This is a guest post from Becky Wolfe at Fame to Freedom.
Budget Remodeling: How to Update a House without Going Overboard
When buying a home to live in (or as an investment), you want to consider a few variables before renovating. It is completely normal to think about all the cosmetic changes you would like to make as soon as you move in, but make sure you are not over-improving the home. You want to make sure that if you ever go to sell the home that you will get back all of the money you put into the home
I wanted to create a post with tips on how to remodel based on your neighborhood. This post will provide useful tips on how to remodel to your liking, but still stay within the parameters of what the neighborhood dictates as far as property value. It breaks my heart to see people remodel only to lose money on the house later.
Let me take a step back and talk about appreciation on the house first. The reason I am bringing this up first is because I had no idea what the heck appreciation even was until a couple years ago. I just want to explain it briefly so you know where I am going with this article and to maybe explain it a little more clearly. To give an example- say you buy house for $100,000 and you put $10,000 of work into the house. You have it appraised and the appraisal value after the renovation is $150,000, you already have appreciation on your home of $40,000! This is fantastic. It means, if you were to go and sell that very day, you could list your house for $150,000 and make $40,000 if someone bought the home.
So why should you care about this? Most people when they buy their first home, it is just that- a first home. They live in it for 5-7 years on average and they move on to another home. So how do you update your first home (or any home for that matter) to get extra value from it for when you move?
Here is a list of ways you can update your house based on the neighborhood to add value, but not go overboard:
Look at other houses in the neighborhood: Are there any open houses in the area? Go ahead and walk through them and see what other people are doing inside their homes.
Look on the MLS or Zillow: The MLS is the site that realtors use. It is called the Multiple Listings System, aka where all houses are listed. Realtors search this for their clients for prospective houses. MLS can be used by lay people also. Zillow is another great way to look for houses for sale in the neighborhood. You can search their photos to see what other people in the neighborhood have done on the inside of their homes
Specifically, pay attention to what the others houses look like: Are there granite counter tops or composite? Are there wood floors or laminate? Carpet? Tile in the kitchen? Try to stick with what other houses in the neighborhood are doing. If you want to put in higher grade countertops, consider saving money in another area.
Update kitchens and bathrooms first: Choose one or the other and go with it. Look at what is already in the bathroom or kitchen. Can you paint the cabinets? This will save you money, but it can really update the space. The antique look is in so you can make it look a little rough and it will be in style. Painting the cabinets can also give you a very clean look which is classic. That will never go out of style. This will allow you to spend more on countertops. Bonus!
Find tile that you like at stores that give deals: Check Ollies, Lowe’s, Home Depot or even private sellers that want to get rid of tile. You can even check Craigslist believe it or not. Find something that will fit your budget for renovation.
Consider laminate over hardwood: There are some great laminate floors out there that wear nicely and would look great and look very similar to wood. Do you like any of them or could you make them work? I personally love laminate floors because they are durable. We actually use laminate a lot in our rentals. Check places like Lumber Liquidators.
When choosing paint, buy 5 gallons: Yes, I said it. Buy 5 gallons if you are painting large spaces the same color. Look for rebates on paint as they will oftentimes offer a rebate when you buy the 5 gallon size. Also, the paint will chip and wear. You will have the paint for touch ups later. We use Pittsburgh Paints and Stains from Menards and we have been very happy with the product. They have great rebates also. We have also used Behr from Home Depot.
Carpet: I hate to say this but buying carpet at Lowes and Home Depot is actually more expensive. Even when they offer the “Free Installation” for so many rooms, it ends up being more expensive. We found this out as we used Home Depot for a rental and we paid easily a couple hundred dollars more than we should have. Look at independent installers and compare prices. We belong to a flooring warehouse of sorts (kind of like Sam’s Club for flooring) and we save money buying carpet this way.
Use spray paint for cabinet hardware: If you really want to reuse what is already in the kitchen, you can actually buy spray paint to cover cabinet hardware. We have used Rustoleum spray paint in espresso to update hardware and it works pretty nicely. Just remove the hardware, take it outside, spray it down, let it dry and put it back on. I can even do this. (Pssst….I am not very handy.)
Use appliance spray paint: This tip may rock your world a bit. It did mine when I first found out about it. You can actually buy appliance paint to spray paint appliances. It is under $10 and works great if you just need to update the color of the appliance like a fridge for example. To be clear, we have only done this in our rentals. We have done it twice and it worked great both times. Instead of paying hundreds for a new fridge, if you have one that works, but just needs some TLC, buy appliance paint. I just knocked your socks off, huh.
