Loads of money can be saved with a properly planned and assessed renovation idea of house. This money, when taken together, would be enough for buying at least a car!
Saving money on House Renovation
House renovation activities include so many easy tasks that can be done ourselves like painting the inner walls of the house. Painting is a fun in itself.
Check the prices in within-reach stores for the stuff required like paints, tools,raw material in case new construction is done, interior decoration, etc. The pricesvary from one shop to another in a considerable basis. Also make sure that quality is not lost in the cheapest deals, otherwise it may cost you double later. Shopfor stuff on sale with the understanding of reason for sale.
Keep everything planned before heading to the contractor. Take the advice of the members residing with you in the new house. A small additional change after the work has begun may need to pay unnecessary additional charges in terms of labor, etc. during the house renovation.
Prices vary from contractor to contractor. One contractor may charge less but his way of executing the tasks may result you pay more than what an efficient contractor would do. Hire a good contractor from the ones popular in your city. Distance, season matters a lot in this case.
Consider renovating or improving in an off time of the year. For example, install an air conditioning system in winter season.
You do not need to pay the contractors more than 10% in advance for the house renovation contract if you are planning to do that through a contractor.