Cutting costs while remodelling

1)      Prioritize your renovation needs

The first step is to understand the most essential changes that need to be made. Often, homeowners try to do accomplish all aspects at
once, thereby resulting in overspending. Be it the kitchen, bathroom or living room, prioritizing and focusing on the most important area is key. Narrowing down the scope of work also helps avoid unnecessary expenses. 

2) Opt for modular systems and multifunctional furniture

Modular systems are designed to optimize space, especially in urban areas that are defined by space limitations. Opting for modular
furniture allows homeowners to get more out of their space while staying within budget. The pieces can be customized to fit exact requirements and are usually cheaper than traditional bespoke furniture. Similarly, multi-functional furniture such a sofa-cum-beds or foldable dining tables can significantly save on space and money, particularly in smaller apartments. 

3)  DIY projects

Tasks such as electrical and plumbing work should always be left to the professionals; there are however, plenty of minor jobs that can be
handled by the homeowner themselves. Tasks such as painting, assembling furniture, changing hardware like handles, applying a fresh coat of paint can completely transform a room at a fraction of the cost of professional services. Keep in mind however, that it’s imperative to assess your own skills and task complexity to avoid mistakes that could lead to more expensive repairs later. If there is a skill set gap, it’s always better to pass the baton to an experienced team.

4) Repurpose and reuse 

One of the easiest ways to cut costs is by reusing existing material and repurposing items from your current home. Often materials such as
tiles, wood and even doors discarded during renovations can be salvaged and incorporated into the new design. Old tiles can be cleaned and reused by mixing them with new ones for a unique look. Reclaimed wood can be repurposed to create stylish furniture or wall panels that add character and save material costs. By repurposing, you are also contributing to sustainability, which is an important factor to consider in today’s environment.

5)  Shop smart for materials 

Material selection plays a crucial role in determining the overall cost of a renovation. Materials make up almost 50-60% of the total
renovation cost, so choosing the right materials is key to managing expenses. Instead of opting for expensive, imported finished, one can consider high quality, local alternatives that can deliver the same look at a lesser cost. Indian marble, granite and quartz can provide similar aesthetics as expensive Italian marble and imported tiles, likewise, plywood can be a cost effective alternative to solid wood for furniture and cabinetry. Local sourcing can also reduce transportation costs. Several suppliers offer promotions during major festivals; shopping can be timed according to festive sales.

6)  Energy efficient solutions

Energy efficient solutions may seem like an additional expense but they help with savings in the long run. Investing in energy efficient lighting, appliances and insulation can drastically reduce electricity bills. LED lighting, energy efficient air conditioners and solar panels make for tremendous long term investments.

7)  Focus on small, high impact changes 

Not every remodelling project needs to involved large-scale structural changes. Small, high impact changes can transform your space without
the need for massive investment. Simple changes such as updating light fixtures, adding ornate mirrors or even changing curtain fabrics can breathe new life into a room. Another way to enhance your space is by incorporating smart design techniques such as open shelving, minimalistic furniture and a clever use of colour. These strategies can make a room feel more spacious and contemporary without the need for a significant budget.