Phew! That seems like a lot of tips! Bottom line, it is so exciting to buy a new home, but please don’t go overboard when you are remodeling a house. Make sure you are cautious about how much updating you do. Make sure the updates fit the neighborhood so you aren’t spending a lot on updates and you still get a great return on your investment when you go to sell your house.
What other tips do you have for remodeling on a budget?
Becky Wolf writes about having an intentional focus on spending to create a life of freedom at her blog Frame to Freedom.
Kim says
Thanks for sharing that idea. Budget is a very important factor in remodeling house. It is very important to focus on problem areas so you can fix it first. Renovating or remodeling your home is a sure way to increase the value of your home and property.
Becky@frametofreedom says
Completely agree Kim! It is a great idea to have a priority list of what needs to be tackled first.
Morgan says
These are really awesome tips, and this post is a great resource! Remodeling your house can be a fun and exciting project, but it can also get very pricey very quickly. You provide a lot of cost-efficient options here that are really helpful. Thanks so much for sharing this!
Becky@frametofreedom says
Thanks Morgan. It is fun and exciting and very easy to go overboard! Glad you found it helpful!
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If you want to start your dream renovation project, you can do so by finding creative ways to work within your budget. One of the best ways to save is being flexible in your design.
PinkHomes says
You give a great deal of cost-productive choices here that are truly useful. Much appreciated such a great amount for sharing thiThese are truly amazing tips, and this post is an extraordinary asset! Renovating your home can be a fun and energizing undertaking, yet it can likewise get extremely expensive rapidly.
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The big home improvement stores carry a variety of inexpensive styles and all you need to do is stick them in the ground. Not only are they functional – lighting your way at night – but they provide ornamentation as well.
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Consider the function of your renovated basement when choosing flooring for the space: a playroom will benefit from a soft floor made from play mats or carpet while laminate or hardwood flooring will add warmth to a guest bedroom.
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If you’re looking to improve the look of your home without the painting, vinyl siding is a popular, affordable choice. Many homeowners and builders choose it because it’s long lasting, durable, inexpensive and relatively easy to install and maintain. Vinyl comes in a variety of grains, thickness and colors making it also a practical choice for many homeowners.
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Brian says
Great advice! Remodeling a home can be tough to stay on budget, but it is important to make sure you do so you don’t regret any of the additions! Thanks for sharing.
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Be careful to keep your color choices aligned with the home’s architecture. In other words, don’t add cottage garden-type flowers to a bed in front of a starkly modern home. Certain plants are grown because of their interesting and colorful foliage, such as hosta and coleus, and are better suited to more modern homes. If you have questions about what to plant, consult with the experts at your local nursery.
Morton Stones says
Right on re: the carpet. Though it isn’t our specialty, we’ll still get asked from time to time for a recommendation on a carpet installer. We always recommend an independent contractor, as we’re familiar with the quality they’ll provide and that contractor is always much more invested in providing a good final product.
McKenzie says
Thanks for this awesome advice and thanks for sharing. I have noticed more and more people gravitating to laminate for its amazing price, and it usually looks awesome!
Selene says
Love this post! Updating the kitchen and bathrooms can certainly be fun projects that make a dramatic difference in the overall appearance of your house. Thanks for sharing!
Trenton says
Great post! These are some great tips on ways to update your home. Updating the cabinetry in the kitchen and bathroom makes a big difference in changing the look and field of these rooms. Thanks for sharing.
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Painter Oliver says
This is packed with a lot of useful information. Thanks for shaving — bookmarked this for future use.
Oliver Painter ;_)
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Renovations can produce a great deal of waste if not handled properly. Here you can learn about the management issues you should consider, the availability of green building products, indoor air quality problems that might arise, how to reduce renovation waste and how to dispose of the remaining waste properly.
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The building plan for the house should be complete, exact and followed until the end. Numerous changes and unexpected modifications in the plans could lead to a blown budget. Thus, make sure that you have a clear and exact plan from the construction to the labor to get the job done.
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Consider the function of your renovated basement when choosing flooring for the space: a playroom will benefit from a soft floor made from play mats or carpet while laminate or hardwood flooring will add warmth to a guest bedroom.
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Renovations can produce a great deal of waste if not handled properly. Here you can learn about the management issues you should consider, the availability of green building products, indoor air quality problems that might arise, how to reduce renovation waste and how to dispose of the remaining waste properly.
