With much of the country working from home during the pandemic, homeowners are increasingly looking to touch up those drab spaces they now have to look at all day, every day.
Whether the pale blue paint job you applied to your bathroom walls has lost its luster or your kitchen is in dire need of new cabinets and a fresh backsplash, there’s you can give your home a new look with breaking the bank, especially if it’s something you can do on your own.
There’s nothing wrong with trying out a DIY home renovation on a budget, but it can easily become a pricey endeavor if you aren’t careful. That living room spruce up could quickly become a whole new set of furniture and that new bathroom sink could become a total retile in the shower with a price tag to match if you don’t carefully map out your project.
Luckily, if you educate yourself and do some planning, there are countless ways to give your home a facelift without spending a fortune.
Tips for renovating on a budget
It’s important to remember that the effort you’re willing to put into a DIY project is more important than spending a large amount of money on your project. You can complete a DIY remodeling on a budget by focusing your energy on specific areas and keeping in mind the following:
Small cosmetic changes go a long way
It doesn’t take much to change the look of a room, and it’s important to keep that in mind when you’re planning your DIY home renovation.
Take, for example, the kitchen cabinets. Many homeowners believe that to upgrade the appearance of their cupboards they will have to tear out the old ones entirely and spring for top-tier handcrafted replacements. That is by no means necessary. You can bring dated cabinets into the 21st century with a dynamic paint job, eye-catching cabinet lighting or an aged-wood treatment that pays homage to the past while sticking to your DIY home renovation budget.
Invest in home improvements that have a long term value
It’s smart to remember that home improvements should appeal to your tastes while increasing the value of your property. Adding energy-efficient insulation is a great example of this.
If you have old doors or poor insulation, your home is probably letting in a ton of cold air in the winter and warm air in the summer, neither of which are preferable. This can cause you to crank up the heater and air conditioning, which drives energy prices through the roof. To combat this issue, seal the cracks around your house that may be leaking air.
You can buy a thermal leak detector for $40 or less that tells you when there are temperature differences in your house, which is a telltale sign of air leaks. Once you’ve spotted a leak, seal up any cracks and start cutting back costs on your energy bill.
Look for strategic ways to save money
A bit of creativity can go a long way to save money when you’re remodeling on a budget. One of the most effective ways to save money while renovating is using upcycled or recycled material to give one of your rooms a facelift. A pallet wall is an excellent example of this.
You can construct a rustic-looking wall whose textured surface using planks of wood with various sizes and tones that will give any room in your home a cozy and inviting appearance. This type of renovation can be especially cost effective since you can pick up large quantities of recycled wood from lumber or scrap yards, or even home improvement stores, for pennies on the dollar when compared to new lumber. You may even be able to find discarded wood that you can haul off for free.
If you find yourself in a financial bind mid renovation, don’t turn to fast cash sources such as payday loans, which can charge high interest rates. Even if you are suffering from poor credit, a personal loan can be a great alternative to cover your home renovation expenses.
4 DIY budget friendly home improvements that have a big impact
1. Repaint front door and update exterior accents
Adding a new coat of paint to your front door and updating your exterior accents are two simple budget renovation ideas that can drastically change your home’s appearance. Your front door and the area around it like gift wrap for your home and make it feel inviting and welcoming when done right.
Rather than buying a completely new front door, try little tweaks like paint, new hardware and spruced up door trim to make the front of your home look like something out of a real estate magazine.
Average cost: $50-$70
2. Apply removable wallpaper or paint walls
If you’re unhappy with the aesthetic of one of your rooms and want a quick, non-permanent fix that doesn’t break the bank, removable wallpaper is a great way to go. Wallpaper is available in a variety of colors, accents and textures, plus it can cover up a bland paint job and instantly transform any space in your home.
Average cost: $75-$100 or more
3. New backsplash
To update your kitchen without a huge, expensive renovation project, try installing a new backsplash behind areas where you cook. There are thousands of different stone or tile patterns to choose from, and you can opt for the look that best suits your space and accentuates your cabinets and other appliances without breaking the bank. An appealing backsplash also limits cleaning expenses and adds value to your home.
Average cost: $70-$90
4. Update old floors
Updating old floors is another way of giving your home a facelift without going overboard on the costs. It could be tempting to install new tile flooring in your bathroom, but you can achieve the same kind of updated look without breaking the bank by painting your tiles. The best part about this is that you don’t have to be Picasso to do so. There are tons of unique stencil designs paint shades to choose from, and it’s surprisingly easy to turn your bathroom floor into a work fit for the Sistine Chapel.
Average cost: $60-$90
The bottom line
There are countless home renovation ideas to help you spruce things up without breaking the bank. If your front door needs a touch up or your kitchen needs an overhaul, you can do it yourself without going into debt to pay for it. By using the resources that fit your budget and a bit of elbow grease, you can turn a drab interior into a model home and still have some money left in your bank account.