The start of a new year is the perfect time to plan for updates and remodeling projects around your home. Your budget may be holding you back, but with proper planning, you can save what you need to give your bathroom a fresh look. Here are some tips for saving money so you can afford a beautiful new bathroom in 2018:
Cut Back on Expenses
One of the first things you need to do is look at the areas where you can cut back and spend less. Take an honest look at your weekly and monthly expenses, and see where you can make cuts. By reducing your expenses, you will have more leftover to put into your savings.
Create a Dedicated Savings Fund
In order to ensure your savings won’t be spent on other things, you should create a dedicated savings fund. You may want to open a new account with your bank that is connected to your checking account. This will allow you to easily transfer money to save for the project. You’ll be able to watch the savings build up over time, and keep better track of your progress.
Prioritize Spending
If a home renovation project is a priority for you, then you will need to reduce your spending on other things. Make a list of your top priorities and allocate money toward them. A bathroom remodel is an excellent priority because it will add value to your home and give you an updated space to use and enjoy every day.
Make a Budget
If you don’t already have a budget, now would be a great time to make one. A budget allows you to see your monthly expenses and to track where your money is being spent. You can also determine how much money you would like to spend on a new bathroom, and inhibits you to save more since you can easily identify the categories where costs can be reduced.
Plan the Project
Proper planning is one of the keys to keeping the costs of a remodel in check. As you start saving for a new bathroom, you can begin to plan it out. Think about what you would like to have in the space and what elements may need to be replaced. We offer free in-home estimates, so one of our bathroom remodeling experts will be able to tell you exactly how much you need to save. By planning ahead, you can have realistic expectations about the total cost and the completion of the remodel.
Contact us to start planning and saving for a beautiful new bathroom. The new year brings the opportunity to make improvements in both your home and your budget.
