Home improvement jobs are very expensive. No one will lie to you about that, but what they won’t tell you, is that there are ways to save on your home improvements without breaking the bank.

Saving money comes down to what you do before and during the renovations. Proper planning and a lending hand can help you renovation go smooth, and save your money along the way.

To help you pinch those pennies with your home improvement, we put together a few steps to finance your project and save money along the way.


Before you dive into lending applications head first, you need to have a plan. That means understanding how much you need for your home improvement, and how you are going to pay it back. If you have a budgeted plan, it will be easier to figure out the best lending method for your project.

It’s great to have a plan for the entire house, but try to stick to one area at a time. Say, a bathroom or the kitchen. Look online and check the local stores for the items you need, and put them into a spreadsheet with prices. If you have extra cents, round them up to the next dollar for simplicity sake.

Next, call around to some contractors, and see if you can get a few estimates for your project. Ask each one for a quote, and don’t forget to ask them if they warranty their work. Have the contractors look at your pricing sheet, too. Contractors have relationships with a lot of the local supply stores, and they can often get a better price that they can pass on to you.

Now that you have the prices and quotes for your project, add them to get a rough idea of your project cost.


Now that you have a good idea of what you are getting into financially with your project, it’s time to save a bit of money towards funding your project. It’s always nice to have a chunk of the total in your back pocket before your finance anything because it helps you take care of the monthly payments during your home improvement. Should the unexpected happen during your project, which it can, you have this chunk of money to help cover the cost of any necessary repairs outside of the initial budget.

The more you save up, the lower the monthly payments will be. You are also more enticing to lend to when you have these bigger chunks of money up front.


When you go to look into financing options, make sure your project makes sense from idea to numbers. It’s up to the lender as to whether or not you are going to be approved.

If you are looking for kitchen cabinets financing, you might want to just redo the whole kitchen while you are there. The return on investment for the entire kitchen is higher, and you are basically ¾ of the way there by doing the cabinets.

I know it sounds crazy, but it’s just cheaper in the long run because you can start paying it all off instead of paying off a project you will have to start again.

If you can pay off the entire renovation out of pocket, you should look into getting a credit card to pay for the home improvements because it builds your credit quickly. If you can’t, a credit card could still be a solid option if you can make solid payments towards it each month.

Help With Tear Down

If you want, ask your contractor if you can help them with the tear down. Not only will this cut down on their tear down time, it’s tons of fun. Taking a hammer to the old to make way for the new is great stress reliever, and it’s a great way to help you save money.

Lend a Hand Where You Can

You hired your contractor to help you make your home beautiful, but that doesn’t mean you can’t lend a helping hand. Ask you contractor how you can get involved with your home improvements, but don’t push it.

There are two reasons for that:

  1. If you haven’t done this before, you can hurt yourself, and medical bills are expensive like home improvements.
  2. You don’t want to ruin your contractor’s flow on the improvement.

The best bet is to take the tedious tasks from them, especially if they think you can do it. Just take your time, and you are sure to save money on your contractor’s time.


You can save money with proper planning and a helping hand. If you are looking to save even more, try to find alternatives to your renovations wants that are on sale during your material gathering with the contractor. Have your plan, and your attack should go smooth.

How do you save money on home improvements? Do you think that one lending option is better than another? Why? Share your comments with us below.