4 Quick Tips to Remodel on a Budget
Kitchen and bath remodels are widely considered the best return on investment for homeowners. But designers caution that people should prioritize house updates that will make their lives more comfortable, especially if they will be staying put for a while. Still worried about remodeling on a tight budget? Here are ways to upgrade the without breaking the bank.
Install additional lighting
“It doesn’t cost a lot, but it adds ambiance to the room, and there is lighting to fit any budget,” says Alan Zielinski, former president of the National Kitchen & Bath Association and owner of Better Kitchens, Niles, Ill.
Think about what’s most visible
“In the kitchen, it’s the countertops, cabinets and flooring,” says Danny Lipford, veteran remodeling contractor, home improvement expert and syndicated television host. “Modernize those [elements] and it makes the biggest difference, compared to just putting in a new stove.”
Restain the grout
“It’s a popular DIY project that works amazingly well and makes your bathroom look much better,” Lipford says. “It’s a great return on your investment since you may only spend $15 for the stain.”
Upgrade fixtures
“Small style upgrades are important,” Zielinski says. “Upgrading to energy-efficient, low-flow faucets and more can help modernize your bathroom.”
The bathroom update can have widely varying costs. Those who shop for bargains and frequent outlet stores can create a beautiful space with just $5,000. For those with bigger budgets, a luxurious marble bathtub can cost more than $5,000 alone. Other costs that can climb quickly: tile, vanities and luxury amenities like heated floors.
If electric and gas bills are an issue, new windows or doors can do the trick. They will improve energy efficiency and can offer greater privacy.
Some windows offer energy-saving layers of insulated glass sandwiching argon or krypton, which are colorless, odorless gases that minimize the heat penetrating the window.
Herman Chan, a realtor in the San Francisco Bay Area, recommends dual-pane windows. The cost will be anywhere from $500 to $1,500.
The National Association of Home Builders puts window/door replacement return on investment (ROI) at 44 percent, not including the money saved on energy bills.