on the lookout for cheap deals that can be leveraged on.

6.  Carefully plan your kitchen and storage renovation

Kitchen renovations can be quite expensive and according to the Appraisal Institute of Canada, homeowners spend about 10 to 15% of their home value on kitchen renovations.

Therefore, to minimize spending, homeowners need to carefully plan out the changes that need to be made and seek out the cheapest possible means for each one—from purchasing appliances to making new kitchen cabinets or installing Quartz kitchen countertops.

7.  Improvise for small rooms

Sir John Soane, a popular architect, adopted the use of mirrors as a cheap and astonishing way to enlarge a small house.

This method is still effective today as a way of creating an illusion that a small house is a lot bigger—just as it was the case in Soane’s breakfast hall in his London home.

8.  Maximize the light from the windows

Installing bigger windows should be part of everyone’s renovation budget, but if you are working on a tight budget, a cheaper way would be to paint the windows with a lighter shade than the other parts of the room.

Choosing a brighter colour for the windows than other parts of the room is a great way to ensure that the windows allow enough light.

9.  Repaint your doors rather than replace

The very first impression your house makes on a visitor is from your doors. Therefore, if you are working on a tight budget and your current door requires no fixing, the most economical option would be to repaint them.

However, it is important to note that the colour of your doors can directly affect the amount of lighting your room gets.

10.  Use the appropriate paining

There is almost no home renovation that doesn’t include repainting a part of the house. While the urge to go for a multi-coloured pallet might be tempting, it is not always the best choice for those working on a tight budget.

A subtle colour—white or black—can be more appropriate for repainting the walls as not only gives it a modernistic look but is a more economical choice. Besides, a room’s lighting is affected by the colour of the painting and white and black are two colours that would look good in almost every situation.