How to Save on Basement Renovations

If you’ve recently purchased a home that was on the high end of your budget, you might not have a huge budget left over for upgrades. Basement renovations in Winnipeg provide the most cost-effective way to expand functional living space, especially when compared to major home additions, and with some smart planning they can be done for less. 

MAKE A BUDGET AND A PLAN. 

The biggest DIY mistake homeowners make is starting basement renovations without having a solid plan or budget. This can quickly lead to overspending. Keep things simple, plan it out carefully and stick to it. Your plan should include any work done to mechanical systems, additional framing, drywall, flooring, paint colour and whether you want to include a bathroom addition. It should also include the list and prices of materials, parts of the job you’ll DIY and the cost of hiring contractors for some of the work. 

DEAL WITH MOISTURE PROBLEMS BEFORE YOU START. 

Another big DIY basement renovation mistake? Finishing or remodeling a basement that has moisture issues. Water and moisture will wreak havoc on your new basement and you’ll have to redo it or repair portions of it at great expense. So, before you begin, make sure you repair any cracks or leaks in the foundation, plumbing or windows, that your insulation has a proper vapor barrier and that your basement is completely waterproof. 

CHOOSE AFFORDABLE FINISHES.

If you’re doing your basement development on the cheap, consider some quality but cost-effective finishing options. For example, laminate and carpet flooring are more economical compared to tile and with the right underlayment, can be a durable and long-lasting choice. Laminate is also relatively easy to install, so you can save money by installing it yourself.

CUT AND PIN THE DRYWALL YOURSELF. 

Mudding and taping drywall is a job best left for the pros, but an avid DIYer can easily measure, cut and tack the sheets of drywall to framing. This will help cut down on labour costs. Learn how to hang drywall like a pro. Having a professional drywall contractor deal with the mudding, taping and sanding will ensure a smooth, seamless finish. 

GET OUT THE PAINT BRUSH!

Painting the basement, yourself will also save a bundle in labour costs. Paint the walls before you install the baseboards and trim. This will save time cutting in and taping. Then you can paint and install the trim yourself. Use lighter colours in the basement to help brighten up and enlarge the space. Good options include white, beige and light shades of grey, blue, green and brown.  

Learn more how-to and DIY tips on this home renovation blog.