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3 Ways to Maximize Your Renovation Dollars

Millions of American homeowners will consider renovating some aspect of their home in the year ahead. For a lot of people, home renovation projects might even be a part of their new year resolutions. No matter how busy life can be, the impulse to improve your most important financial asset is strong. To that end, let’s take a look at three simple ways to get the most out of your home renovation dollars.

1. Make smart choices with materials

Materials and labor are obviously the two main factors in the cost of home renovation; and while you obviously want a good deal on labor, you don’t want to cut corners and hire a contractor who offers a rock bottom price – unless you know they’re reputable. Where materials are concerned, integrity and quality are also important; but it’s definitely possible to shop around and look for alternatives. There might be brands, styles or materials that can save you money without compromising the beauty or integrity of your renovation. A skilled home renovation expert can help you explore options or point out pros and cons of a given approach.

2. Add closets and storage

Maximizing your budget isn’t all about adapting your existing plans ­– sometimes, changing those plans is the best way to get the most out of your money. For instance, extra closets and storage (within reason) are almost always desirable from a buyer-appeal standpoint. Even better, they go a long way toward enhancing your day today lifestyle. One of the most common complaints people have about their homes is that they lack adequate storage space and don’t have enough closets. Adding or renovating your storage space in various areas of the house is a smart overall investment from a lifestyle and a market appeal standpoint.

3. Hire a better home renovator

When it comes to getting the most out of your home renovation budget, there is nothing more important than having the right people in your corner. When you have a home renovator on your side can draw on years of experience and training that goes above and beyond expectations, you can suss out options with regard to building materials, designs, and modifications that can stretch your budget further. On the other hand, when you have a contractor whose skill and service leave a lot to be desired, you might end up paying a lot more for a renovation that is actually lower on the quality scale overall.

Is your home renovation experience falling short of expectations?

No matter where you look, there is always away to lower the cost of your home renovation project. However, there is a point at which lowering the cost and maximizing your budget are two different things. Home renovation is a significant investment in your lifestyle and in your future. Getting a result that stands the test of time requires attention to quality and craftsmanship. While it’s always possible to find a contractor who will do it for less, it’s important to ask ourselves whether our renovation investment will truly be maximized – or whether seeking help from a more reputable contractor is the way to go.

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