Home remodeling is an expensive ordeal and requires a substantial investment. Controlling construction cost requires carefully selecting house remodeling ideas that will add value to your property while enriching the owner’s lifestyle.
In addition, when planning a major home remodel project, it also should be your goal to wrap in house maintenance projects of products that are at the end of their service life.
An example of this is replacing the composite roof shingles because there near 30 years of age and scheduling the replacement of siding and exterior painting within the same project schedule.
By including multiple projects together, the owner can save some money, reduce consequential damage to other related parts of the house and get a completely new updated look at the end.
This article is focused on combining house remodeling ideas together when planning a home remodel.
One of the greatest underappreciated features of a major Houston remodeling project is that it should be synchronized with replacement of obsolete house products like new roof shingles, windows and appliances.
The results of combining the required obsolete product replacements with a major home remodel project can save you a substantial amount of money and future inconvenience.
Understanding the financial impact of combing projects is important in getting a complete appreciation for the direct and indirect total cost of the project. Once this total cost is captured it should be added back to the existing mortgage balance to determine the owner’s equity in the property.
The owner can compare the equity balance to the comparable house sales prices on the market. The result of this comparison can indicate how favorable the house remodel improvements will result in the future investment return.
We will discuss the different kinds of financial benefits and the way they are measured that can be obtained from house remodeling ideas that are combined and contribute to a greater future value of the property.
Learn how combining home replacement products with house remodeling ideas can boost your home financial results
Economies of Scale
The principles of economies of scale are an economic theory that suggest that the cost of producing one unit is less when many units are produced at the same time.
So, in the case of combining multiple home improvement projects, the owner experiences more competitive cost advantages then they would experience doing these projects independently.
This condition that benefits the owner are the direct results of the general contractors buying power, the cost of capital to finance the combined projects and project managerial economies.
Production builders provide an excellent example of how purchasing power can afford the builder better pricing on buying in bulk.
Also, by including product replacements into the house remodel project, service cost associated with product replacements such as hourly rates, trip charges and minimum charges dissipate.
The economies of scale can contribute to the house remodeling ideas return on investment.
Energy Cost Savings
Major Houston remodeling projects by their nature commonly involves the removal of sheetrock, windows, old appliances and equipment’s.
Home remodeling ideas provides opportunities to reduce the owner’s energy conception in the future by introducing more energy efficient products into the rebuilding of your house.
There are many intelligent energy efficient improvements that can be introduced into a house remodel project. The thing to determine is the length of time that it will take to return your investment.
This can usually be determined by calculating the total savings and dividing it by the cost of the product. This will yield the period of time required to recapture the investment.
Examples of these types of energy efficient house remodeling ideas are;
- Windows & Doors
- Air Infiltration Seals
- Insulation – Foam & Blanket Batts
- Kitchen & Laundry Appliances
- LED Lighting and the Use of Dimmers & Low Voltage
- Multi Zone – High SEER Air Conditioning Systems
- Increased Attic Ventilation During New Roofing Membranes
- Solar System
Homes Resale Value
We have all heard that your house will increase in value if we hire a remodeling contractor to make improvements.
This is not always the case, but during a period of rising house values it makes it easier to recapture your home remodeling investments sooner. It also depends on the types of remodeling ideas you undertake.
Buyers react differently to the various types of home improvements commissioned relative to the age of the house.
From a prospective buyer’s point of view, when older homes are not updated or have older house products that are near their service life expectancy, they commonly become subject to buyers discounting their market values during the sales process.
They understand through the requirements of mortgage financing house compliance inspections, that there is an anticipated need for additional future investments after the purchase of the home.
This prompts the buyer to request the seller of the house to discount the asking price for compensation for the needed improvements.
Tax Credits & Tax Savings
Although tax deductible savings and tax credits are seldom the driving motivation behind why an owner should remodel their house, they can be an attractive benefit to consider when planning a project over buying a new home.
The tax laws change every tax year but we will list some of the common home improvements that are recognized as tax credit worthy; energy efficient windows and doors, wall & roof insulation and high efficient air conditioners.
There are also certain types of heat reducing roof membrane components that are also eligible for varies tax credits.
In addition, other home remodeling products that justify tax savings are furnaces, natural gas water heaters and certain types of back up energy systems like solar systems, geo thermo and generators.
It is important that the products you select are energy star certified to comply with the tax code.
It is also note worthy that your home be evaluated for additional low cost energy savings products like deeper depth of attic insulation, exterior caulking and ceiling fans. All of which will pay for themselves in a short period of time.
Insurance Claims
Insurance disaster claims supplies homeowners with another type of opportunity to save money on house remodeling projects.
This is not to say that you should wish for your home to experience a disaster, but rather if you are unfortunate enough to suffer from an insured home disaster, an opportunity exist for subsidizing a much more extensive home remodeling project at a substantially less total direct cost.
Another advantage of making the best of a bad situation is that you will likely be displaced from your home with a major house insurance claim disaster.
Using this displacement time to improve a larger scope of your home lessens the likelihood of being inconvenienced in the foreseeable future by a major Houston remodeling project.