Don says
Great post. Thanks for the tips. I couldn’t agree more with using Zillow for doing comparable research in your neighborhood. Also, starting with bathrooms and kitchens first. I would even say kitchen over bathrooms even (if having to choose). People gather in kitchens all the time. Thanks again for the info.
The Busy Budgeter says
That’s true – I guess gatherings in the bathroom are pretty few and far between 😉
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Selecting the appropriate construction and building materials for a project entails more than just placing an order at a building supplies firm. There are several other factors that you need to consider to come up with the best choices and in compliance with building regulations.
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The big home improvement stores carry a variety of inexpensive styles and all you need to do is stick them in the ground. Not only are they functional – lighting your way at night – but they provide ornamentation as well.
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Remodeling your home really make a lot of difference in aesthetics and value in the long run.
Rick Taylor says
Remodeling house is quite a bit challenging and can be expensive if you do not choose the right contractor. I really appreciate this tips now budge remodeling shared here. Thanks for sharing.
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Consider the function of your renovated basement when choosing flooring for the space: a playroom will benefit from a soft floor made from play mats or carpet while laminate or hardwood flooring will add warmth to a guest bedroom.
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The building plan for the house should be complete, exact and followed until the end. Numerous changes and unexpected modifications in the plans could lead to a blown budget. Thus, make sure that you have a clear and exact plan from the construction to the labor to get the job done.
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If you want to start your dream renovation project, you can do so by finding creative ways to work within your budget. One of the best ways to save is being flexible in your design.
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If you want to start your dream renovation project, you can do so by finding creative ways to work within your budget. One of the best ways to save is being flexible in your design.
Marcus Coons says
I loved when you talked about updating your bathroom and kitchens first when remodeling your home. It makes sense that doing this can help you make sure you change the little things in your home that can have a big impact on how it looks and what its value is. My wife and I are thinking about remodeling our kitchen and wanted to make sure it was a good choice, so I’m glad I found your post.
Ron Pickle says
Very informative post! Completely resonates with my point of view. I am a contractor and always try to educate my clients about the importance of regular inspection and preventive maintenance to keep the house in top shape always, something that enhances the curb value. I loved your idea of going through Zillow and review the top priced houses, their features and learn from them, I think this would further add to the value of a nice house with no damages.
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The Busy Budgeter says
Definitely! What a great way to put it 🙂
Victoria Luisus says
Budget is a very important factor in remodeling house. Renovating or remodeling the home is a great way to increase the security and value of the home.
Marcus says
I appreciate your post, remodeling/ renovation of the house helps to home looks fresh and also increase the value of home but as you mentioned so tips with in budget how to be renovate the home is highly appreciated. Thanks for sharing!
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It’s as easy as don’t buy any unnecessary things.
home and community care says
Pretty good tips. I will surely do it. I think it will help me a lot.
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The big home improvement stores carry a variety of inexpensive styles and all you need to do is stick them in the ground. Not only are they functional – lighting your way at night – but they provide ornamentation as well.
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Waterproofing Kills Mold & Mildew and Keeps Them Out of Your Basement Mold and mildew love to make themselves at home in your basement. If it is dark and has any signs of water or water damages, chances are it has mold and/or mildew. Sadly, many homeowners simply accept the mold and mildew as part of having a basement. However, the truth is that both mold and mildew are very dangerous to your health! Mold, especially black mold, can be fatal, especially to children and pets. Mold spreads and reproduces with air-borne spores. These spores get into the air in the home and will make their way upstairs into the main air circulation of the home.
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Macs says
Good read. One must consider the budget most importantly in any home improvements. Remodelling and any home improvements will cost a lot depending on what part of the house you need work on. Thanks for sharing these helpful tips.
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If you want to start your dream renovation project, you can do so by finding creative ways to work within your budget. One of the best ways to save is being flexible in your design.
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If you want to start your dream renovation project, you can do so by finding creative ways to work within your budget. One of the best ways to save is being flexible in your design.
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Remodeling your home really make a lot of difference in aesthetics and value in the long run.
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If you want to start your dream renovation project, you can do so by finding creative ways to work within your budget. One of the best ways to save is being flexible in your design.
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Consider the function of your renovated basement when choosing flooring for the space: a playroom will benefit from a soft floor made from play mats or carpet while laminate or hardwood flooring will add warmth to a guest bedroom.
