For every homeowner, sooner or later there will come a time when renovation measures will be necessary on their own home. The renovation of the house usually requires quite a large financial investment, which can also make it necessary to take out a loan. It is all the more important for homeowners to save as many costs as possible in order to keep the financial burden under control.
The following tips on the process and implementation of renovation measures can help to plan the renovation of your home efficiently and sensibly.
Basically: renovation from the outside in
The principle of performing important external work first before starting renovation work inside the house is always good advice. This is especially true when time and financial resources are limited.
On the one hand, external maintenance is fundamental for the overall condition of the house and thus also for the long-term success of interior renovations; on the other hand, work on the roof or facade is usually particularly cost-intensive and should therefore be carried out first for a better overall calculation.
Expert companies should be consulted, especially for fundamental work on the exterior of the house or for sensitive areas such as sanitary or electrical installations. Even those who trust themselves to carry out the necessary work themselves should consider that at least the acceptance by a specialist company can make sense under insurance law. Otherwise, in the event of damage, it is up to the policyholder to prove that the damage event did not occur as a result of the work carried out himself. Providing this evidence through expensive expert reports or even rejecting a claim settlement can cost you far more expensive than the work of a specialist company.
Calculate renovation costs correctly
It makes sense to get an overview of the upcoming costs in advance. For this, all necessary measures and repairs should first be listed from the outside in. For cosmetic repairs, another list can be created according to priorities.
Estimated values can be used for an initial overview. However, offers that have already been obtained from companies are helpful and more reliable for the calculation. For repairs that you do yourself, you should consider any costs that may be incurred. This not only applies to materials, but also to devices and machines that have to be purchased or borrowed and any acceptance costs.
Unexpected additional costs must always be expected, so your calculation should not be too tight. After completing your calculations, add a buffer of around 10% of the calculated total to your calculations. This results in a certain leeway and more security in the event of complications.
Choosing the right loan
The costs for a comprehensive renovation can be quite high. In many cases, it may therefore be necessary to take out a loan for financing. This has to be considered carefully. The loan should suit your own financial situation and be easily repayable. When in doubt, it is better to look for ways to save on renovation than to burden yourself with a loan that is difficult to finance.
A larger loan from a reputable provider is usually preferable to several small loans from different lenders. Although many providers lure with cheap financing options and small loans, these offers are not always reliable and reputable. It is also more difficult to calculate with many small loans and you can quickly lose track of your financial obligations. Should a financial bottleneck arise, it is also easier to negotiate adjustments with just one reputable lender than to reach an agreement on several obligations.
What can I do myself?
If you want to save costs or just want to be active yourself, you can think about what work you can do yourself when renovating your home. For a lot of work, it is advisable to consult certified specialist companies in order not to take any legal risks or with regard to your own safety. However, you can possibly save here by providing the companies with the materials they need yourself. Cheap offers in hardware stores can be more advantageous than purchasing materials from specialist companies.
However, with a little time and skill, many measures can also be carried out by laypeople. This is especially true for the various cosmetic repairs. Laying floors, painting or wallpapering can usually be done easily by yourself. Beginners will find numerous helpful instructions and tips on all topics on the Internet. Those who trust themselves and are willing to invest some time and work here get away with it much more cheaply than when commissioning a company. That saves the budget and leaves more financial leeway.
Where can I save costs?
Savings can be made in many areas when renovating a house. When procuring materials, it makes sense to pay attention to offers and discount campaigns from hardware stores or building discounters. There are also often cheap sources of supply on the Internet. Nevertheless, pay attention to high-quality materials so as not to save at the wrong end and ultimately have to invest twice. A good tip are goods from the previous season. Fashion trends also play a major role in furnishing, and accordingly many outdated, but high-quality items are often greatly reduced.
You can also save money when placing orders with companies. Get multiple comparison offers. Even if you already know which company you want to hire, this gives you a good basis for negotiation. If you can quote cheaper offers from other companies, your preferred company may grant you a corresponding discount. Commissioning just one company for several necessary jobs can also provide savings, since the work can be carried out more efficiently and can be better coordinated with just one company.
Small cosmetic repairs as an alternative to expensive renewal
If, in the end, the financial means run out, small, inexpensive measures can still have a good effect on your own home. Laying tiles, for example, can be time-consuming and labor-intensive and costly. But it may not necessarily have to be new tiles. Beautification measures on old tiles are usually easy, quick and inexpensive to carry out and can be just as satisfactory as a result. There are two main options here:
1. New painting for tiles
A new coat of paint can bring about a change in tiles that have no longer fallen or are out of fashion. The tiles only need to be cleaned and painted over. The required materials can usually be found cheaply in hardware stores. Effort and costs are correspondingly low here. It should only be noted that once the color has been applied, it can no longer be removed and it is also difficult to correct errors with this method.
2. Foil tiles
Tiles can also be covered with a suitable film relatively easily. A large selection of such foils is available on the market, so that a correspondingly large spectrum of options is available. Here, too, the costs for the required material are in the low range. However, attaching the film requires a little patience and skill. However, errors can be corrected more easily with this method and in case of doubt it is also possible to simply remove or replace the film.