The major advantage is that your insurance claim benefit actual subsidizes your remodeling project. This is a situation that only occurs as a result of an insurance claim event.
So, if you were actually considering a major home project, it is well worth evaluating the impact that one of these cost savings mechanisms may have on your planning and total home renovation cost.
Budget-Friendly Remodeling: Top Tips to Transform Your Home Without Breaking the Bank
Are you dreaming of a spectacular home makeover, but are having nightmares about the cost? Well, if the answer is yes, you don’t have to worry about the financials for giving your space a fresh, new vibe without emptying your wallets. How? Well, here are some savvy tips to help you remodel on a budget while still getting impressive results.
1. Repurpose and Revive
Most people spend a fortune on buying new furniture, but you can breathe new life into what you already own. Just opt for a fresh coat of paint, and it can work wonders on old cabinets, tables, or shelves. Just reach out to the professionals, and you can get a budget-friendly and personal touch to your space.
2. Focus on High-Impact Areas
Work with professionals to tackle projects that make the most noticeable difference. For instance, try updating your kitchen backsplash or replacing bathroom fixtures as they can instantly level up your space. These are small changes that can create a big impact without a hefty price tag.
3. Opt for Peel-and-Stick Solutions
Work with contractors who can offer you wallpaper to tiles, and peel-and-stick options that are easy to apply, are cost-effective, and can be swapped out when you are ready for a new look. In fact, it’s a fantastic way to experiment with trends without committing to any expensive overhauls.
4. Shop Smart
Hit up thrift stores, clearance sales, and online, or online marketplaces for unique finds. Trust us when we say this, you will be surprised at the treasures waiting to be discovered, which is perfect for adding charm without breaking the bank.
5. Get Creative with Lighting
The next thing you can do is replace outdated light fixtures with modern, cost-effective ones or add string lights for a cozier ambiance. You might not realize this, but good lighting can dramatically transform your room’s mood.
Start small, think smart, reach out to the professionals and let your creativity shine! With these tips, your dream home will be a budget-friendly project away.
Seasonal Remodeling: Best Times of the Year for Discounts on Renovation Materials
When it comes to house remodeling your home, let us tell you timing is everything. Whether you are planning a small upgrade or a big renovation, you have to understand the best times of the year to shop for materials that can help you save significantly. In fact to make it simpler for you, here’s a guide to seasonal trends in discounts, so you can plan your project without overspending.
- Winter Deals
These deals are around the December- February slot. During the prime winter time, you can plan to snag discounts on renovation materials like flooring, paint, and tools. Often, retailers clear out inventory during this period to make room for new stock, so there is a chance that you can get renovation materials at relatively reasonable prices.
In addition, with fewer people remodeling during the colder months, contractors may also have more availability, which can lead to lower labor costs. If your project involves indoor work, winter could be your golden window.
- Spring Sales
The spring sales fall during the March-May time. As the weather warms up, home improvement stores tend to host spring sales due to the massive surge in house remodeling projects. During this time, you can keep an eye out for garden supplies, outdoor furniture, and landscaping materials. In addition, this is also the best time to purchase patio furniture, grills, and decking materials for outdoor projects before the peak summer demand drives up prices.
- Summer Clearance
Yes, the summer season from June to August is also a popular time for renovation as it brings end-of-season sales. So, around late July and August, retailers start clearing out their summer inventory, and offer markdowns on outdoor furniture, grills, and seasonal items. Although this period is a great window to save money, you need to remember that peak demand can make contractor availability scarce, so book services early if you need professional help.
- Fall Bargains
When the autumn starts to unfold with its stunning fall palette, you can get great discounts during the September to November slot. Believe us when we say this, fall is a hidden gem for deals on large appliances because retailers clear out their old models to make space for new arrivals.
In addition, this is also a brilliant time for homeowners to buy windows, doors, and insulation materials, because this is usually the time when stores prepare for winter. You can get discounts on holiday sales, like Black Friday, and it can be another great opportunity to pick up tools and gadgets at a fraction of the price.
In fact to make it easier for you, here are some pro-tips for year-round savings!
| Pro Tip | Description |
| Shop Clearance Sections | Regularly check clearance aisles for unsold stock to find discounted renovation materials. |
| Look for Holiday Sales | Labor Day, Memorial Day, and President’s Day often bring deals on appliances and materials. |
| Buy Off-Season | Purchase items like air conditioners in winter or heating systems in summer for significant savings. |
Creative Storage Solutions to Maximize Small Spaces Without Big Costs
Texas has about 12.4 million housing units, including 9,646,930 residential properties and 8.2 million single-family homes. With so many properties in Texas, and the real estate prices so high, finding an expansive space is no cakewalk. Living in a small space can feel limiting, but with some creative storage solutions, you can make the most of every square inch without spending a fortune. Whether you are dealing with a compact apartment or trying to declutter a small room, these budget-friendly ideas will help you organize your space while maintaining style and functionality.
- Using Vertical Spaces
When floor space is limited, think up! Walls provide ample opportunity for storage. Install floating shelves, wall-mounted hooks, or pegboards to keep items off the ground. For kitchens, use magnetic strips to hold knives or metal utensils. In bedrooms, consider tall bookcases or ladder shelves to make use of vertical space without crowding the floor.
