Where to Save Money and When to Splurge When Remodeling or Building Your Home
Embarking on a remodel or construction project can be an exciting yet daunting experience. Balancing your budget while aiming for a timeless design is key to creating a space that reflects your style and meets your needs. Here’s a guide on where to save and where to spend to ensure you achieve the luxurious, custom home you desire without compromising on quality.
Invest in Durability
When it comes to items you use daily, such as flooring, cabinets, and the primary suite, we recommend investing in durable materials. These elements not only withstand the test of time but also minimize the need for frequent replacements or repairs, saving you money in the long run.
Where to Splurge
I recommend splurging on things that are used every single day and get HARD use. Whether you have kids, pets, or both, investing in these places will ensure that your home withstands the test of time. It is also best to invest while you have an experienced contractor, tradesperson and better yet, a building permit.
Cabinets: High-quality cabinets are essential in both the kitchen and bathrooms. Believe me, they get used all the time, especially the trash receptacle. The last thing you want is your cabinets breaking within the first six months. Opting for custom or semi-custom options ensures longevity and better functionality. You can start developing your ideal cabinet design and storage solutions with your interior designer. Then we will take them to a cabinet maker where they draft the construction drawings to show you what everything will look like. You’ll be able to select the style of the cabinet whether it’s inset, full overlay or partial overlay along with the stain or color. There are so many additional cabinet features to include as well like slow close doors and drawers, power outlets, small appliance storage and more.
Flooring: Choose durable flooring materials such as hardwood or high-quality engineered wood for areas with high foot traffic. This investment pays off in longevity and ease of maintenance. It also aids in the home’s resale value. Be aware that wood floors will patina over time giving you that rich, lived-in feel that we all love.
Windows and Doors: Quality windows and doors improve energy efficiency and enhance the overall aesthetics of your home. Invest in solid core doors to minimize noise and pick a fun panel style to add character.
4. Primary Bath Tile:
Invest in luxury tiles for your primary bathroom to create a spa-like retreat. Taking a hot shower either to help wake you up or end a long day makes that water-jet tile mosaic truly worth it.
Where to Save
If you’re on a budget and need to cut costs, these are the areas I would recommend you do that. It won’t sacrifice function or the looks of your home. You can always switch them out for a more luxury item later on.
Cabinet Hardware: While cabinet pulls and knobs are important, you can find stylish yet affordable options that fit within your budget. One of our favorite websites is TopKnobs.com. Order samples to get a sense of weight and view the finish colors. Our rule of thumb is to buy pulls that are ⅓ the size of your drawers. And yes, we like knobs on doors and pulls on drawers.
Secondary Bath Tile: Save on tile for secondary bathrooms. There are plenty of beautiful and durable options at a lower price point like Daltile bright white subway tiles from Home Depot. At less than $1 per square foot, you can’t go wrong. Want to make it more custom? Add a niche or accent wall. Installing ceramic or porcelain tile will still give you a beautiful bathroom.
Counters: Opt for mid-range countertops like quartz or porcelain that offer both durability and a timeless look. They both offer styles that mimic marble and stone, without the care, cost and maintenance of it. Add a little flair by changing the counter edge. We love dupont.
Lighting: Choose affordable lighting fixtures that provide the right ambiance without breaking the bank. Once you have an access point, all you have to do is switch out the fixture later on. We recommend sticking to 1-2 finishes inside your home and one finish for the exterior.
Paint: Choose two main colors for the interior of your home if you’re in a rush or have trouble making a decision. Decision fatigue is real! By using the right paint finishes in the right places, you’ll be ready to move in no time. Read our Paint Blog to learn more about selecting paint finishes. Don’t forget to download our Paint and Finish Specification Template to record your favorite colors for your contractor.
Keep a detailed log of your paint colors and finishes.
(Click the link)
Future Upgrades
Some upgrades can be postponed until after you’ve settled into your home. This approach allows you to spread out costs and avoid a high initial construction budget.
Worth Splurging Later
Door Knobs and Cabinet Pulls: Upgrading to more luxurious options can be done gradually. Unique knobs and escutcheons really amplify a more custom feeling.
Wallpaper: Adding colorful, transitional wallpaper to accent walls and ceilings can be a fun project for the future.
More Lighting and Decorative Fixtures: Enhancing your lighting scheme and adding decorative fixtures can be done over time. Install the basics to start and switch them out as you plan to make updates.
Decorative Wall Paneling: Introduce traditional or transitional wall paneling when you’re ready for a fresh update. Accents in the dining room, entryway or hallway can make your home feel more custom.
Crown Molding and Baseboards: These finishing touches can elevate your home’s aesthetic. It just shows that you thought of the extra details.
Art: Build your art collection over time, choosing pieces that tell your personal story make it one of a kind. I love collecting art when I travel and framing them locally. You can also find great pieces on websites like Etsy.
7. Furniture:
Start with essential pieces and gradually incorporate heirlooms, antiques, and unique finds from your travels. Invest in quality wood pieces like bookshelves, dressers and dining tables. You can later invest in seating and accent tables when you’re ready.
Smart Savings
Saving doesn’t mean sacrificing quality. By making a few small changes, your home will look more unique and less builder-grade. Opt for mid-range items in areas where it makes sense:
Appliances: Avoid overly complex “smart” appliances. Basic, reliable models often suffice. Check back later to read up on our favorite appliances.
Backsplash: Simple backsplashes can be both stylish and cost-effective. Play with color, shape or installation direction to make it more personal and unique.
Dishwasher: Invest in a panel-ready dishwasher for a seamless kitchen design. A paneled dishwasher instantly elevates your kitchen.
Stove/Range Hood: Consider a custom cabinet box to cover your hood for a polished look without overspending.
Curtains: There are many affordable curtain options that look custom and luxurious. From store bought, semi-custom to fully custom, curtains can meet nearly any budget. Add layers to help with blackout or light filtering needs without sacrificing pattern or color.
Door Casings and Window Sills: Choose unique trim to make your home feel more personal and less cookie cutter. Transom windows over doors add more light to a dark room.
By carefully balancing where to save and where to spend, you can create a dream home that reflects your unique style and stands the test of time. Download our printable guide with the above information below.
Happy remodeling!
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