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Budgeting for a Kitchen or Bathroom Remodel: Tips for Keeping Costs in Check

Victor K • April 12, 2023

In 2018, the typical homeowner spent an average of $7,560 annually on home improvement projects. But what if you want to reduce your costs even further? With smart planning and budgeting, it's possible to achieve your bathroom or kitchen remodeling goals without breaking the bank. Read on to learn how to budget effectively and get the most value for your investment.


Budget Strategically for your Bathroom or Kitchen Remodeling

When planning for such a project, it's important to consider how long you plan to stay in your home. If you're only planning to live in the home for a short period, it may not be worth investing a significant amount of money into the renovation. This is because you won't have enough time to recoup the cost of the renovation through appreciation. So, it's essential to adjust your budget accordingly and aim to spend less on the remodel. By doing so, you can still improve the functionality and aesthetics of your kitchen or bathroom without overspending.


Consider Different Methods of Gathering Funds

According to a report by the Joint Center for Housing Studies at Harvard University, spending on home remodeling is expected to increase by 4.8% by the second quarter of 2022. With kitchen and bathroom remodels being some of the most popular home renovation projects, many homeowners will be looking for financing options to fund these renovations.


A home equity loan is a very popular option for home renovations. Interest rates for these are lower than other types of loans, including personal loans or credit cards, making it an attractive option for financing a bathroom or kitchen remodeling project. But always consider the terms of a home equity loan before taking one out.


Don't Make Last Minute Changes

Making last-minute changes during a kitchen or bathroom renovation can cause unnecessary delays and add extra costs. Many remodel experience delays due to changes in project scope, plus rush orders are known to hike up the costs. To avoid last-minute changes, it's important to have a well-planned and detailed design before starting the renovation process. Work with a professional kitchen renovation company like TOV Restoration to make sure all aspects of the project are accounted for, including the layout, materials, and budget.


Avoid DIY Projects for your Bathroom or Kitchen Remodeling

When it comes to home remodeling, it may be tempting to take on the project yourself in order to save money. According to research, many individuals gravitate towards doing their remodeling projects themselves, but DIY can often lead to costly mistakes and safety hazards. It's important to understand your own skill level and limitations before attempting any major remodeling projects. Bringing in a professional re-modeler like TOV Restoration can help ensure that the job is done right the first time through their kitchen remodeling services which can ultimately save you money in the long run.


Try Up-cycling and Recycling

When it comes to renovating your home, it's always tempting to go for brand-new everything. But have you ever considered the possibility of up-cycling and reusing existing items? According to statistics, around 21% of Americans are now up-cycling. Not only is this Eco-friendly, but it can also save you a lot of money in the long run.


So before you go ripping out those bathroom tiles, take a closer look at them. Are they in decent condition? Could they be cleaned up and repurposed in another area of the bathroom? With a little bit of creativity, you might be surprised at how you can breathe new life into old items and save money on your kitchen remodeling project. Contact TOV Restoration now for more ideas and services.

 

Ae you a contractor struggling to stay within the budget for kitchen and bathroom remodel or similar projects? Here are the common financial mistakes to avoid that you must follow.

How to Build an ADU: A Quick Project Guide

By Victor K • October 16, 2024
Building an ADU in Seattle is possibly the best way to increase the value of property, create additional space to live in, or generate rental income. Without proper guidance, the process will be overwhelming. In this guide, we'll take you through steps on how to build an ADU Seattle with adherence to all local regulations. A Quick ADU Seattle Project Guide Identifying the Needs an ADU Can Fulfill First and foremost, you need to understand why you need an ADU. An ADU can fill several needs since it is highly versatile. These include: Rental Income: Many homeowners build ADUs to create passive income through the opportunities of long-term or short-term rentals, even vacation rentals. Family Accommodation: ADUs can offer comfortable living space to aging parents, adult children, or extended family members, making the home multigenerational. Guest Quarters: An ADU can house guests with privacy, not affecting the main living space. Home Office or Studio: As many people work from home, ADUs are an increasing selection for silent home offices, studios, or creative areas. Once you have a concrete idea of the need your ADU will serve, you can settle on a design that meets those specific needs and yet still aligns with the local regulations. 

Design Ideas For Your Seattle ADU: Making The Most Of Limited Space

By Victor K • October 14, 2024
Are you on a hunt to design your ADU Seattle? But don't want that cookie-cutter look? Well, Seattle is always ahead in solving space constraints and increasing property value. That is where ADU kicks in. Whether you want a cozy guest space, a dedicated home office, or a rental income opportunity, here are some creative Seattle ADU ideas that reflect you. A Brief Insight Into ADU Seattle Accessory Dwelling Units (ADUs) in Seattle are the perfect way to have your cake and eat it too! These charming Eco-friendly ADUs Seattle offers a cozy hideaway to your property. You can do anything in these ADU Seattle whatever your creative soul want you to do. Reach For The Ceiling Vertical space is the most important thing to consider for your ADU Seattle. Because, after all, you don't have much area horizontally. But we need storage along with design, so think upward. Install floor-to-ceiling shelves. Such an approach maximizes storage and draws the focus upward. Wall hooks and hanging organizers are another great option. They are perfect for storing stuff like pots and pans. Further, it keeps your floor clear and your space clutter-free. And if you're an adventurous personality, then consider lofted or mezzanine sleeping areas. At TOV Restoration , our creative craftsmanship not only build your ADU Seattle but also offer you innovative design ideas that suits your taste. 

Why Choose a DADU? The Benefits of Detached Living in Seattle

By Victor K • October 10, 2024
In the hustling and bustling city of Seattle, when space is highly limited, home owners are now increasingly using innovative housing solutions like DADUs, or Detached Accessory Dwelling Units. A DADU is an alternative living space-one that combines independence with the benefits of detached living. In this blog, we are going to explore what a DADU Seattle is, its various considerable benefits, and why you should consider it on your property. What is a DADU? A DADU is a self-contained living unit on residential property, detached from the main house. It is meant to independently support living needs in one room, with a kitchen, bathroom, and sleeping area. DADUs range from guest house to rental income possibilities to giving family members their private space. DADU vs. ADU Seattle: Understanding the Difference While both ADUs (Accessory Dwelling Units) and DADUs offer extra space, the distinction between the two is in their structure. A DADU would be detached from a house whereas an ADU would typically be built into an already existing structure. One may be more fitting than another, depending on your needs. As you consider DADU construction Seattle, you should first take your goals and preferences into consideration. Benefits of DADUs Increased Property Value A DADU Seattle is a fantastic way to boost property value. With the demand for housing increasing, a detached living unit provides an amazing selling point. The extra space that will be allowed is flexible; there will be several choices for buyers over what its intended use is in a very competitive market. 
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