If you are trying to complete a major remodel on your home or business, you know firsthand how much stress this experience can cause. It’s not easy to go through a remodel even if funding it is easy for you, but if finances are an issue it can be even more complicated. Many parts of a remodel can be expensive and time-consuming, so if you need help you are not alone! Here are 3 tips to guide you if you are financing your own remodel.
Do It Little By Little
If you are financing your entire remodel on your own, you may start to feel overwhelmed by the high costs of seemingly small projects. One great way to combat this is to tackle your remodel little by little instead of doing everything at once. This way, you won’t have to come up with all of the money upfront. For example, remodel your bathroom first, then once that is completed wait 6 months before beginning to remodel your bedroom. This will help make the process more manageable for you both mentally and financially.
Have A Solid Plan
Whether you are designing your kitchen, bathroom, or every corner of your home, having a plan in place will help make every step of the process easier for you. Make sure to have a solid plan in place, including a budget and timeline so that you know what to realistically expect and nothing gets overlooked.
Sticking to a strict budget may seem difficult at first, but it will end up saving you a lot of money in the long run so that you don’t end up accidentally spending your entire savings on your remodel.
Have A Yard Sale
A remodel may be a great time to do some “spring cleaning” and get rid of items in your home that you don’t need, want, or use any longer. This can include furniture, clothing, kitchen appliances, toys, you name it! But if you’re already getting rid of a bunch of stuff, you might as well try to make a little extra money – money you can use to help pay for costs associated with your remodel.
Consider having a garage sale or yard sale, and if that isn’t an option for you, try selling some of your things online. eBay or Etsy are great places to start, and many people also have great luck selling used items on social media sites such as Facebook and Instagram. You may end up cleaning up your space and making some extra money at the same time with very little work involved, so it’s a win-win.
Financing your own remodel doesn’t have to be a nightmare! Use these tips to make things easier on yourself.