This post may contain affiliate links, which means if you click through and purchase something using my links, I receive a small commission. You can click here to read my disclosure policy 🙂 Thank you!
If your family plans to entertain at home this summer or actually has the time to consider a home renovation, you might be surprised by just how effective some new floors can be. In fact, switching out a stained carpet or some scuffed hardwoods can give your entire house a much-needed facelift. However, if you aren’t careful, the costs of this project can quickly creep up to somewhere outside your financial comfort zone. If refinishing your existing floors isn’t an option, there are still some ways to save quite a bit of money here. We’ll discuss three of the best cost-saving tips for new floors below to help your family stay on budget this season.
Obtain and Compare Professional Estimates
Although the DIY route might be tempting, you might want to think twice before you go it alone. Some tile can be installed fairly easily, especially in small spaces, but if you decide on hardwood, carpeting, laminate, or vinyl — or you simply don’t feel confident enough to do it yourself — you should definitely get help from the experts. Although the construction industry eliminated more than 40% of its workforce between 2006 and 2011, there will be plenty of experienced flooring contractors in your area in 2018. When you seek out estimates from these contractors, make sure you’re comparing apples to apples; in other words, don’t assume that a cheaper estimate is actually the best deal. If the less expensive estimate involves lower-quality materials or fewer services, you actually won’t be getting more for your money at all. Be sure to ask a lot of questions and get a good idea of the exact materials in question before deciding on a contractor.
Get Creative With Material Sources
If you do opt for the DIY route (or you’re able to source your own materials to save some cash), you may need to think outside the box when it comes to where you buy your flooring. You might be able to score a deal on laminate at bulk stores like Sam’s Club or Costco, provided you’re shopping at the right time of year. Lumber discount stores are an excellent source for more affordable hardwoods, though the selection might not be as plentiful. If your renovation isn’t too expansive, you might also want to look at your local Habitat for Humanity ReStore, which accepts donations of building materials and sells them at a deep discount to fund the organization’s other missions. Don’t forget to shop around at other well-known flooring stores to see whether you might be able to score a deal; the differences between prices may be considerable, especially if you’re tackling a large project.
Consider Material Lifespans and Downsides
Keep in mind that the purchase price and installation costs of these materials aren’t really all you’ll spend. You should also consider the maintenance that’s required for each flooring possibility and how long these materials typically last. The four key factors that drive the floor protection industry are water resistance, durability, ease of cleaning, and improved comfort. You’ll want to think about priorities for your family and how they might impact the wear and tear of your flooring. For instance, though stain-resistant carpeting or ultra-durable options might cost more upfront, they might retain their quality for much longer. Cheaper options might be more affordable at first, but if you constantly need to maintain, repair, or replace your flooring, you’ll end up spending more in the long run. Remember to think “big picture” here if you want to save.
Build Your Savings & Become Debt Free
Enter your information to get the FREE Guide to Successful Budgeting.
As long as you conduct thorough research, shop around, and consider all of the potential features of your flooring options before you make a final decision, you should be able to save money and stay on budget during this project.