Ciara says
It is such a great idea to advise people that, in particular, may not have a huge budget but would like to make some changes to their home. All of the cost-productive tips are ideal and will sure be a help!
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If a contractor doesn’t have insurance and a worker gets hurt on your project, you could be liable. The same goes with accidents that damage your next-door neighbor’s home. “If you have scaffolding that fell and damaged the property next door, you want the contractor’s liability to cover the cost of that damage,” Get proof of insurance. Pick a contractor who specializes in your project type.
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The insulation present in a filled cavity reduces this heat loss, making the house warmer or reducing the amount of fuel required to maintain a comfortable temperature.
Insulation acts as a barrier to heat loss and heat gain, particularly in roofs and ceilings, walls and floors.
floor insulation says
If you want to start your dream renovation project, you can do so by finding creative ways to work within your budget. One of the best ways to save is being flexible in your design.
insulation says
Waterproofing Kills Mold & Mildew and Keeps Them Out of Your Basement Mold and mildew love to make themselves at home in your basement. If it is dark and has any signs of water or water damages, chances are it has mold and/or mildew. Sadly, many homeowners simply accept the mold and mildew as part of having a basement. However, the truth is that both mold and mildew are very dangerous to your health! Mold, especially black mold, can be fatal, especially to children and pets. Mold spreads and reproduces with air-borne spores. These spores get into the air in the home and will make their way upstairs into the main air circulation of the home.
Asia e-house design says
Home renovation is one of the most common and famous way to add a new look to your home. Many homeowners are become very serous for home renovation, you have share here useful and also effective tips for home renovation in efficient way. Use a good paint for your home because painting is one of the easy and best way to give a great and new look to your home and you can also do it yourself.
Joy says
Rosemarie, this is a great home improvement resource. My favorite tip is to pick the kitchen or bathroom to remodel first and work with what is already there. Now I see you don’t have to gut your bathroom to make it look better. Have a great 2018. My favorite remodeling tip is to see what you can find at thrift stores.
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Remodeling can be as simple as changing the paint color in your living room or laying a different color of carpet in your bedroom. Something this simple can make significant changes in your house’s ambiance.
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Preparing for a remodeling project is a lot like preparing to buy a car. You may know the room and style you want, but the options you choose may drive the price higher than you can reasonably afford. But there are ways to stretch the remodeling budget and end up with stylish results within budget.
jason robin says
I agree for all you given tips.Great ideas for home improvement.Thanks for sharing.
Burt Silver says
I like what you said about going to other websites and seeing what materials houses use, like granite and others. My wife and I want a remodel done in our bathroom, especially on the countertops. Having something like granite that is pretty and durable would be great!
Esther Diaz says
Thank you so much for sharing informative and great tips! Remodeling is one my favorite things to do. Cheers!
Daniel Martinez says
This is some incredibly great work and I am totally inspired by your work. I got some great ideas from this article. Thank you so much for sharing some informative tips with us 🙂
Sutton Turner says
I like how you suggested updating kitchens and bathrooms first when remodeling. We are remodeling our kitchen this summer. Thank you for the remodeling on budget tips.
Bernard Button says
You’ve got some great home remodeling tips. I love how you said that kitchens and bathrooms need to be updated before anything else. That’s exactly what we were thinking because our kitchen looks straight out of the 70’s.
Kyla Jocson says
Budget is the most important thing in renovation. One thing I did to save money on our renovation was asking friends for help. We did what we can DIY and hired professionals for those things that we can’t. Anyways, great points you have there. Thanks for sharing them 🙂
Brisbane custom built home says
There are contractors that will provide a good quality home for you. You just have to be patient in looking for them.
Ken Hwan says
My wife and I are considering a home remodel now that our kids are out of the house, but neither of us know where to start! I really appreciated the tip to start in the kitchens or bathrooms, it was very direct and just the advice that my wife and I needed! We were debating whether to remodel the kitchen or master bedroom, but we will go with the kitchen!
The Busy Budgeter says
Glad to help!
Bethany Birchridge says
I loved your tip to update kitchen and bathrooms pirst, as they have the most potential to save money on. My home is very old, so I’ve been wanting to do some home renovations. Do you have any tips for choosing a contractor?
Bethany Birchridge says
I loved your tip to update kitchen and bathrooms first, as they have the most potential to save money on. My home is very old, so I’ve been wanting to do some home renovations. Do you have any tips for choosing a contractor?