- Furniture With Hidden Storage
Invest in multi-functional furniture that doubles as storage. Ottomans, beds with built-in drawers, and coffee tables with hidden compartments can help you store items like blankets, books, and seasonal clothing. A storage bench in the entryway or at the foot of your bed is another practical and affordable option.
- Over-the-Door Organizers
Doors are often overlooked but can be great storage spaces. Over-the-door organizers can hold shoes, cleaning supplies, toiletries, or pantry items. They are inexpensive, easy to install, and can instantly declutter surfaces and shelves.
- Use Baskets and Bins
Baskets and bins are versatile, affordable, and stylish storage solutions. Use them to group similar items in closets, under sinks, or on open shelving. Opt for stackable bins to maximize vertical space inside cabinets or closets. Wicker or fabric baskets can also double as decor elements in living rooms and bedrooms.
- Maximize Underutilized Areas
Make use of hidden or underutilized spaces like the area under your bed, couch, or stairs. Under-bed storage boxes are perfect for keeping out-of-season clothing or extra bedding. If you have a staircase, consider adding pull-out drawers or a small storage unit beneath it.
- Create Zones With Curtain Dividers
In open-plan spaces, create designated zones using curtains or room dividers with built-in storage. For instance, a shelving unit can act as both a partition and a place to keep books or decorative items, as this adds privacy and organization without the need for major renovations.
- Repurpose Everyday Items
Get creative by repurposing items you already have. Mason jars can hold office supplies or bathroom essentials, while shoe boxes can be covered with decorative paper and used as drawer organizers. Old suitcases can be turned into chic storage for extra linens or keepsakes.
- Label and Categorize
Keeping small spaces organized is easier when everything has its place. Use labels to categorize items, especially in shared spaces like pantries, closets, or laundry rooms. This ensures everyone knows where things belong, reducing clutter and frustration.
- Rotate and Declutter
Lastly, practice regular decluttering. Store items you don’t use frequently in less accessible areas and rotate them as needed. For instance, keep seasonal decorations or clothing in vacuum-sealed bags to save space.
Home Remodeling Mistakes to Avoid for Budget-Savvy Homeowners
Yes, home improvement can be an exciting journey, but along the way, it’s quite easy for you to stumble into costly pitfalls if you aren’t careful enough. Instead, you can be a budget-savvy homeowner who knows what to avoid if you want to save more in the long run and avoid costly mistakes.
Lucky for you, we have made a list of some of the most common remodeling mistakes to steer clear of, so your project stays on track and within budget:
1. Skipping the Planning Phase
This is one of the biggest mistakes homeowners make during their home renovation. Most people dive into a house remodeling project without a solid plan and this leads to delayed timelines, non-achieved goals, extended budgets, and half-finished work. This is why you need to learn from other people’s mistakes and take the time to create a detailed plan, including a realistic budget with a cushion for unexpected expenses.
2. Ignoring Permits and Regulations
So, skipping permits to save time or money can and will definitely backfire. Unauthorized work on home remodeling may also lead to hefty fines or complications when selling your home, so research your local building codes, and secure all the necessary permits before starting out.
3. Selecting the Cheapest Materials
While it’s tempting to cut costs with low-priced materials, cheap doesn’t always mean cost-effective. Poor-quality materials may wear out faster, leading to costly repairs or replacements down the line. Instead, look for durable, mid-range options that balance quality and affordability.
4. DIYing Beyond Your Skillset
Yes, DIYs can save you money, but if you are tackling complex tasks like floor plan, carpentry, masonry, electrical wiring, or plumbing without professional expertise, it can be quite dangerous and expensive to fix. Always know your limits, and don’t hesitate to hire professionals for critical or technical aspects.
5. Neglecting Energy Efficiency
Energy efficiency in your remodelling project isn’t just good for the environment as it reduces your carbon footprint, it’s also good for your pocket. Overlooking energy-efficient upgrades, such as LED lighting, insulation, or energy-efficient windows is a massive mistake, as it can result in higher utility bills. This is why you need to invest the smarter way in energy-efficient upgrades and save your money in the long run.
6. Overlooking Small Details
Small details like hardware, light fixtures, or trim can make a big difference in the final look of your remodel. But, most people neglect them and this leaves their project feeling incomplete or mismatched. Don’t be like those people. Allocate a portion of your budget to these finishing touches and make your home look incredible.
7. Failing to Shop Around
Whether it’s materials or contractors, don’t settle for the first option during house remodeling. Compare prices, read reviews, and negotiate where possible to get the best value for your money.
Conclusion
The effect of combining major house remodeling ideas will have a favorable result on the financial outcome on the return of investment.
Depending upon the home remodel projects the benefits will differ and may not enjoy all of the indirect total cost savings, but if properly managed will result in a higher equity base value of your property.
With the guidance of a professional home remodeler, a well detailed construction plan and the right remodeling ideas, an owner will substantially be better off financially on the ultimate value of their homestead.
