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The median sales price of a home in the U.S. is $420,400, per Federal Reserve Economic Data.
Home renovations can get expensive though, so its important to think about ways tosave moneyalong the way.
For ways new homeowners can save money on renovations, heres what the experts suggest.
Also seeeight home renovations where you might cut corners to save money, according to experts.
Go with low-cost or look-alike materials or head to recycling facilities to save money.
Simple changes can make a big difference to your space, Sims said.
For example, the kitchen is a key area where you could upgrade while keeping things simple and budget-friendly.
You may not need to do a full remodel.
To make your kitchen more organized, addpull-out drawers and organizersto your cupboards, Sims said.
And it might even be worth it to hire someone.
This is something worth considering hiring out.
Ive seen quotes around $1,000 if you find a painter whos just starting out and looking for work.
Use Leftover Supplies
Another option to save money is using leftover supplies for your own renovations.
Sticking with more budget-friendly sites like this gives you the chance to be more creative too.
I actually put all Amazon hardware in my kitchen for less than $200 last year!
And light fixtures can be $50 or less, depending on what you are replacing, Kilmer said.
Add Texture
Have you ever felt like the walls are too bland or repetitive?
Adding a bit of texture is avery small renovationthat can spruce things up.
You could, for instance, use plaster paint for a more sophisticated finish good for contemporary spaces.
Or you could add paneling for a bit more character.
Get Energy-Efficient
For those looking for an eco-friendly renovation, there are ways to save money.
Shop at Scratch-and-Dent Stores
Skip places like Home Depot and head to scratch-and-dent stores instead.
And in some cases, you wont even notice the scratches or dents.
So you might really score at these stores, gettingbrand-new, name-brand appliancesfor a fraction of the price.
Bringing in natural light does not have to entail installing expensive windows, Sims said.
Setting up your own system can save you money as compared with hiring someone else to do it.
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