Remodeling a Basement on a Budget

Basement remodeling is a great way to both add extra living space and increase the value of your home, but the project can be very expensive. A little patience and creativity can go a long way in helping you cut costs when remodeling.

One way to save money when doing construction is to use free or cheap lumber. Keep an eye out for businesses or houses that are being remodeled or demolished. The team may be willing to give you old plywood sheets or studs that they plan to discard.

This type of lumber is called reclaimed wood. It is actually very popular. Not only is it inexpensive, but it also is environmentally friendly. No trees will be cut down to create the lumber for your remodeling project, and the lumber from the demolished building won't end up in a landfill. Use recycled wood to construct walls in your basement or to build unique chairs, end tables, and staircase handrails.

Don't rush. Allow yourself time to scour newspapers and periodicals for sales and promotions at your favorite hardware store. Buy your materials as they become available for reasonable prices. Find a secure and dry place to store them until you're ready to start your remodeling.

For even more savings on furniture, look to yard sales, estate sales, and online auctions. Private citizens all over the world sell new and gently used pieces every day. Many sellers are willing to negotiate prices, so don't alway assume any first offer is the least amount one is willing to accept.

Keep costs way down by doing simple construction and installations yourself. Before you hire a contractor, ask yourself whether you really need someone else to attach shelves, build a table or dresser, hang mirrors, change fixtures, or install track lighting. With a little help, you can even install more elaborate basement features, such as carpeting, insulation, storm windows, or a heater.