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6 ways to save money on home upgrades

Here’s what you need to know.

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Image: Marriott

There are many ways you can make upgrades to your home. You could install a new smart thermostat, upgrade your wall outlets, add a voice assistant, replace your furnace, and so much more. The problem is that these home upgrades cost money and most of us can’t afford to do all the upgrades we’d like.

Luckily, there are a few things you can do that will help you to save money on home upgrades. If you’re interested in making some upgrades to your home, but you don’t want to blow through your budget, here’s what you need to know. 

Properly Plan Ahead

Perhaps the most important thing you can do is plan ahead. Rather than just upgrading things on a whim, planning ahead will allow you to make better decisions that suit your budget. You should take some time to write out a list of all the upgrades you want to make, along with what is needed for each upgrade. Then order your list based on priority and start coming up with estimates for how much each upgrade will cost. 

When it comes time to perform an upgrade, you should do plenty of research into it. What are the best methods for doing this upgrade? What can you expect to pay? Are there any long-term costs associated with this upgrade? The more you know about the upgrade before you start, the better the decisions you can make going forward. 

Do the Upgrade Yourself

To upgrade parts of your home you have two choices – you can either hire someone to do the upgrade for you or you can do it yourself. Which option you choose will largely depend on the size of the upgrade and how much time you have.

For example, installing a new thermostat is something you can do on your own, but installing a home security system may take more advanced knowledge. However, whenever you get the chance to perform an upgrade yourself, you should take it. Doing so not only provides a rewarding sense of accomplishment but it is also typically the cheaper alternative. 

Work with the Right Contractors

When you can’t do the upgrade yourself, you’ll want to find the right contractor. Take the time to explore your different options and to get quotes from each. You don’t want to go with the first contractor you find or end up with one that provides poor service. Find contractors that have received strong performance ratings from past customers, then compare their prices against one another. Taking a little extra time to find the best contractor for your job is one of the best ways to reduce costs. For more information on how to find the best contractor, you can check out this guide.

Find Used Equipment and Parts

You don’t always need the newest technology and equipment in your home to make an upgrade. One way to save a lot of money is by going with used equipment or parts that are still in good condition. For example, if you want to build a home media network, you can easily find a used computer to store your media on rather than purchasing a new one. Or if you want to get a replacement furnace, you could use a site like Machinery Network to find used equipment. Whenever you’re shopping for used parts and equipment you should, of course, do your due diligence to ensure the piece is of high quality still, but if you can find one, the savings are often worth the extra effort. 

Shop at the Right Time of Year

To upgrade the tech around your home, it’s a good idea to wait until the right time of year. Major chains typically have big sales on their tech products around the holidays and waiting until then can score you some big savings. There are also some big sales throughout the year depending on the product, such as televisions going on sale around the Super Bowl. If you find that the tech items you want to get for your home are too expensive, simply add them to a wish list and wait for them to go on sale within the next few months. 

Consider the Long-Term Costs

Finally, you should consider any long-term costs associated with your home upgrade. For example, if you want to add a new hot tub to your backyard, you should consider the costs of maintenance and heating throughout the year. You will want to factor in any costs beyond the initial purchasing and installation of the tech product to get a better idea of the true cost. That way you can properly budget and make better decisions about what to upgrade and when. 

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