
As you're looking at Klamath Falls homes for sale, you may decide to eschew a new, perfect house in favor of an older one you can fix up yourself. Not only is it a great way to save money, but it's also a great way to make your home exactly the way you want it. Unfortunately, it's also a great way to spend an obscene amount on renovations. Here are some ways you can keep those costs in check when fixing up your new home.
- Budgeting. It's important to go in with a plan. Map out what renovations you want to do, how much you can expect them to cost, and how much you're willing to spend. Set a budget not just for the project as a whole but for each room. For instance, the kitchen is, on average, about 15% of your home's value. So the budget for kitchen renovations shouldn't exceed 15% of what you paid for the house. Breaking costs down this way will help you stay on budget.
- Bidding. Never commit to the first contractor's estimate. Always get a minimum of three bids to compare and contrast. Make sure they give you a clear picture of everything they'll be doing for that price too. The cheapest one may cut corners, while one of the more expensive options gives you better overall value for the price. Once the bids are in, vet each contractor thoroughly. Look them up on Yelp and Angie's List, and ask for a list of past customers you can talk to so you can get a feel for how satisfied people are with the finished product. Finding out too late that a contractor isn't up to the task can cost more in the long run.
- Communication. Keep the lines of communication open between you and your contractor. Be in contact with them through every step of the process to know what's going on, how long it's taking, and how much it's costing. This will help you avoid any surprises that can cause renovation costs to balloon out of control.
- Materials. The materials you use in your renovations are an investment. Choosing high-quality materials can cause your costs to increase significantly. They can also save you money in the long run. For instance, do you want vinyl floors, which are inexpensive, easy to install, and will last about 10 years? Or do you want hardwood floors that cost much more, both to purchase and install, but will last for decades? Bear in mind there's no right or wrong answer. It just depends on what's best for your budget and your needs.
- DIY. You can save on renovation costs by doing certain tasks yourself. Painting the walls, for instance, is a simple task almost anyone can do, reducing labor costs. Certain types of flooring, such as vinyl and laminate, are also easy to install yourself without any prior training. If you're handy with tools, there may be other tasks you can take off the contractor's bill as well. Just be careful always to put safety first. Any task you're not experienced with, are uncertain about or don't feel safe doing should be left to the professionals.
With just a little bit of work and a little bit of planning, you can turn an older house into the home of your dreams. Contact us if you're ready to make Klamath Falls your new home. Our real estate agents can help you find the right house for you.