Adrian at NinjaDIY says
Hi Becky, this is an awesome post.
Loved the tips. Especially when you say that people usually tend to overspend when do remodeling. They are caught in the momentum of buying the property and they can’t stop … let’s do this, and let’s buy that … oh, let’s change that as well 🙂
And they end up going over their budget and if in the future want to sell the house, they might not get the value they have in mind.
But thanks for sharing this tips, I do encourage people to do some DIY wherever they are comfortable with, that is a great way to save a lot of money!
Adrian at NinjaDIY
John says
I like that tip to walk through local homes. You’ll get an idea of the scale of your neighborhood. After that, you should find something that makes your home standout to buyers though.
siding contractor Morris County NJ says
If you want to start your dream renovation project, you can do so by finding creative ways to work within your budget. One of the best ways to save is being flexible in your design.
concrete suppliers says
Remodeling can also take on the form of revamping or adding a bathroom, redoing a kitchen, overhauling your home’s exterior for improved curb appeal, or completing an addition to increase your home’s square footage and add valuable space. Big and small changes can both have an impact and will improve the way your home looks and functions, increasing its value and making it more enjoyable for you and your family.
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If a contractor doesn’t have insurance and a worker gets hurt on your project, you could be liable. The same goes with accidents that damage your next-door neighbor’s home. “If you have scaffolding that fell and damaged the property next door, you want the contractor’s liability to cover the cost of that damage,” Get proof of insurance. Pick a contractor who specializes in your project type.
good says
I know how hard you work behind the scenes to create beautiful content for us. This award is well deserved and couldn’t have happened to two better people.
Gloria Diaz says
This is great! I love all the information.
Peter Breen says
Great article! If you keep these tips in mind you’re in control. Because you can do it on your own! Just don’t forget to manage your time carefully too if you’re planning to do this.
Neil Dimapilis says
Thank you for this! who would want to overspend right? looking for the right materials at the lowest cost can be challenging but is worth in financial wise
Carolyn says
Some great tips here. Having to stick to a tight budget does not have to mean compromising on quality!
Geline says
This is an awesome read. Thanks for sharing this to us!
Ridley Fitzgerald says
Thanks for the great tips for remodeling a home on a budget. I hadn’t thought about over-improving it before, but it makes sense that we shouldn’t just dump money into our home all at once. My wife and I will look closely at the projects we want to do.
Allen says
The best approach to begin with is to look around, take note of what you like in your current kitchen, what you do not like and look at other kitchens. You can visit show rooms, flick through magazines, and visit other peoples homes or research online.
Keir Constructions says
Awesome tips on remodelling! Generally we try to do the same thing with our audience and educate them so that everyone can live a better lifestyle! Thanks for giving back such amazing tips!
Kathy Fowler says
Thinking back, I’m extremely happy we went poorly a more refreshed house. This home feels so us. We’ve truly put our central cores into it.
Portella says
Is this legal? Just joking of course, but I had no idea you can update your home without spending all the money you ever had. Renovation seems an expensive thing. However, you guys clearly show that it only seems so!
eric says
Thanks for the superb tips am planning on remodelling my house for the Christmas holiday, really can’t wait to start this project!
Dirk Tiu says
I found this really useful. Thank you for sharing!
stonework Northern NJ says
Stonework add on on your homes increases your house’s value.
Penelope Smith says
This is some really good information about home remodeling. It is good to know that it would be smart try to update the floors or the tiles in the bathroom or kitchen. I really want to get a home addition soon. But since it is such a huge job I should probably hire an expert to help me out.
Renovaten says
I appreciate your post, i totally agree with you remodeling/upgrading home helps to improve the beauty of home and also increase the value of home. Thanks for sharing effective and informative post.
Emery Ocampo says
Thank you for these tips! Good thing I’ve come across your post before I started my home renovation process. Thank you so much for sharing this!
Melissa Caron says
These are such great tips for budgeting a kitchen renovation! Budgeting plays a important part when it comes to making a difference in renovation! Thanks for sharing!!!
Andrew Perry says
It’s in every case best to lead a general check of the stability and wellbeing of the house before you go hard and fast and redesign the entire set up. Ensure that you have a sheltered space that will hold up well to every one of the progressions you’re arranging.
Adrey Paul says
Great Tips for budget-friendly remodeling of a house. I would like to add that Construction materials should be bought by quality suppliers or merchants. Thanks for sharing this amazing blog!