8 Ways to Save Money During a Home Renovation Project

Because every penny counts when you're renovating!
Discover 8 smart and budget-friendly ways to save money during your home renovation project. From DIY tips to energy-efficient upgrades, transform your space without breaking the bank! #savingmoney #homerenovation

Let’s be real here: renovating your home can be an exciting yet daunting task, especially when you’re trying to stick to a budget. However, with some savvy planning and smart choices, you can achieve your dream home without breaking the bank — I swear. As people who DIY most of our renovations, I’ve piked up a few strategies for saving money along the way. So today I wanted to share my top 8 tips for saving money during your home renovation project with you!

How To Save Money During a Home Renovation Project: 8 Tips I Swear By

1. Plan and Budget Wisely

I don’t start a single renovation project without a spreadsheet! Before diving into any renovation, take the time to plan meticulously. Create a detailed budget that includes all potential costs, from materials and labor to unexpected expenses. Having a clear financial plan will help you avoid overspending and make informed decisions.

I take this time to do my “pre-shopping” which later helps me pull together a moodboard to better visualize the space. For example, I’ll begin by sourcing lighting and then save the images of the products I like into a folder on my desktop. Then I collage the items together in Photoshop to make sure everything will sit well together.

2. DIY Where You Can

While some tasks require professional expertise, there are plenty of jobs you can handle yourself depending on your skill level. Painting walls, installing new fixtures, or even laying tiles can be DIY projects if you’re up for the challenge. Just make sure to research and follow tutorials to ensure quality results. As you probably know, we tend to DIY most if not all of our projects!

3. Reuse and Repurpose Materials

Get creative with the materials you already have. Repurpose old furniture, reuse cabinetry, or refinish existing floors instead of buying new. Thrift stores and salvage yards can be gold mines for finding unique, affordable pieces that add character to your home. Always shop your house first!

4. Shop Smart for Supplies

Comparison shopping is your best friend when it comes to buying supplies. Look for sales, discounts, and clearance items at home improvement stores. Online marketplaces and local classifieds can also offer great deals on gently used or surplus materials. You can also rack up credit card points by purchasing larger ticket items through their portal sometimes. Definitely look into that!

5. Prioritize Your Projects

If your budget is tight, focus on the most important areas first. Identify which projects will have the most significant impact on your home’s functionality and aesthetics. Prioritizing will help you allocate funds more effectively and avoid stretching yourself too thin. This is a big reason why we have not renovated our cabin kitchen yet.

6. Hire Wisely

If you do need professional help, choose your contractors carefully. Get multiple quotes, check references, and read reviews. Sometimes, the cheapest option isn’t the best, so look for a balance of affordability and quality. Don’t be afraid to negotiate prices or ask for discounts. You might even want to ask what the cash price is.

7. Avoid Last-Minute Changes

Changes to your renovation plans can be costly. To avoid these expenses, make all design and layout decisions before starting the project. Sticking to your original plan will save you money and reduce the stress of constant adjustments. This is where my pre-shopping strategy really helps, too.

8. Consider Energy Efficiency

Investing in energy-efficient upgrades can save you money in the long run. Look for energy-efficient windows, appliances, and insulation. While these items might have a higher upfront cost, they can significantly reduce your utility bills over time, making them a smart financial choice. A great example of this are the insulated shades we installed in our living room. They help to keep the room cozy in the winter and cool in the summer.

Bonus Tip: Be Patient

Renovations can be time-consuming, and rushing the process can lead to costly mistakes. Be patient, stick to your plan, and take the time to find the best deals and solutions for your home. I really struggle with being patient and wanting it to all be done 5 days ago. But sometimes you need to just take a step back and let it go. I’m definitely working on that aspect of renovations!

As you can see, saving money on a home renovation project is all about smart planning, resourcefulness, and making informed decisions. By following these tips, you can transform your space into your dream home without blowing your budget. Do you have any money-saving renovation tips to share? Let me know in the comments below! You guys always have such helpful ideas and recommendations. Happy renovating!

Photography & styling by Jojotastic.

Behind The Blog

Joanna Hawley-McBride is a Pacific Northwest-based social media strategist, content creator, and former textile designer. Joanna is the founder and editor-in-chief of Jojotastic, a lifestyle blog focused on Joanna’s work-in-progress cabin, finding the best pair of underwear through #UnderwearThesis, and empowering women to explore nature — all in her signature unfiltered style. Her work has been featured in Domino, CNBC, and Eating Well.

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