How to Budget for Home Improvements

Home improvement projects often scare people. The typical homeowner will believe that it will cost thousands of dollars to remodel one room (since they often lack the skills to do the job themselves). They may also feel that the project is too expensive because of the materials and tools that are involved.

To the contrary, home improvements don’t have to be expensive at all. Of course, if you hire a contractor or subcontractor to do the job, you will pay a fortune, but if you have the patience and the ability to read and follow directions, then you can remodel an entire room in your home for less than a hundred dollars. This will depend, of course, on the scope of the remodel. If you consider painting a room “remodeling,” then your expenses will be low. If you want to expand a room, or to redesign it, then your costs will rise accordingly. So to help you save money, you will need to decide on the type of remodel, then you will need to compare materials.

Know Where You’re Headed Before You Start

Before starting the process of improving your home, you will need to set up a budget and a plan. You will need to consider various options. For example, do you intend to paint your home? Do you intend to tile your home? Do you want carpet and/or hard wood in your home? How many rooms do you plan to remodel? What materials will you need? How much material will you need?

Asking questions is part of the planning process for home improvement. Also, knowing what you like and what you want when you go to the home improvement stores can alleviate some of the stress involved with home improvement because you will already have in mind what you are going to purchase.

Setting up a budget will help you get what you want as well as save you money. You may even consider purchasing materials and tools for home improvement at the stores that offer discounts or deferred payments. This notion will give you time to get your home improved while saving the cash to pay off the necessary tools and materials. If you have more than one hardware or lumber yard in your area, you can shop for the best possible deals. Sometimes, if you purchase at a local hardware store instead of at a big-box store, you might be able to work out a deal.

Unfortunately, many people go for secondary home loans (i.e., home equity loans), to improve their homes. Getting loans from lenders often leads to debt and secondary home loans for improvement only leads to paying off your home twice. Thus, avoid the high interest rates and loan payments and learn to budget in order to improve your home. It may take you longer to make those home improvements, but it will be less stressful and could help keep you out of debt.

Start Small

Let me give you an overview of what a single room could cost you for repairs. Say you want to paint it. You will need plaster, sealers, primer, paints, paint thinners, scrapers, a screwdriver, patches, paintbrushes, trays, and so forth. Now you may think that this is going to cost you a fortune, but it doesn’t have to.

The paint and tools will cost you the most while the other items will cost less. Primer, sealers, and plaster could cost you, roughly, fifteen dollars if you shop around.

Paint thinners, trays, brushes and screwdriver will cost around fifteen if you visit the right store. The patches should be purchased with a plaster kit, which will save you a few pennies. The paint will cost around $20 per can, depending on the type of paint. Therefore, for about $100, you could remodel a room in your home without hiring anyone to do the job (providing you follow the instructions).

What about the bathroom? Can you remodel that area on a budget? Depending on the size of the space, and the scope of the remodel, you could tile your bathroom and paint the walls for about $100, as well, give or take. If you comparison shop and know what you are doing, you could remodel a small-to-medium bathroom for around $50.


Learning to budget and to plan can help you remodel your entire home (if the home is in good shape to begin with) for a few hundred dollars. Furthermore, doing the work yourself could save you thousands of dollars.



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