Written by the Canadian app reebee. reebee is the top-rated free platform for discovering products and making your best purchasing decisions.
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DIY (Do It Yourself) season is upon us.
When Spring arrives, many of us take on new home improvement projects to make our spaces more functional and enjoyable.
But if you don’t take time to plan and budget your project expenses, supplies can add up quickly. We have outlined six easy tips for saving money on home improvement projects below!
Let’s get started.
1. Don’t rush into it. Make a plan
What is it you’re trying to tackle?
Make a list of everything you will need to complete the project, as well as a timeline.
This way, you will go into the project knowing what is required, when you will need to buy it, and how much it will cost.
Avoid rushing into a home improvement project.
Take time to plan exactly what you envision and how you will go about executing.
2. Develop a realistic budget and monitor prices
Be clear with your budget and stick to it.
Additionally, use reebee’s search tool to explore weekly deals for specific items from your list. The search results can be organized based on the lowest price available near you.
If you spend some time checking out prices before you start your project, you will have a more realistic sense of overall cost.
By watching prices, you will also be able to act on sales. The less you buy at full price, the better.
3. Utilize major savings events
Have you heard of Spring Black Friday?
This is a major savings event that takes place in early Spring among many Canadian home improvement retailers.
Similar to Black Friday, big-ticket items such as tools, furniture, home appliances and more see major price drops during this event.
If you can purchase some of the items you will need for your project during Spring Black Friday, you can reduce your spending significantly.
4. Consider your skill level
Before you get started on your project, it’s a good idea to ask yourself:
What can I do myself?
Where might a professional be helpful?
Do your research, watch YouTube videos and consider what is within your skillset before you start.
If you take on more than you can handle on your own, you may end up spending a lot of money to have someone to fix it later.
5. Budget for the unexpected
When taking on a home improvement project, it is important to allot some of your total budget to the “unexpected”.
The amount you budget towards flexibility will depend on the size of the project you’re taking on.
For a simple paint job, you may not need to save as much.
But for a full kitchen renovation, prepare for the unexpected with a larger “just in case” pool.
Things go wrong.
Be confident in knowing you have money set aside if or when that happens.
6. Reuse and upcycle
Once you have completed your project plan, shopping list and budget; take a look at what you already have on hand.
Have some leftover materials that could be repurposed in your next project?
Consider giving materials a second life.
Not only is this sustainable for your wallet, but also for the environment. Reuse and upcycle where you can!
Finally, don’t forget to check out the reebee app for more savings and finding the products you love!
Thanks for reading, please let me know your thoughts and comments below.
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Sagar Sridhar is a personal finance blogger from Canada. His genuine passion for personal finance coupled with his unique style of writing is what stands out. Professionally, he is a computer engineer, agile certified and has a master’s degree in Project Management. His writing has been featured or quoted in the leading Canadian publications such as Credit Canada and many other personal finance publications. While he is juggling between his day job and blogging, he is the main author on this blog and has miles to go before making the final pit stop.