For most of us, the thing that’s most likely to bring our home improvement dreams to a grinding halt isn’t a lack of inspiration, or creativity, or a clear picture in our minds of what we really want our living space to look like. It’s quite simply a lack of money, and feeling like we never quite have the budget available to make the improvements that we really desire.

It can be massively frustrating, and there have been plenty of times in the past when I’ve been in a similar situation. What’s really important to recognise here though is that you have options, regardless of your circumstances. You don’t have to give up on your renovation ideas altogether, and often it’s simply a case of being a little savvier with your cash. You could research loans for bad credit, for example, or you could consider practical ways to make your budget for further.

Here’s some of my best advice for paying for that home improvement project that you’ve been dreaming of…

Work out exactly how much cash you’ll need

So this might seem like simple common sense, but it’s amazing just how often it’s overlooked. Particularly if you’re thinking about a larger project such as installing a new kitchen, it’s all too easy to fall into the trap of thinking that you need a ridiculously large sum of money, and that you’ll never be able to scrape it together.

Before you do anything, or you make any assumptions, get the facts. It’s estimated that a new kitchen costs around £8,000. From this point, you can start working out how much you’d need to save each month to make your improvements within a specific timeframe, or you could start to research savings that you could make along the way to slash the cost. It’s all about breaking things down and creating a plan.

Ask yourself where you’re willing to make some compromises

In an ideal world, money would be no object and you’d be able to have exactly what you want, without having to think about the cost implications. But in reality, there are some compromises that you might be willing to make that will mean that you can be funding your home improvement project quicker than what you initially imagined.

Marble worktops, for example, are notoriously pricy, and will eat up a significant amount of your budget. At the end of the day, you can probably have plenty of things that you love, but do ask yourself where savings could be made for the components that you’re not that fussed about.

Don’t be scared to get your hands dirty

Labour can be one of the biggest costs when you’re planning an improvement project, and it can massively inflate the total price that you’ll be expected to pay. Trying your hand at a little DIY could save you a big amount of money, and create a bigger budget for the items that you really care about. Removing kitchen cabinets is a task that’s more manageable than you might think, and you only need a few tools.

Do remember too though that there are some tasks that are just better left to the professionals. Never, ever attempt to mess around with gas or electrical supplies on your own, even if it will save you some money – ultimately, the risks are just far too high!

Funding your home improvement project might seem tricky, but it’s totally doable if you have a plan in place. Are there any extra tips that you’d like to share around creating your dream home on a budget?




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