Home renovations are expensive. The average cost of remodeling a bathroom is around $16,000, while renovating the kitchen is about $20,000. Still, renovating can be a worthy endeavor especially if the homeowner is looking to improve the look and feel of the house, make the most out of their investment, or increase the property’s resale value. Some renovation projects can get out of hand, however, and that can result in expenses that the property owner certainly did not sign up for.
Keeping costs low means making some adjustments to the renovation plans. For instance, one way to save on expenses is to DIY the demolition part of the job. For renovation jobs around the exterior of the home, doing the demolition can save the homeowner up to $550, compared to when they hire a pro to do it for them.
Planning the remodeling around the current plumbing is also recommended to keep costs low. Relocating fixtures like toilets and showers entails a lot more in materials and installation time. Upgrading old fixtures without moving them can lead to larger savings. In addition, focusing on simplicity instead of going for elaborate designs can help decrease costs and still ensure higher resale value.
Making the most of the space already available is also a great idea. Instead of demolishing a room and rebuilding to get more space, homeowners can redesign areas like their kitchen to increase efficiency without needing extra size.
After the renovations are done, it is also a good idea to update the homeowners insurance to avoid a gap in coverage. Louis Campisano is an insurance professional who can help you resolve this matter. For more resources on homeowners insurance, visit this Facebook page.