07/13/2025
5 Ways to Save on Home Renovation Costs So You Don’t Go Broke
By Daniel Bortz
1. Don’t do a complete remodel
Unless the room needs to be completely gutted, you can cut costs by refurbishing existing
fixtures. When renovating the kitchen, staining the current cabinetry, replacing old drawer
handles, k***s, and refacing moldings can save you thousands of dollars. In fact,
refinishing existing cabinets can save you up to 50% compared with the cost of buying new
cabinetry, according to Angie’s List. You can also cut costs by purchasing materials (e.g.,
granite, flooring, or lighting) yourself, says Chris Dossman, a real estate agent with Century
21 Scheetz in Indianapolis.
2. Pick decent, midgrade materials
Picking premium options or materials can raise the cost of your remodeling project
substantially. One area where you’ll find a major price difference? Carpeting.
While basic olefin and polyester carpeting costs around $1 to $2 per square foot, wool can
cost upward of $9 to $11 per square foot, according to Angie’s List. Those costs add up if
you’re recarpeting a large room or an entire floor.
Another biggie? Countertops: Granite costs $60 to $100 per square foot; laminate (i.e.,
Formica) looks like granite for $10 to $40 per square foot.
3. Do prep work yourself
To reduce the hours your contractors will need to put in—and save money on labor—do
light prep work yourself, says Dossman. By removing and discarding old carpeting on your
own, for example, you’ll shave time off the installer’s bill, which can lead to substantial
savings when you consider that many companies charge an additional $4 per yard to
remove old carpet.
4. Go DIY, but know your limits
Another way to cut remodeling costs is, of course, to do the work yourself. That’s a good
move for small projects, like painting a bedroom, where the work is fairly simple. Also, the
materials you'll need, including paint, brushes, sandpaper, and tape, cost only $100 to
$200. (Professional painters, meanwhile, charge $25 to $100 an hour.)
With larger projects, however, rolling up your sleeves probably isn’t the best decision—
especially if you lack handy skills. For major home improvement projects, you'll want to
hire a professional to do the work—it’ll cost more, but it's worth it. Let's face it: The last
thing you want to do is cheap out and need to pay a second contractor to redo the work.
For the 5th tip, check out the link
Check out these smart ways to save on home renovation costs to achieve the home of your dreams without blowing wads of cash.