Home remodelling not only makes your home look good but also adds value. So if you ever think about renting it out, you are assured to get a better ROI.
So, you are excited to remodel your kitchen. And why shouldn’t you? Home remodelling not only makes your home look good but also adds value. So, in future if you ever think about renting it out, you are assured to get a better rental income.
However, your excitement can get overwhelming, when you have to do your kitchen remodelling on a tight budget. And that’s a big deal. The costs can add up so quickly that the budget you had planned earlier may seem too little.
The good news is that you can keep your home repairs costs in control. Here are a few helpful tips to get the most out of your tight budget.
1. Choose ready-to-assemble cabinets.
Kitchen cabinets are one of the most expensive parts of a home improvement project. The cost can go even higher if you get the cabinets custom-designed. If your budget doesn’t allow for custom cabinets, don’t indulge. Go for new ready-to-assemble cabinets. These cabinets are pre-fabricated in standard sizes.
2. If you can, retain the existing cabinets.
If your existing cabinets are still good, you could do a neat resurfacing job and paint them. You’ll be amazed at how color and a few coats of paint can bring a once-drab space to life.
3. Choose open shelving where you can.
Open shelves not only save money but also give an interesting twist to your kitchen. Use salvaged wood or planks from the hardware store to build open shelves. Display or store everyday dishes on these cost-effective open shelves.
4. Consider granite look alike countertops.
With your budget, granite countertop may not be an option for you. Although a popular choice in countertops, granite is expensive and can easily push your budget over the top.
An inexpensive alternative to granite would be laminate. Nowadays, the new laminates are made to exactly mimic granite countertops, so much so that you won’t be able to pinpoint the difference.
5. Cutout instead of bringing the wall down.
If your kitchen remodelling plan includes creating an open space between the kitchen and the family room, you have to consider a lot of things before bringing down the kitchen wall.
Does the wall bear any load? Are electrical, venting, or water pipes running through the wall? If yes, then removing the wall can be expensive.
After the wall is removed, the floor may get damaged and could need some repairs. And that could add to the expense.
An inexpensive option to consider is a cutout through the wall. Not only will this open the room but also provide extra sitting and countertop space.
6. Consider kitchen remodelling in stages.
With your budget, it may not be possible to complete your home renovation project in one go. If that’s the case, consider doing it in stages. Complete a project, then take a break to save for the next project. However, if you can’t stand looking at unfinished work in the kitchen and want to get it done all at once, don’t fret. A MoneyTap’s home renovation loan or a personal loan for home renovation can help cover the home remodelling expenses.
Guest Post By : Shiv Nanda , Financial Analyst at MoneyTap.
